NYT: Sublets Lure Manhattan Start-Ups

By C. J. HUGHES To understand how the current office market for technology companies can resemble a Russian nesting doll, with layer upon layer of increasingly smaller subleases, it might help to consider the upper stories of 568 Broadway in SoHo.
In the cast-iron former sewing factory, Scholastic, the publisher, is subletting two floors of space to Foursquare, a social media company. In turn, Foursquare is subletting one of those floors to a handful of other tech firms, including Fueled, which designs apps for phones.

Bankruptcy Court Asserts Sole Jurisdiction

Judge RhodesJudge Steven Rhodes

Medical Debt Continues To Be Driving Force Behind Bankruptcy Filings

When an Emergency Bankruptcy is FiledA new study confirms what many American households continue to struggle with debt from medical bills.  When it comes to filing for bankruptcy such bills continue to be one of the main reasons why people seek legal protection.  Besides rising medical costs, other reasons bankruptcy is commonly filed include unpaid mortgages and credit card debt. [...]

Trust Spendthrift Provision Can be Negated by Other Trust Provisions

The Bankruptcy Court of the Western District of Michigan recently held that a spendthrift provision in a trust was negated by other trust provisions, and resulted in a debtor’s beneficial interest in the trust becoming property of the estate.1

Today In Bankruptcy – 07-23-2013

U.S. Coast Guard boats leave Burnham harbor on Lake Michigan, near McCormick Place, in ChicagoBringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for July 23, 2013 Detroit bankruptcy raises concerns about other US cites under huge retiree debt Detroit Retirees Wonder How Bankruptcy Will Affect Benefits Mi Pueblo files for Chapter 11 bankruptcy  

When to Consider Filing a Joint Bankruptcy Petition

couple-going-over-finances-horizMarried couples may benefit from filing a joint bankruptcy petition under certain circumstances.  Couples may save money during the process and gain adequate protection for assets and property between them.  Yet, there are a few details to review in understanding the process and whether a joint petition is the best option. The process is similar [...]

The Anxiety About The Costs Of Higher Education

high cost anxietyA reasonable question posed about the student loan debate is whether the anxiety about costs is really anxiety about jobs after graduation? That’s one of the issues spotted in a recent blog post by an unnamed Community College Dean, and it bears consideration.

If I Fell Behind on Mortgage Payments Can Chapter 7 Bankruptcy Help?

TaxFiling for bankruptcy has helped many debtors save their home by giving them more time to get caught up on payments or even prevent foreclosure.  But, if you are considering Chapter 7 as an option regarding missed mortgage payments, you may need to review this with your bankruptcy attorney to see if this will remedy [...]

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