Bankruptcy – Denial of discharge – Fraudulent transfer

Bankruptcy – Denial of discharge – Fraudulent transfer

U.S. Bankruptcy Court Where the debtors made a series of suspicious transfers from their business accounts to their own personal accounts and the personal account of a family member, and failed to include those transactions in their statements of financial affairs, the plaintiffs were entitled to a denial of the debtors’ discharges. “In 2015, the…

Court orders judgement in favor of defendants in FCRA action based on limitations of Wisconsin “alternative-to-bankruptcy” statute Blog InfoBytes Blog

Court orders judgement in favor of defendants in FCRA action based on limitations of Wisconsin “alternative-to-bankruptcy” statute Blog InfoBytes Blog

On October 26, the U.S. District Court for the Eastern District of Wisconsin denied a plaintiff’s motion for summary judgment and instead entered judgement in favor of two creditors and two consumer reporting agencies (collectively, “defendants”), holding that the debtor failed to show a factual inaccuracy in the credit reporting of a debt. According to…

American Consumer Credit Counseling Explains the Debt Settlement Process

ACCC explains the pros and cons of debt settlement and how it differs from debt management BOSTON (PRWEB) November 12, 2018 Debt settlement is the process of settling debt with a creditor for less than what is owed. During this process, consumers stop paying their creditors and pay the debt settlement company instead while their…

Why are so many seniors filing for bankruptcy?

Why are so many seniors filing for bankruptcy?

At his law office in Orem, Doug Barrett has noticed something about his clients: They’re older than they used to be. That’s troubling because Barrett specializes in bankruptcy, the legal last resort for people who can’t pay their bills. Even as bankruptcy rates are declining in the general population, both in Utah and nationwide, new…

Gudeman & Associates Offers Advice On How To Hire A Bankruptcy Attorney

Gudeman and Associates Attorneys is now a no-cost consultation for bankruptcy candidates. If someone is struggling with debt, then talking to a bankruptcy expert is a valid step. Gudeman & Associates wants to provide some no-cost legal advice for those who are looking to hire a bankruptcy attorney. Bankruptcy is tricky business—it is not a…

Portland Bankruptcy Attorney Chapter 7 Automatic Stay Case Report Launched

Portland Bankruptcy Attorney Chapter 7 Automatic Stay Case Report Launched

A new report has been launched by Portland, Oregon based attorney Christoper J Kane. It discusses bankruptcy and how effective a simple Chapter 7 case can be. A simple Chapter 7 case protects the party from all collections, discharges all of their debts, and lets them keep or surrender collateral, and lets them keep all…

Tops files reorganization plan in U.S. Bankruptcy Court

Tops files reorganization plan in U.S. Bankruptcy Court

Press release: Tops Markets LLC (“Tops” or the “Company”) today (Aug. 31) announced that it has filed a Plan of Reorganization (the "Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the Southern District of New York. The Plan incorporates the Company’s court-approved agreements with its unions and is supported by…

Bankruptcies for Aug.23-29

Bankruptcies for Aug.23-29

Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for Aug. 23 through Aug. 29. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers whose gross debt does not exceed $1.5 million); and Chapter 13 (a plan to repay some…

Lancaster County bankruptcies: Aug. 5, 2018

Lancaster County bankruptcies: Aug. 5, 2018

Here is a list of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, July 24-30. Andrew James and Tiffanie Jean Lane, 300 block of Alexandra Court, Marietta. Chapter 13. Lee Roy Eppley, 200 block of Buttonwood Drive, Elizabethtown. Chapter 13. Jessica Rodriguez, first block of Seymour Street. Chapter 13. Charles…

Emergency center files for bankruptcy

Emergency center files for bankruptcy

Houston-based Neighbors Emergency Center, which operates more than 20 free-standing emergency rooms in Texas and elsewhere, has filed for Chapter 11 bankruptcy. The company’s holdings include Neighbors Emergency Center at 2001 Mall Drive, Texarkana, Texas. The company filed for Chapter 11 bankruptcy in mid-July in the Houston Division of the Southern District of Texas bankruptcy…

How to Keep an S Corporation Business & File for a Personal Bankruptcy

How to Keep an S Corporation Business & File for a Personal Bankruptcy

Related Articles For the purposes of filing personal bankruptcy, it does not matter if your business is an S corporation or a C corporation. What impacts bankruptcy law is that your assets are shielded inside a corporation, not the corporation’s tax treatment. Because your corporation is legally distinct from you, your bankruptcy as a shareholder…

New system detects identity thieves before they drop you into bankruptcy

New system detects identity thieves before they drop you into bankruptcy

STAY CLEAR: Senior director of Transunion Africa Garnet Jensen says identity theft is rife in South Africa, but a new system protects personal data. Picture: Karen Sandison/African News Agency/ANA Half of South African consumers have either been a victim of identity theft or know someone who has, according to a recent survey commissioned by TransUnion….

It's Hard to Manage Your Credit When You've Never Heard of 'Interest'

It’s Hard to Manage Your Credit When You’ve Never Heard of ‘Interest’

When Kentucky state Treasurer Allison Ball and a colleague talked with high school seniors last year about credit cards and other pieces of the personal finance puzzle, something wasn’t right. “We kept using the word ‘interest’ and we kept getting blank stares,” Ball recalled. Finally, she asked the students who knew what interest is. No…