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Today In Bankruptcy – 04-15-2014

April 15th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 15th, 2014 Apollo’s Momentive Performance Files for Bankruptcy Brass Instrument Maker S.E. Shires Files for Bankruptcy Mt. Gox founder won’t appear in U.S. for questions about bankruptcy case

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Coldwater Creek Files Chapter 11 Bankruptcy

April 15th, 2014 by Reed Allmand

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Women’s clothing retailer Coldwater Creek has filed for bankruptcy.  The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy.  At one point, the company had revenue peaking at […]

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Real Housewives Stars Get Denied Bankruptcy Discharge after Facing Criminal Charges

April 14th, 2014 by Reed Allmand

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Real Housewives stars Teresa and Giuseppe “Joe” Giudice only paid a small fraction of their debt obligations in the total of $7,500 according to their bankruptcy trustee. Due to criminal charges against the couple it is likely creditors can pursue them for payment again. They have outstanding debt obligations of more than $13 million. The […]

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Mississippi Man Indicted on Two Counts of Bankruptcy Fraud

April 11th, 2014 by Reed Allmand

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A man behind an investment scheme meant to defraud investors was charged with two counts of bankruptcy fraud.  William Marshall Wolfe, 44, of Ridgeland appeared in federal court and indicted on charges related to bankruptcy fraud following a federal investigation involving multiple government agencies. Documents related to the court indictment claim Wolfe devised a scheme […]

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Today In Bankruptcy – 04-10-2014

April 10th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 10th, 2014 Malaysia Airlines could opt for bankruptcy if multiple, costly lawsuits are filed in response to missing flight James River Coal pushed into bankruptcy Bankruptcy over, ‘Real Housewives’ stars Teresa, Joe Giudice still owe $13.4 million

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Divorce and Bankruptcy: Can They Both Be Filed at the Same Time?

April 9th, 2014 by Reed Allmand

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When you and your spouse are coming to terms with your marriage and finances involved you may have questions that come about regarding divorce and bankruptcy. Depending on your situation you may be recommended to complete one before the other. Or, you may be able to complete each process at the same time depending on […]

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Today In Bankruptcy – 04-08-2014

April 8th, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 8th, 2014 Puerto Rico Hires Bankruptcy Lawyers Coldwater Creek bankruptcy filing expected soon James River Files Bankruptcy After Price Drops Idle Mines

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California Man Pleads Guilty to Tax and Bankruptcy Fraud through Homeowner Scheme

April 8th, 2014 by Reed Allmand

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William Barry Blythe, 67, of Murrieta, California is charged with one count of bankruptcy fraud and submitting a false tax return.  Blythe carried out a homeowner scheme that included creating multiple fake trust accounts that claimed to hold the title of homeowner properties.  In doing so, he claimed to take ownership of the mortgages but […]

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Bankruptcy Trustee Questions Oksana Grigorieva’s Finances

April 7th, 2014 by Reed Allmand

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While Oksana Grigorieva claims she’s strapped for cash, the bankruptcy trustee overseeing her case claims her monthly expenses are not adding up.  Grigorieva, a Russian singer known as the mother of Mel Gibson’s child, filed for bankruptcy recently but the trustee may have found deficiencies related to her debts and expenses that are raising concerns […]

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Today In Bankruptcy – 04-03-2014

April 3rd, 2014 by Reed Allmand

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 3rd, 2014 Bankruptcy for Twin Cities Archdiocese considered Oksana Grigorieva Questioned By Bankruptcy Trustee About Her Expenses North Adams Regional Hospital files for bankruptcy liquidation, but work to reopen ER continues

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FAQ

Why do I need to submit a new wage order when I modify my plan

When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.  

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What happens if the stay terminates on my home?

If the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.

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