May 21st, 2013 by Reed Allmand
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 21, 2013 Sinbad, almost $11M in debt, files for bankruptcy Battery maker B456 Systems’ bankruptcy plan approved GM Bankruptcy Proceedings Delayed by Zombie Whistleblower Case
More...May 21st, 2013 by Reed Allmand
There are exemptions available in Chapter 7 bankruptcy that may help protect your cash. Although the cash in question has to qualify as an exempt asset. It’s common for consumers to be afraid of filing in fear of losing cash assets. The good news is you may be able to retain your cash and other assets [...]
More...May 20th, 2013 by Reed Allmand
If you’re seeking a solution to help manage tax debt then Chapter 13 bankruptcy may be something to consider. It often depends on the type of debt in question, along with other financial obligations of the debtor. You may even gain an advantage using Chapter 13 to handle the debt that you may not gain [...]
More...May 17th, 2013 by Reed Allmand
A Michigan man may face more than 20 years in federal prison after pleading guilty recently to charges related to money laundering and bankruptcy fraud. Adrian Hassan Tageddine, 42, of Dearborn Heights, admitted to authorities he hid assets including cash and luxury vehicles when he filed for bankruptcy in 1999. Internal Revenue Service (IRS) agents [...]
More...May 16th, 2013 by Reed Allmand
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 16, 2013 Casino commission OKs Revel’s bankruptcy plan David Oreck Talks Bankruptcy And Book Cancer diagnosis puts people at greater risk for bankruptcy
More...May 16th, 2013 by Reed Allmand
Chapter 7 bankruptcy eliminates unsecured debt such as medical bills, credit card debt, and payday loans. In order to understand whether you qualify is by reviewing your eligibility factors. The most effective way to learn if you qualify includes discussing your situation with an experienced bankruptcy attorney. Meeting qualifications of the means test and providing [...]
More...May 15th, 2013 by Reed Allmand
Well-known vacuum company Oreck filed for Chapter 11 bankruptcy after decreasing vacuum sales. The company will continue operations during the filing, while in the process of restructuring in hopes of acquiring a buyer. Oreck is known for producing upright vacuums and cleaning products through online and direct phone sales, as well as through their Oreck [...]
More...May 14th, 2013 by Reed Allmand
Depending on state law regulations, a motorist may have their driver’s license suspended if they have an outstanding debt related to a civil judgment. For instance, back child support payments or lack of insurance are common reasons why someone may have their license put under suspension. While it is true a suspension is a consequence, [...]
More...May 13th, 2013 by Reed Allmand
Chicago area drivers who tried to avoid paying impound fees for their vehicles allegedly participated in a bazaar scheme that included filing false bankruptcy petitions. Local and state investigators found a significant number of “pro-se” bankruptcy filings (individuals who filed without an attorney) after the U.S. Trustee’s Office identified over 1,000 filings were completed. Most [...]
More...May 10th, 2013 by Reed Allmand
Chapter 13 bankruptcy is a court-approved repayment plan based on the debtor’s ability to repay. While the plan is not for everyone, it offers different benefits that debtors may find useful depending on their personal situation. While the plan can last anywhere from three to five years, this aspect alone is enough to discourage debtors [...]
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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 21, 2013 Sinbad, almost $11M in debt, files for bankruptcy Battery maker B456 Systems’ bankruptcy plan approved GM Bankruptcy Proceedings Delayed by Zombie Whistleblower Case
There are exemptions available in Chapter 7 bankruptcy that may help protect your cash. Although the cash in question has to qualify as an exempt asset. It’s common for consumers to be afraid of filing in fear of losing cash assets. The good news is you may be able to retain your cash and other assets [...]
If you’re seeking a solution to help manage tax debt then Chapter 13 bankruptcy may be something to consider. It often depends on the type of debt in question, along with other financial obligations of the debtor. You may even gain an advantage using Chapter 13 to handle the debt that you may not gain [...]
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.
Learn MoreIf 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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