Today In Bankruptcy – 01-24-2013

January 24th, 2013 by Reed Allmand

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THQ Bankruptcy

Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 24, 2013

THQ bankruptcy auction closes; video game rivals pick up assets

Sacramento Kings sale: Bankruptcy trustee could slow down process

Santa Ana official credited with avoiding city bankruptcy fired

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About Reed Allmand

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Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."

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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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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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