In the bankruptcy case of Crawford, Tanner S. and Tillie M.; In re, 20, debtors suffered a dismissal of their bankruptcy case because their attorney miscalculated when they needed to obtain credit counseling. The details of the bankruptcy case: The debtors first met with a bankruptcy attorney in August 2007. They filed for bankruptcy on [...]
In the bankruptcy case of Larsen, David M.; In re, the bankruptcy court refused to redirect the debtor's funds held by a state court for the support of the debtor's minor children to other creditors. The details of the bankruptcy case: The debtor's former wife filed for divorce in 1999. During those proceedings, the debtor [...]
There are several rules that a debtor must abide by when filing Chapter 13 bankruptcy . For example, a Chapter 13 bankruptcy debtor is prohibited from transferring property without the consent of the bankruptcy court or borrowing money without first getting permission of the bankruptcy court. But what happens when a debtor inadvertently circumvents the [...]
According to an article in the Dallas Morning News , Idearc, Inc. bondholder (MatlinPatterson Global Opportunity Partners) is challenging the viability of the company's bankruptcy exit plan and is asking the bankruptcy court to strip control of the bankruptcy case from the publisher. The article: "Idearc's proposed bankruptcy exit plan is based on an agreement [...]
Chapter 11 bankruptcy is in all of the headlines today, as companies such as GM, Chrysler and even Reader's Digest file for what is commonly know as business bankruptcy. But Chapter 11 bankruptcy isn't just for the "big boys" it can also help small and medium sized businesses reorganize their debts and protect their assets. [...]
In the bankruptcy case of Figler, Bruce S.; In re (DirecTV Inc. v. Figler), the bankruptcy court ruled that the debtor could not discharge a judgment resulting from pirated cable TV. The details of the bankruptcy case: In May 2004 DirecTV won a $70,450 judgment against a debtor for stealing the company's signal. Shortly thereafter [...]
Many debtors considering bankruptcy hesitate because they have taken out loans from friends and family and don't want to "wrong" them by filing bankruptcy. Many debtors even make the mistake of hiding or secretly repaying friends and family loans while filing bankruptcy on their "other" debt. We need to talk about this very real and [...]
There was an interesting bankruptcy case in Connecticut involving a debtor who was allowed a bankruptcy discharge despite the fact that she squandered money she won in the lottery after filing for bankruptcy. Here are some details of the case: Four days after filing for Chapter 13 relief, the debtor won $100,000 through the state [...]
Bankruptcy dismissal is scary, it can happen to the best of us; but it doesn't have to be the end of the world. If your bankruptcy case was dismissed, you need to first contact your bankruptcy attorney. Or, if you attempted to file bankruptcy without an attorney and your bankruptcy case was dismissed, you need [...]
