During a debtor's bankruptcy, they may be faced with one or more creditors bringing forth a claim along with a request for summary judgment. For example, a creditor may ask for permission to repossess a property or to have the automatic stay lifted. If the creditor has evidence that there is no way that the [...]

So you've waited to the last minute to file your bankruptcy. The creditors have won a judgment against you and it's just a matter of days before they garnish your wages and bank account. If this is true or you are facing some other equally desperate situation, then you're probably in a rush to file [...]

Same Sex Couples and Bankruptcy In a recent bankruptcy decision in the state of California, a bankruptcy judge ruled that it would not bar same-sex couples from filing bankruptcy. The bankruptcy case involves a same-sex couple who were legally married in California who wanted to file bankruptcy jointly. The bankruptcy trustee moved to dismiss their [...]

  In the Chapter 7 bankruptcy case of Pace Airlines Inc. which is now defunct, the bankruptcy trustee Edwin Allman is requesting that he be allowed to pursue a lawsuit against a tourism company which purportedly owes Pace $1.46 million. Pace filed a breach-of-contract lawsuit shortly before its collapse involving a payment dispute with Southern [...]

The Supreme Court will be hearing the case of Lynwood and Brenda Hall v. United States, more specifically the IRS, to determine if the family farmers should be forced to pay in full tax debts incurred after a forced sell of property during Chapter 12 bankruptcy. The details of the Chapter 12 bankruptcy case: The [...]

  The Consumer Financial Protection Bureau (CFPB) has been given the authority to police the three major credit bureaus to make sure that consumers are getting the protection they need. For debtors exiting bankruptcy, an accurate credit report can mean the difference between effectively rebuilding their credit rating and languishing in disputes with creditors.  Right [...]

Although there is a lot of information about bankruptcy available on the internet, there are still a lot of fears about filing bankruptcy. Below are a few of the most common bankruptcy fears and why they have no basis in reality: The biggest fear that many debtors have of bankruptcy is that they will lose [...]

With the implementation of the new rules from the Credit CARD Act many debtors are getting a good look at their credit card balances and realizing that they simply will never get out of debt at the rate they're going.  Credit card statements provide a toll-free number for credit counseling agencies; but unfortunately they don't [...]

Is Bankruptcy More Common For Cancer Survivors? We've talked quite a lot about how medical debt can drive some people into bankruptcy. But a recent study of 232,000 adult cancer patients over a 14 year period has found that cancer survivors are more likely to file bankruptcy than the general population."Patients diagnosed with cancer may face [...]

Bankruptcy for Retirees Many retirees are facing credit challenges which seem daunting, maxed out credit cards, property tax debt, income tax debt and some are even facing foreclosure .  Maybe the retiree experienced a medical expense which placed them in a financial bind and then they tried to fix it by mortgaging their house or [...]