Unlisted Debt Comes Back To Haunt Bankruptcy Debtor
In the bankruptcy case of Mammola, Robert J.; In re, 20 the bankruptcy debtor failed to list a creditor who later filed a lawsuit against the debtor. After attempting to reopen the bankruptcy case...
Even Rapper Jay-Z Battles Foreclosure
Rapper Shawn Carter (a.k.a. Jay-Z) is taking a foreclosure fight to the courts. Jay-Z, who took out a $52 million loan for a planned hotel development was at risk for foreclosure after the commercial...
Retailers May Take A Hit With CIT Chapter 11 Bankruptcy
According to an article in the Star-Telegram, CIT Group's Chapter 11 bankruptcy is a source of angst for the nation's small and mid-sized retailers, many of whom rely on the lender for credit. CIT...
What Will I Owe After Bankruptcy?
When a debtor files bankruptcy there are debts that are dischargeable and other debts that cannot be discharged during bankruptcy. Let's take a look at some of the things you may still need to...
Life After Bankruptcy: Taking Back Control
One reason declaring bankruptcy terrifies so many people is the fact they have to admit they've lost control over their finances--and life in general. Nobody likes to feel powerless and out of options. But...
You Must Take a Personal Financial Management Course after Bankruptcy
Most debtors remember that a credit counseling course is required before filing bankruptcy; but many forget or don't realize that they must also take a personal financial management course within 45 days after filing...
After Bankruptcy Don’t Fall for Credit File Segregation Scams
A file segregation scam is where a debtor, usually someone who has recently filed bankruptcy, is offered a brand new credit identity in exchange for a fee--usually a very large fee. How Credit File...