More individuals in the House of Representatives are voicing their opinions on why student loan debt should be forgiven in bankruptcy. In recent months more efforts are being made to provide Congress with more insight on how student loan debt continues to be a huge problem. House Democrat Naomi Jakobsson proposed House Resolution 620 which [...]
A former commercial real estate agent and businessman who pled guilty in 2012 to various federal charges was recently sentenced in court. Michael Wayne Harding, 59, of Keswick, Virginia pled guilty to one count each of bankruptcy fraud and wire fraud after waving his right to an indictment. Harding will complete 30 months in federal [...]
Women's clothing retailer Coldwater Creek has filed for bankruptcy. The business, originally known as a catalog business 30 years ago, recently filed Chapter 11 bankruptcy protection in Delaware. Coldwater had over 300 store locations in operation but cited declining sales and the downturn of the economy. At one point, the company had revenue peaking at [...]
While Oksana Grigorieva claims she's strapped for cash, the bankruptcy trustee overseeing her case claims her monthly expenses are not adding up. Grigorieva, a Russian singer known as the mother of Mel Gibson's child, filed for bankruptcy recently but the trustee may have found deficiencies related to her debts and expenses that are raising concerns [...]
One of the best ways to learn more about your options when considering filing bankruptcy is to do your homework by researching what is available. You can also discuss your situation with a qualified bankruptcy attorney that can provide further insight to help you make an informed decision. Even though you may feel as if [...]
Chapter 13 bankruptcy is a structured repayment plan approved by the court that helps debtors make affordable monthly payments to creditors. The plan is based on income ability of the debtor with disposable income being another factor in how payments to creditors are established. A tax refund may be considered disposable income that could be [...]
When you file for bankruptcy keep in mind there are specific actions required by the debtor to complete in order to obtain a successful discharge. In this case, it often includes attending the meeting of creditors (also known as the 341 meeting of creditors). But under certain circumstances you may be able to have the [...]
Are You Eligible For the Bankruptcy Means Test? When you file bankruptcy you will take what is called the Means Test. The test helps debtors learn if they qualify to file Chapter 7 bankruptcy. It reviews the financial background of the debtor to understand monthly expenses and income availability. The test reviews whether disposable income [...]
In many cases you can prevent eviction from moving forward if the landlord does not have a judgment for possession. In other words, if you receive an initial notice for eviction you may be able to file bankruptcy to stop the process from moving further. In some cases there may be exceptions to consider but [...]
Bankruptcy and Divorce There are times in which money becomes a problem for married couples looking to end their marriage, bankruptcy at some point may be something either or both spouses are considering. Some may wonder if it is best to file for one over the other while others may want to do them both [...]