A popular gift shop located just blocks away from the White House has filed for bankruptcy protection. The shop known as the "Official White House Gift Shop" claims it is unable to pay their creditors with outstanding liabilities in the hundreds of thousands of dollars. The shop is known for selling memorabilia and commemorative items [...]
How long a bankruptcy case lasts depends on which chapter you file. Chapter 7 bankruptcy can eliminate or discharge eligible debt within a matter of months. Chapter 13 bankruptcy can help you repay debt obligations within an average of 3 to 5 years. Since each person's situation varies, the length of your case may also [...]
A federal grand jury returned a 24-count indictment on former Enron Executive Jeffery Adam Shankman, 46, that included concealing assets with bankruptcy fraud. He is expected to make his appearance before a U.S magistrate judge upon turning himself in to authorities. His charges include purposely hiding assets from creditors and the bankruptcy trustee who was [...]
Deciding to file for bankruptcy is a major step toward financial freedom, that is, once you explored all of your options and thoroughly examined your situation. In getting an idea of whether filing is best for you, there are a few questions to think about that may put your circumstances into a better perspective. How [...]
Mortgage Fraud in OhioA Mansfield, Ohio man was found guilty on more than 24 charges in connection to a mortgage fraud scheme that caused several banks, including J.P. Morgan Chase and Washington Mutual Bank, to lose over $1 million. David R. Sharrock, 71, pleaded no contest to a slew of charges that included bank fraud, [...]
You may wonder if it's really possible to get student loans discharged, especially after hearing someone you know personally got theirs eliminated in bankruptcy. If this is the case, you may want to review the possibility with a qualified bankruptcy attorney in Dallas-Fort Worth. There may be some information you might not know that could [...]
While studies have shown that over the past year alone, bankruptcy filings have shown a slight decrease, this doesn't necessarily mean the economy is improving. A number of consumers have cut back on spending and borrowing since the housing market collapse in 2007. But, as people try to stick to reasonable budget, dealing with other [...]
Robert J. Yonkee Jr., 54, was charged in a federal court with bankruptcy fraud. He was a former resident of Machesnesy Park until he moved to Lake Geneva. He is accused of providing false information about his assets and concealing property when he filed his petition. For each charge he faces five years in prison, [...]
There are times filing bankruptcy is necessary in order to maintain a level head and to keep from drowning in debt. If you find yourself relating to any of the following reasons, you may want to discuss your situation further with an experienced bankruptcy attorney. Obtain a fresh start. You don't have to keep struggling [...]
Losing Your Job If You File Bankruptcy In most cases, bankruptcy has no effect on current or future employment. Many consumers new to the bankruptcy filing process may worry about suffering potential consequences if they decide to file. This is a common question asked about at the beginning of the filing process. For the most [...]