According to FBI officials, Former Ohio State Highway Patrol trooper Benjamin W. Richardson has been sentenced to 50 months in prison for multiple charges including mortgage and bankruptcy fraud. He was also charged for tampering with a witness that was part of a federal investigation. In regards to the mortgage fraud charges, Richardson was ordered [...]
"Good Faith" Requirement for Chapter 13 Bankruptcy Chapter 13 bankruptcy allows you to repay debt obligations through an approved payment plan by the court. The "good faith" requirement is basically the debtor proposing they will make payments according to their payment schedule in "good faith" for the duration of the bankruptcy. When you file, you [...]
Many believe they have to be broke or completely financially unstable in order to contact a bankruptcy attorney. Even if you feel you are in good place with your finances, it may prove helpful to get information about bankruptcy that could be useful later on. On the other hand, certain situations could be reviewed with [...]
Consumers who are skeptical about debt they are being sued for should have it verified before taking additional steps to get that debt resolved. Since creditors are known to sell debt accounts to collection agencies it is possible to find errors in account data. Such errors may lead to the agency trying to collect on [...]
Day Jams Camp announced on its website that it plans to file for Chapter 7 bankruptcy protection. In what may be seen as an abrupt move by the management company behind the camp, this may be seen as a surprise to many parents who had their children enrolled to participate this summer. The camp has [...]
William Cecil Griffin, 62, of Ashland, Ill was sentenced to 5 months in federal prison after pleading guilty to concealing assets when he filed Chapter 7 bankruptcy in 2009. Griffin was also ordered to pay over $40,000 in restitution to creditors. After completing his prison term he will be under home confinement for 5 months; [...]
Whether you file a Chapter 7 or Chapter 13 bankruptcy , you are required to disclose certain financial information about your business. Most likely, any business interest accrued would need to be disclosed; if you have more than 5 percent in business ownership, this would also need to be presented upon filing. Basic information about [...]
California has had other cities recently file for bankruptcy protection including Stockton and Mammoth Lakes. Unfortunately, San Bernardino is the third city to seek Chapter 9 bankruptcy protection. Like the other cities that filed their petitions, San Bernardino is facing a hefty deficit close to $50 million and hopes the filing will help the city [...]
Your Rights Under Bankruptcy Laws While some may assume bankruptcy laws lean more toward helping debtors than creditors or vice versa, the fact is they are designed to protect both debtors and creditors. Rules and regulations in relation to bankruptcy laws, along with the rights of both groups, are enforced by the bankruptcy court to [...]
Unemployment benefits are available for qualifying workers who were at no fault in losing their job. If you quit voluntarily you may not qualify under certain circumstances. If your employer decides to relocate and the circumstances force you to leave, it is possible you may be eligible to apply for benefits. When your employer relocates, [...]
