In recent news, homeowners are set to experience another financial hurdle that could make all the difference between staying in their homes - and living life out on the street. According to a report released by RealtyTrac Inc and reported by MSN, the number of U.S. homes that received a first-time default notice on their [...]
In a dispute between bankruptcy debtor B.B. King's restaurant and Mirage, owned by casino operator MGM Resorts International, lawyers for the casino argue that the proposed bankruptcy plan for B.B. King's isn't feasible nor in the best interests of the bankruptcy estate. "There is no lease for the debtor to assume and the motion is [...]
Rebuilding Your Credit After Bankruptcy Rebuilding your finances after bankruptcy might seem like an impossible task. After all, once you have the mark of bankruptcy on your credit score, there's no way you can enjoy a healthy financial life again - right? Actually, while your credit score after a bankruptcy might be at an all-time low, [...]
Young Buck Faces Bankruptcy Rapper Young Buck's (David Darnell Brown) Chapter 11 bankruptcy restructuring may no longer be feasible due to unresolved disagreements. The Chapter 11 bankruptcy trustee Jeanne Burton has ruled that the unresolved contract issues preventing the approval of the bankruptcy plan and the inability to recover misappropriated assets warrants liquidation in Chapter [...]
Preliminary bickering and fighting is just a prelude to a hearing scheduled for October 31, 2011, that will include testimony which could be fateful in McCourt's ability to keep control of the Dodgers. The battle lines are already being drawn about everything from file cabinets used by an MLB appointed trustee to alleged IRS investigations [...]
The Bankruptcy 341 Meeting If you file for bankruptcy you can expect to attend what's called a 341 meeting. This meeting gives both the person filing for bankruptcy and the creditors a chance to get together and speak with the bankruptcy trustee about the debts that are owed. The trustee is neither on the creditors [...]
Bankruptcy and Your Retirement Account People who are in a financial situation where bankruptcy is a possible solution should learn the facts about how their retirement funds will be treated. Knowing how your retirement accounts will be treated in a bankruptcy may be all the information you need to make that decision of whether to [...]
Home Equity Default After Bankruptcy Many homeowners in bankruptcy have underwater mortgages along with home equity lines of credit (HELOCs) which may be dischargeable. But what happens if after exiting bankruptcy a debtor fails to pay his/her HELOC? Let's take a look at a few facts: Legal Responsibility A debtor's legal responsibility for HELOCs after [...]
Filing Bankruptcy and Saving Your Marriage Financial stress is one of the biggest causes of divorce in America. Job loss, underemployment, medical debt and delinquent taxes can cause marital rifts which threaten the marriage with dissolution. But many bankruptcy debtors have found Chapter 7 and Chapter 13 bankruptcy can relieve some of the financial stress [...]
When it comes to bankruptcy advice, it seems plenty of people are giving it - but not all of these people are actually qualified to be dispensing the kind of advice that could have such an impact on your credit score, your finances, and your life in general. Bad Bankruptcy Advice is Everywhere From the [...]