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Economy

States Can File Objection To Bankruptcy Plan On Behalf Of Domestic Support Claimant

In the Chapter 13 bankruptcy case of Trupp, Douglas; In re, the bankruptcy court partially sustained an objection to the confirmation of a debtor's Chapter 13 bankruptcy plan. The details of the bankruptcy case:...

Big Banks Pushing “Shadow” Payday Loans?

A new report was recently released by the Center for Responsible Lending, stating that many mainstream banks are offering short-term, high-interest loans that are basically payday loans in the form of a paycheck advances. ...

Former Detroit Piston Files Chapter 7 Bankruptcy

Former Detroit Piston Derrick Coleman filed for Chapter 7 bankruptcy with $4.7 million in debts and a little over $1 million in assets. Coleman, whose 15-year NBA career ended with the Pistons in 2005,...

More Rich And Famous Homeowners Succumb To Foreclosure

Just when financial pundits claim that the economy is improving many rich and famous individuals are losing their homes to foreclosure. Just this week, a Tudor mansion in Bel-Air belonging to film star Nicolas...

Will Blockbuster’s Attempts To Restructure Outside Bankruptcy Prove Successful?

Blockbuster's announcement that it has secured new agreements with major studios that offer enhanced payment terms in exchange for a first lien on the company's Canadian assets sent its stock trading slightly higher.  But...