The Ninth Circuit Further Limits the Powers of the Bankruptcy Court
In what can only be described as frustrating for Bankruptcy Judges, the Ninth Circuit recently expanded the limitations on bankruptcy judge’s ability to enter final judgments in certain situations....
View ArticleEven Stars File for Bankruptcy
Many of us dream of living the life of the rich and famous. With all that money, what problems could we possibly have? Well, one look at the tabloid magazines will tell us a different story, but for...
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Creditor’s Attorney’s Knowledge of Bankruptcy Was Not Enough to Place...
A debtor’s significant mischaracterization of a six-figure debt ultimately placed him on the hook for repaying the debt after a bankruptcy court, and the Ninth Circuit, concluded that the debt was...
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Former ‘Gossip Girl’ Star Seeks Chapter 7 Protection Amidst Mounting Child...
Bankruptcy filers seek protection for a wide variety of reasons, and most do so for reasons other than just profligate spending. Such was the case for TV actress Kelly Rutherford, who filed for...
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Last Minute Transactions Foil Couple’s Effort to Discharge $3M Gambling Debt
A 9th Circuit decision involving a doctor and his wife provides some important guidance on “what not to do” in terms of completing personal financial transactions shortly before filing bankruptcy....
View ArticleWill the Affordable Care Act Affect Bankruptcy Filings?
You may wonder what recent developments in health care law, such as the Affordable Care Act, have to do with bankruptcy law. CNBC reports that unpaid medical bills are now the most common cause of...
View ArticleCasey Anthony’s Life Story – Property of Her Bankruptcy Estate?
In 2011, the Casey Anthony murder trial made history as one of the most-watched trials ever when over 5.2 million people tuned in to view the verdict live on television. Last year, Anthony again made...
View ArticleOfficial Bankruptcy Forms Changed on December 1, 2014
Starting December 1, 2014, several changes to official bankruptcy forms took effect which impact those filing after that date. Bankruptcy can be a complex process, and there are many legal rules to you...
View ArticleWhat Happens if You Can’t Make Repayments in a Chapter 13 Plan?
There are a variety of reasons that debtors choose Chapter 13 bankruptcy over Chapter 7. Some have debts that can only be discharged in Chapter 13 bankruptcy. Others prefer Chapter 13 because it allows...
View ArticleChapter 13 Postpetition Debt
Generally, bankruptcy reorganization is applicable to prepetition debt, which refers to liabilities arising prior to the bankruptcy filing, not postpetition debt. Chapter 13 bankruptcy provides an...
View ArticleCriminal Proceedings and the Automatic Stay
One of the most unique and perhaps most important features of the bankruptcy process is the automatic stay. The automatic stay, in section 362 of the US Bankruptcy Code, halts creditor collection of...
View ArticleWhat Happens if You Can’t Make Repayments in a Chapter 13 Plan?
There are a variety of reasons that debtors choose Chapter 13 bankruptcy over Chapter 7. Some have debts that can only be discharged in Chapter 13 bankruptcy. Others prefer Chapter 13 because it allows...
View ArticleChapter 13 Postpetition Debt
Generally, bankruptcy reorganization is applicable to prepetition debt, which refers to liabilities arising prior to the bankruptcy filing, not postpetition debt. Chapter 13 bankruptcy provides an...
View ArticleCriminal Proceedings and the Automatic Stay
One of the most unique and perhaps most important features of the bankruptcy process is the automatic stay. The automatic stay, in section 362 of the US Bankruptcy Code, halts creditor collection of...
View ArticleDownward Trend in Bankruptcy Filings
Government statistics regarding bankruptcy filings demonstrate an interesting trend. The trend shows a four-year downward direction and an overall downward trajectory. This table represents filings...
View ArticleMaking Sense of Bankruptcy Trends
Government statistics demonstrate that bankruptcy filings fell by 0.7% last year, marking the smallest 12-month decline since 2010. Based strictly on these numbers, bankruptcy filings are up. During...
View ArticleToys R Us Closing
The Toys R Us bankruptcy, along with the bankruptcy of its sister store Babies R Us and parallel bankruptcy proceeding in Canada for its Canadian subsidiary, shocked the market. Not so much because a...
View ArticleRise in Bankruptcies?
The current business environment may be right for a flurry of bankruptcy activity. On its face, such a statement sounds ridiculous. The US economy is experiencing its longest bull run in history,...
View ArticleWhat Happens if You Can’t Make Repayments in a Chapter 13 Plan?
There are a variety of reasons that debtors choose Chapter 13 bankruptcy over Chapter 7. Some have debts that can only be discharged in Chapter 13 bankruptcy. Others prefer Chapter 13 because it allows...
View ArticleChapter 13 Postpetition Debt
Generally, bankruptcy reorganization is applicable to prepetition debt, which refers to liabilities arising prior to the bankruptcy filing, not postpetition debt. Chapter 13 bankruptcy provides an...
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