Yeah, that Kevin Costner, the guy who danced with the wolves. Not in bankruptcy, no, but, being sued in bankruptcy court. How can you be sued in bankruptcy court? One way, is to try to get money from a person, or company, that filed bankruptcy. Or, in this case, sue someone who has a…
401 accounts are exempt in bankruptcy cases. That is, you can file Chapter 7 bankruptcy, and keep the money in your 401(k) account. Creditors CANNOT GET IT. What could be better than tax free savings? Why, tax free savings that creditors cannot grab. Yet, one in four American workers with a 401(k) account borrows…
Well, if you are Donald Trump, you just keep filing bankruptcy. Actually, The Donald never files, just his companies. His casinos have filed multiple times. But, those were all Chapter 11 bankruptcies, like the latest one linked to above. What about Chapter 7 bankruptcy? Is it one and done? No, it is not. …
You cannot make the payments. One day, your vehicle is gone. You check, find out a creditor took it. If you file bankruptcy, will you get it back? Hey, I hate to sound like a lawyer, but, maybe, probably, it depends. First, lets say you were behind on the car payments, so the creditor…
Watch out! Bankruptcy petition preparers sanctioned again by the Bankruptcy Court for the Eastern District of Michigan. Charles Sullivan and “Rico” Tillman, or S & T, Aleia Renfro and Kenneth Scales, a/k/a Kenneth Simmons, all whacked by the Chief Judge, who found: The Respondents worked hard to hide their lucrative business. By having each…
Bankruptcy filings skyrocketed in the weeks and days before the current bankruptcy laws took effect October 17, 2005. The perception was it would be much more difficult to file AFTER the bankruptcy laws changed. Well, it has not turned out the way that creditors hoped. Of course, filings were down after the 2005 rush,…
Hell, yes. Just because a person or company, or even a college, has filed bankruptcy, does not mean you are off the hook if you owe them money. Lon Morris College filed Chapter 11 bankruptcy, and expects to get as much as one million dollars by suing students for unpaid tuition. These are not…
This is a cheap shot. The picture, and story, are on the original greenwich diva site. Filing bankruptcy is a matter of public record, so anyone can find out who filed. But, really. This is a problem with boiling down legal proceedings to a small article. Everyone remembers the McDonalds scalding coffee suit; the comedians…
image by: Dreamstime Bankruptcy attorneys file bankruptcy, themselves, both Chapter 13 payment plan bankruptcies, or Chapter 7 liquidation bankruptcies, more often than we get million dollar fees. But, what is news? Over a billion (yeah, B as in Billion) in attorney fees, on a bankruptcy case? Yah, you betcha. “These fees are higher than my…
