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Bankruptcy: How Many Times Can I File?

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       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. Continue ReadingContinue Reading

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3 Responses to Bankruptcy Filed in 2005, Can I Re-file Bankruptcy?

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3 Responses to Can A Bankrupt Company/Person Sue Me?

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Gold Medal Bankruptcy?

gabby douglas

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 comediansContinue ReadingContinue Reading

3 Responses to Gold Medal Bankruptcy?

  1. Great article,

    I personally don’t like it when people make hay out of famous people filing for bankruptcy. While it does present a nice message of ‘it can happen to anyone’, there are usually so many stereotypes about people who file bankruptcy that the famous person is subjected to unnecessary ridicule.

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F Is For Bankruptcy Attorney Fees

Letter F

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 myContinue ReadingContinue Reading

4 Responses to F Is For Bankruptcy Attorney Fees

  1. Great article! Sometimes I get jealous of the big fees the Chapter 11 attorneys earn. But as a consumer attorney I press on with the small fees I earn knowing I am helping out the little guys 🙂 Daniel

    Daniel Stone
    Stone Law Firm
    Irmo, SC 29063
    danielstonelaw.com

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Forgiveness Of Debt Income, What Everyone Ought To Know

DISCLAIMER:  NOTHING IN THIS POST IS MEANT AS TAX ADVICE, CONSULT A PROFESSIONAL Some of my clients were about to pay income tax because of 1099-C forms received on rental properties they had abandoned. I was stunned. These people were bankruptcy clients, who had already filed Chapter 7 and received discharges. So they no  longerContinue Reading

Mortgage Balance Not Reaffirmed?

  Had a different question last week, from someone who did not reaffirm her mortgage in her Chapter 7 case, kept current on the  payments, but wanted to pay off the balance for less than what was owed on the mortgage balance. REAFFIRMATION Just to review, reaffirmation is the process for you to obligate yourselfContinue Reading

3 Responses to Mortgage Balance Not Reaffirmed?

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3 Responses to What Is A Chapter 7 No Asset Report?