Archive for November, 2010

Bankruptcy Or Divorce: What Comes First?

When facing an imminent divorce, couples ofter wonder whether to file for Bankruptcy before they get divorced, or afterwards. There are some considerations on this behalf that need to be analyzed. First, you need to keep in mind that both …

Dealing With Creditors

How to handle collection agencies and creditor calls during or after you file for Chapter 13 or Chapter 7 Bankruptcy.

Bankruptcy Trustee Questions Salary Of Three Employees Of Crystal Cathedral

Bankruptcy trustee in Crystal Cathedral Bankruptcy case questions the salary of three employees, as part of its Chapter 11 Bankruptcy proceedings.

Decrease In Amount Of Orange County Bankruptcy Filings

According to the U.S. Bankruptcy Court for the Central District of California, this year’s October has been the month with the lowest amount of filings since February, only 1568 (including individuals and businesses).

National Enquirer Files For Bankruptcy

The publisher of supermarket and retail store tabloids like “The National Enquirer” and “Star” has been severely affected by the current economic recession that has been forced to seek for Bankruptcy protection.

Non-Business Bankruptcy Filings Rise In 2010

According to a publication of the US Courts for the fiscal year of 2010 bankruptcies totaled 1.59 million. In comparison to 2009, business bankruptcy fillings fell .7% while non-business rose 14.4%.

Second Mortgage Lien Strip With Chapter 13 Bankruptcy

Chapter 13 Bankruptcy contains a tool the form of a second mortgage lien strip.  If you qualify, the bankruptcy laws allow you to keep your home with just the first mortgage.  The second mortgage payment can be removed.  We have seen seconds of over $250,000 stripped away inside a Chapter 13.  The simple criteria are […]

Baby Boomers File More For Bankruptcy Than Other Generations

Baby boomers represent a majority in Bankruptcy courts when filing for Chapter 7 and Chapter 13

MGM Files for Chapter 11 Bankruptcy

Metro-Goldwyn-Mayer Inc. might soon face a merger to Lions Gate Entertainment, as part of Bankruptcy Protection proceedings.

It’s Overwhelming For Everyone

If you find your financial situation overwhelming, you’re not alone.  I spoke with a new client last week, I’ll call her Cathy, who was literally in tears.  She was in tears over her financial situation and later shed tears of relief at finding someone she feels comfortable with and can trust. Cathy has run a […]