… can often be a big factor when people are making the tough decision whether or not to file for bankruptcy.  Sometimes, divorce is the cause of the financial hardship leading the individual toward bankruptcy.  Other times, individuals need to know what the requirements are when it comes to divorce settlement proceedings if you already know you’re going to file for bankruptcy.  A recent case here in Texas demonstrates that failing to disclose your intention to file for bankruptcy during …

Comment by Jacob Decker: … especially in bankruptcy. Do yourself a favor and …

Category: DFW Metro Bankruptcy , Divorce and Bankruptcy , Economy

Tags: Bankruptcy Divorce Law Lawyers and Law Firms Texas

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If you are filing a joint bankruptcy with your spouse and your spouse dies during the bankruptcy process, this could impact your case in several ways. One of the most important consequences of the death of a filing spouse during bankruptcy is that the life insurance benefit payout cannot become part of the bankruptcy estate.  For example, if you and your spouse filed bankruptcy in January 15, 2010 and your spouse passed …

Comment author: My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me

Comment by My Spouse Died During Bankruptcy, Will I Lose The Life Insurance … Interest just to Me: … Spouse Died During Bankruptcy, Will I Lose The Life …

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Category: Bankruptcy , bankruptcy law

Tags: Bankruptcy Insurance policy Life insurance Texas

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Pamela Anderson has disputed rumors that she is considering bankruptcy.  But should the former Baywatch star file bankruptcy given the multiple liens placed o her property? According to several reports, Pamela Anderson is facing liens from various construction companies for unpaid bills totaling nearly $1 million and a bill for $252,360 for unpaid California state taxes. But despite the reports, Anderson says that she is far from filing bankruptcy : …

Comment author: Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight

Comment by Should Pamela Anderson File Bankruptcy? | Reed's Bankruptcy Blog iSilverlight: … Anderson File Bankruptcy? | Reed's Bankruptcy Blog …

Comment author URL: http://isilverlight.cn/should-pamela-anderson-file-bankruptcy-reeds-bankruptcy-blog/

Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

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Movie studio Metro-Goldwyn-Mayer is still struggling to sale itself and find a non- bankruptcy method of reorganizing its $5 billion debt load.  But with about 10 days to go before the next round of potential investor bids are due, MGM may need to seriously consider filing Chapter 11 bankruptcy if it is to survive.

MGM put itself up for sale last fall as part of an effort to pay off the debt it took on …

Category: Bankruptcy , Breaking News , Chapter 11 Bankruptcy , Economy , Filing Bankruptcy

Tags: Chapter 11 Bankruptcy Metro-Goldwyn-Mayer

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Metro-Goldwyn-Mayer (MGM) may be considering a prepackaged Chapter 11 bankruptcy in addition to a sale of the company.   The attempts to sale the company and the consideration of Chapter 11 bankruptcy come after the company ran into difficulty paying $3.7 billion in debt.

Many media companies, including Time Warner Inc and Lions Gate Entertainment Corp, have put in bids for MGM, along …

Category: Chapter 11 Bankruptcy

Tags: Chapter 11 Bankruptcy Lions Gate Metro-Goldwyn-Mayer MGM Time Warner

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… jobs and streamline processes, Pilgrim’s Pride which was purchased by JBS USA during Chapter 11 bankruptcy, implemented 230 corporate and administrative job losses, including 160 job losses in East Texas.

“We operate a lean corporate structure,” said spokesman Chandler Keys. “One of the main goals is to make sure we don’t have layers of bureaucracy.”

While more job losses aren’t currently planned, Keys did not rule out additional job losses in the future.  As part of …

Comment author: Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com

Comment by Tweets that mention Pilgrim’s Pride’s Post Bankruptcy Moves Include Texas Job Losses | Reed’s Bankruptcy Blog — Topsy.com: … Pride’s Post Bankruptcy Moves Include Texas Job …

Category: Bankruptcy , Chapter 11 Bankruptcy , Unemployment - Job Loss

Tags: Bankruptcy Job Loss Pilgrim's Pride

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After the debtor delivers all requested paperwork to his/her bankruptcy attorney, the bankruptcy petition is filed with the bankruptcy court.  The bankruptcy petition is generally 45 to 50 pages long but may be shorter if we are filing an “emergency bankruptcy” which is used when you need bankruptcy fast to stop an imminent foreclosure, wage garnishment etc. Eventually all paperwork must be fully completed.

Once the …

Comment author: Charlotte Bankruptcy

Comment by Charlotte Bankruptcy: … and Greensboro, NC Bankruptcy Lawyers

Category: Chapter 7 Bankruptcy , Dallas Bankruptcy

Tags: Bankruptcy Attorney Bankruptcy Court Creditors

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… below for contact information.

The House Rules Committee just minutes ago agreed to allow the bankruptcy modification amendment to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!

H.R. 4173 being offered by Reps. Conyers, Turner, Lofgren, Marshall and others  will help financially distressed families avoid foreclosure. This amendment will empower bankruptcy judges to modify mortgages on primary residences, …

Comment author: House Rules Committe Agrees to Consider Bankruptcy Modification … Leading just to Me

Comment by House Rules Committe Agrees to Consider Bankruptcy Modification … Leading just to Me: … Agrees to Consider Bankruptcy Modification … By …

Comment author URL: http://leading.justtome.com/house-rules-committe-agrees-to-consider-bankruptcy-modification/

Tags: Bankruptcy Community Action Financial services foreclosure Mortgage United States House Committee on Rules

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Girls Gone Wild owner Joe Francis, may be facing bankruptcy after the IRS placed a lien against him for $34 million and seized his bank accounts worth approximately $100 million.  The IRS claims that Joe Francis has failed to pay taxes for 2001, 2002 and 2003; but the Girls Gone Wild owner claims that he owes the IRS nothing.  The tax lien came just weeks after Francis agreed to a plea deal to escape jail in his federal tax evasion case. …

Comment author: Girls Gone Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog Compare on me

Comment by Girls Gone Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog Compare on me: … Wild Owner Facing Bankruptcy? | Reed's Bankruptcy Blog …

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Category: Bankruptcy

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The burning question in most potential bankruptcy debtors’ minds is “What can I keep?”  You’re understandably worried about losing everything, but let me just put your mind at ease.  You’re definitely not going to lose everything. In fact, most people keep everything.  Bankruptcy was created specifically to help consumers sinking under the waves of financial overburden, and both state and federal law provide for …

Comment by Jim Ince: … of value in a bankruptcy. Most people worry about …

Category: Chapter 7 Bankruptcy , Dallas Bankruptcy Laws , Fort Worth Bankruptcy Laws , Property Exemptions , bankruptcy law

Tags: bankruptcy law chapter 7 Exemptions Texas

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In the bankruptcy case of White, Terry P.; In re, the bankruptcy court overruled a debtor’s objection to his ex-wife’s claim.

The details of the bankruptcy case:

“When the debtor and his wife divorced, he received the family home and was ordered to pay his wife $30,000 out of the proceeds from the property’s sale. She received a lien against the property to secure that obligation. The …

Category: Bankruptcy , DFW Metro Bankruptcy , Divorce and Bankruptcy

Tags: Bankruptcy Divorce Lawyers and Law Firms Legal Information

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In the bankruptcy case of Raeder, Nathaniel F.; In re (Harrold v. Raeder), the bankruptcy court ruled that the plaintiff’s claim was not excepted from bankruptcy discharge.

The details of the bankruptcy case:

In 2003, due to a broken shoulder and the inability to move around or write, the debtor’s mother (the plaintiff) had delegated to her son (the debtor) the responsibility of writing checks …

Category: Bankruptcy , DFW Metro Bankruptcy , Dallas Attorney

Tags: Bankruptcy bankruptcy law Debt Debtor Law Lawyers and Law Firms