Posts Tagged ‘Bankruptcy in the United States’

Six Million Uninsured Texans Stand On The Brink Of Medical Bankruptcy

According to an article in the Dallas Morning News, the most recent U.S. Census Bureau figures states that Texas leads the nation in the percentage of residents without health insurance.  More than 1 out of every 4 Texans are without health insurance, a total of 6 million residents and Texas leads the nation in the numbers of children who go without health insurance.

The article said:

“…Texas had the

Comment by Jacob Decker: … expenses is one of the most substantial reasons many file …

Category: Bankruptcy , Medical Bills , Unemployment - Job Loss

Tags: Bankruptcy Health Uninsured in the United States

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House Rules Committe Agrees to Consider Bankruptcy Modification Amendment Today!

Call your representatives now! We need your help! See 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 …

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

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

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Bankruptcy: Protection for You

… Image via Wikipedia

Times are tough on everyone right now.  You are a good person in a bad situation, and you probably feel alone and worried about your near-desperate circumstances.  However, if you have been considering working through a “credit counselor”, explore working through an attorney instead.

You hire the attorney to work on YOUR BEHALF.  And you can be sure the attorney will work within the law.

Bankruptcy is a federal law written specifically to …

Category: Bankruptcy , Breaking News

Tags: Bankruptcy Better Business Bureau Business Credit history Credit score Federal Trade Commission Law United States

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My Spouse Died During Bankruptcy, Will I Lose The Life Insurance Payout?

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 …

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Category: Bankruptcy , bankruptcy law

Tags: Bankruptcy Insurance policy Life insurance Texas

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Should Pamela Anderson File Bankruptcy?

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

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Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

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More Americans Face Bankruptcy As Poverty Levels Rise

According to an article in the Star-Telegram, the nation’s wealth real median income fell by 3.6 percent from $52,163 in 2007 to $50,303 in 2008, the worst decline since the Census Bureau began collecting the data during World War II.

The article said:

The national poverty rate also hit its highest level since 1997, jumping to 13.2 percent in 2008 from 12.5 percent in 2007. The increase meant that 39.8 …

Comment by jdecker@allmandandlee.com: … be a victim of the current economic client. Meet with …

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

Tags: Bankruptcy bankruptcy law foreclosure Unemployment

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Texas State-Specific: Bankruptcy and Divorce

Divorce 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 …

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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Seeking a Win-Win in New York

President Obama just sent his legislative package to Congress to create the new Consumer Financial Protection Agency.  The new agency’s purpose will be to protect consumers from deceptive or confusing practices by financial institutions.  Chances are, however, that many consumers who are currently struggling with financial stress are not likely to see the immediate effects of this program.  In the mean time, some bankruptcy courts are looking for alternatives to …

Category: Bankruptcy , Chapter 11 Bankruptcy

Tags: bankruptcy law Lawyers and Law Firms United States United States bankruptcy court United States District Court for the Southern District of New York

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Timing Your Bankruptcy Filing

There are a few situations that help determine if you should delay your bankruptcy filing.

If you are considering filing for bankruptcy, there are a small number of special circumstances where your best option would be to delay filing for bankruptcy.  Of course it would be best to speak to a bankruptcy attorney as soon as possible, but there are a few general situations that an attorney might mention as reasons to delay your filing.

The first is if you owe …

Comment by Jacob Decker: … file chp 7 bankruptcy before getting divorced!! …

Category: Divorce and Bankruptcy , Filing Bankruptcy

Tags: bankruptcy law Chapter 7 Title 11 United States Code Lawyers and Law Firms United States

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Parking Co. Of America Files Chapter 11 Bankruptcy

Parking Co. of America Airports LLC, which is one of the largest domestic off-site airport parking businesses in the United States, has filed Chapter 11 bankruptcy and plans to sell the company after sales were negatively impacted by the battered airline industry.  Parking Co. of America’s Chapter 11 bankruptcy filing listed the company’s assets at $94 million and its debt obligations at $233 million as of September 30, 2009.   Its …

Category: Bankruptcy , Breaking News , Chapter 11 Bankruptcy

Tags: Bankruptcy Chapter 11 Debt

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Debtor Pleads Guilty To Bankruptcy Fraud

Minh-Vu Hoang who filed for Chapter 11 bankruptcy and submitted false information, has pleaded guilty of attempting to defraud the IRS and the bankruptcy system when hiding profits earned from the purchase and sale of foreclosures.

On May 10, 2005, Minh-Vu Hoang filed for a voluntary petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Maryland. On May 27, 2005, Minh-Vu Hoang …

Category: Bankruptcy Fraud , Chapter 11 Bankruptcy

Tags: Chapter 11 Bankruptcy Debt Fraud

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You Must Properly Vet Your Bankruptcy Attorney

… equally.  Unfortunately, there is a plethora of evidence to suggest that it really is up to the client to properly vet any attorney they plan to employ.  The recent case of an attorney who pleaded guilty to falsifying bankruptcy papers and “loaning” himself nearly $4 million dollars from a client’s estate he was managing seems to emphasize the point.

Moyler was a longtime, respected lawyer in Franklin but was forced to file for bankruptcy in 2008. He and his wife declared …

Category: Bankruptcy

Tags: Bankruptcy Attorney file bankruptcy Lawyer

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