In the bankruptcy case of Hartline, James M. and Heather K.; In re the bankruptcy court ruled against the bankruptcy trustee who wanted to avoid a credit’s lien due to administrative errors.
The details of the bankruptcy case:
The debtor-husband purchased a motor vehicle on Nov. 18, 2006. The purchase was financed by the defendant who applied [...]

Chapter 13 bankruptcy is a powerful tool for repaying an agreed upon amount of your debt under a plan that fits your budget.  Here’s what you need to know about Chapter 13 bankruptcy:

Chapter 13 bankruptcy is specifically designed for “wage-earners” who have enough disposable income to repay [...]

The bankruptcy law says that if a debtor inherits money from someone who dies within 180 days of the date the debtor filed bankruptcy, that money becomes part of the bankruptcy estate even if you received a Chapter 7 bankruptcy discharge. What that means is that if you filed bankruptcy September 30, 2009 and a [...]

In the Chapter 7 bankruptcy case of Kunkelman, Jeffrey D.; In re, the bankruptcy court ruled that a debtor’s retirement contributions must be included in his disposable income and dismissed his Chapter 7 bankruptcy case.
The details of the bankruptcy case:
“The Chapter 7 debtor had one secured debt of $10,731 and unsecured debts of $18,628, including [...]

In the Chapter 7 bankruptcy case of Sparks, Jeanette R.; In re, debtor is allowed to keep homestead exemption despite bankruptcy trustee’s objection; but is not allowed to exempt $514 held in a mutual fund account.
The details of the bankruptcy case:
“The 55-year-old, unemployed Chapter 7 debtor owned an interest in her home, which she claimed [...]

When a debtor purchases a product with credit, the creditor has a secured interest in the property. What that means is that anything you buy with credit, including furniture, vehicles, jewelry, electronics, computers, clothes and books can be treated as a secured item during bankruptcy.  For example if you purchased a $3,000 laptop using your [...]

In the bankruptcy case of Blackburn, Terry; In re (Blackburn v. Blackburn), the bankruptcy judge ruled that obligations incurred through a divorce decree was not dischargeable in bankruptcy. The judge also ruled that he did not have discretion in the matter.
The details of the bankruptcy case:
The Chapter 7 bankruptcy debtor was a 50 year old [...]

According to an article in the NYPost, feuding creditors are threatening to force movie studio Metro-Goldwyn-Myer (MGM) into bankruptcy if their demands are not met.
The article said:
“Both sides staked out their positions during two conference calls Wednesday afternoon that lasted a combined six hours, according to a half-dozen sources on the call.
They described the calls, [...]

According to an article in the Dallas Mornings News, Simmons Co., the maker of Beautyrest mattresses plans to file for Chapter 11 bankruptcy protection in a move to place new owners in charge of the bedding unit and significantly lower the company’s debt load.
The article said:
“The plan, which will not affect the company’s operations, [...]

In the bankruptcy case of Sparks, John W. and Betty L.; In re, the bankruptcy trustee’s objection to the debtor’s exemption was denied by the bankruptcy court.
The details of the bankruptcy case:
In the Chapter 7 bankruptcy case involving debtors claimed their state and federal income tax refunds as exempt under vari­ous state law provisions. However, [...]

Chapter 11 bankruptcies are filed by individuals and businesses whose debt levels fall outside of the amounts allowed for a Chapter 13 bankruptcy or Chapter 7 bankruptcy filing. If a debtor owes more than $336,900.00 in unsecured debt or more than $1,001,650.00 in secured debt, he/she will need to file Chapter 11 bankruptcy. Even if [...]

When a debtor files for Chapter 13 bankruptcy, he/she can choose to have the repayment amount automatically deducted from their paycheck. The bankruptcy deduction can be has high as you prefer or as low as you prefer as long as it covers the amount you agreed to pay in the bankruptcy plan. There is [...]