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

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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

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Category: Bankruptcy

Tags: Bankruptcy Celebrity Pamela Anderson Real estate Taxes

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… 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, is expected to reduce its total debt from about $1 billion to $450 million.”

The Chapter 11 bankruptcy plan which must be approved by the bankruptcy court includes debtor in …

Category: Bankruptcy , Chapter 11 Bankruptcy , Economy

Tags: bankruptcy law Chapter 11 Title 11 United States Code Simmons Bedding Company

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… 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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… 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 PROTECT YOU from creditors.  The law is racked with extensive code detailing its parameters and is heavily regulated to ensure that mistakes and violations are prevented.

While there may be credit counselors who have honorable intentions, the fact remains that the industry is not as well regulated as bankruptcy.  The counselors sometimes …

Category: Bankruptcy , Breaking News

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

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… Digest Association, one of the most popular magazines in the US, has emerged from Chapter 11 bankruptcy, six months after seeking bankruptcy protection.

The company said on Monday it was able to slash its US$2.2 billion ($3.1 billion) debt load by 75 per cent and boost its capital levels. It has access to US$525 million in funding after refinancing certain bonds, which also will save the company US$30 million in interest costs annually. There is another $50 million available in a …

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

Tags: Chapter 11 Bankruptcy protection Reader's Digest

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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

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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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The Wall Street Reform and Consumer Protection Act (H.B.  4173) is under consideration by Congress.  One of the most important aspects of this proposed legislation is the changes to bankruptcy law that will allow bankruptcy judges to modify toxic mortgages.  A similar proposal was defeated in the Senate earlier this year; but we’re hoping that this time legislators will give American homeowners a fighting chance to battle …

Category: Dallas Bankruptcy

Tags: Bankruptcy foreclosure Law Mortgage modification The Wall Street Reform and Consumer Protection Act United States

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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

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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

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Category: Bankruptcy

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Despite bankruptcy’s bad rap in our culture, its benefits make it the best choice for many people needing a fresh financial start.

Bankruptcy often gets a bad rap in our culture, but the truth of the matter is that, for many people, it is the absolutely best option to escape the stress of insurmountable debt and to gain a fresh financial start.  Here is a list of some potential benefits to …

Category: Filing Bankruptcy

Tags: Bankruptcy protection Debt Lawyers and Law Firms

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