Many debtors considering bankruptcy are active members of their church, synagogue or mosque and committed to donating a certain amount of money to the organization.  Filing for bankruptcy does not mean that a debtor’s charitable contributions must stop. Debtors, who file for bankruptcy, are allowed to give to a charitable organization (including religious organizations) and can even include it as an expense on their …

Category: Bankruptcy

Tags: Church and Bankruptcy Tithing

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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 …

Comment author URL: http://interest.justtome.com/my-spouse-died-during-bankruptcy-will-i-lose-the-life-insurance/

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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… 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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In their effort to consolidate 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 …

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: … it in a nice and succinct way. Also, love all of …

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 …

Comment author URL: http://compare.bodyonme.com/girls-gone-wild-owner-facing-bankruptcy-reeds-bankruptcy-blog/

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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If a debtor dies during bankruptcy, the bankruptcy case does not automatically end. Remember, those debts are still owed and creditors could come after assets of the deceased debtor without a bankruptcy discharge. For example, if the debtor owned property, assets or cash, they could go after those assets with the approval of the court. Only the automatic stay of bankruptcy prevents creditors …

Comment by Jay S. Fleischman: … dies during the bankruptcy case then someone must be …

Category: Bankruptcy

Tags: Bankruptcy Chapter 13 chapter 7 Death

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Lie Number One – Bankruptcy will ruin your credit forever! Let’s face it, the majority of people considering bankruptcy already have bad credit.  They have defaulted on personal debt such as credit cards and are delinquent on essentials such as their mortgage.  For many, filing bankruptcy will actually improve their credit score by bringing their collection balance to zero through a bankruptcy discharge. …

Comment by Jacob Decker: … one spouse files and they surrender the the family home …

Category: Bankruptcy , Credit Counseling

Tags: Bankruptcy Lie

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The goal of bankruptcy proceedings is to obtain a discharge of debts, which means the debtor is no longer personally liable for that debt.

Q:  What does a “discharge of debt” mean, exactly?

A:  The goal of bankruptcy proceedings is to obtain a discharge of debts, which means the debtor is no longer personally liable for that debt.

Q:  So what does “personal liability” mean, then? …

Category: Bankruptcy Q&A , Debt and Tax Relief

Tags: Bankruptcy Questions Discharge of Debt

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