… 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 filed several false schedules and a false Statement of Financial Affairs with the Bankruptcy Court, in support of her petition. In her Schedules, Minh-Vu Hoang reported a financial interest in only six properties, knowing that she had an interest in other properties, and further reported income in 2003 …

… years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college. 

For years, student loans have been nondischargeable in bankruptcy.  Untold scores of individuals who should receive a bankruptcy discharge of their student loans because of the sheer amount of debt compared to their income, have not receive a discharge of their student loans.  Because of the way our …

… without having any funds to repay creditors, but a bankruptcy judge granted a motion by the United States to reopen the case. A hearing in the Newport News bankruptcy court is set for Feb. 19.

And while this attorney was not filing bankruptcy for clients, this situation can happen to debtors who need to file bankruptcy.  If you are looking for a bankruptcy attorney, please do the following:

Check their references.  What does the bankruptcy attorney’s clients have to …

… years –- and forgiven after 10 years if they choose a career in public service, because in the United States of America, no one should go broke because they chose to go to college.

For years, student loans have been nondischargeable in bankruptcy.  Untold scores of individuals who should receive a bankruptcy discharge of their student loans because of the sheer amount of debt compared to their income, have not receive a discharge of their student loans.  Because of the way our …

…  For example, if some other person takes over the obligation of paying child support.

The United States Bankruptcy Code (Title 11 of the United States Code) states in Section 523 that:

(a) A discharge under Section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt...

(5) to a spouse, former spouse, or child of the debtor, for alimony to, maintenance for, or support of such spouse or child, in connection with a …

The independent licensee and distributor of entertainment programming in North America, Image Entertainment Inc., may need to file Chapter 11 bankruptcy after defaulting on a payment under a convertible note.  The company defaulted on an installment payment of $4 million due on Dec. 14, for its $15.7 million convertible note. The company also said that the default could adversely affect its …

Tags: Chapter 11 Title 11 United States Code Debt Default Image Entertainment

Britain and France announced that they will levy a one-time tax on large bonuses paid by bailed-out banks, while US banks who benefited from taxpayer bailouts are set to dole out bonuses that are even larger than bonuses during 2008.  I guess it’s been a good year—for the banks.

Wall Street banks are on track to pay $26 billion in bonuses for 2009 performance…That’s up from $18.4 …

Tags: American International Group Bailout Bank of America France General Motors Goldman Sachs JPMorgan Chase Kenneth Feinberg Morgan Stanley UK United States

Pilgrim’s Pride’s Chapter 11 bankruptcy exit plan was approved this week paving the way for the poultry processor to become part of a large Brazilian beef company. Under the Chapter 11 bankruptcy , all creditors with allowed claims will receive full repayment, which is rare during bankruptcy. While the company plans to actually exit bankruptcy by the end of 2009, Pilgrim must still close …

Tags: Chapter 11 Title 11 United States Code Pilgrim Pride

When the government offered direct bailouts to banks during the first half of this recession, many taxpayers and homeowner advocates doubted that the aid money would “trickle down” to ordinary Americans or even be repaid. CIT Group, which filed for Chapter 11 bankruptcy just a few months ago has become the first bank to materialize critics’ fears. The 101 year old commercial bank …

Tags: Bankruptcy Chapter 11 Title 11 United States Code CIT Group

The Labor Department claims that the number jobless workers applying for unemployment for the first time is steadily decreasing; but could that mean a spike in bankruptcy filings?

Initial claims for unemployment insurance rose by 17,000 to a seasonally adjusted 474,000, the Labor Department said Thursday. That was above analysts’ expectations of 460,000 new claims… The number of …

Tags: Bankruptcy Labor Department Recession Unemployment United States

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 …

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

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  …

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