Maryland Court Questions When Debts are Incurred
Admin on November 9, 2021 Posted in Bankruptcy Law, BlogPursuing Chapter 11 bankruptcy can prove to be an advantageous and appealing option for individuals as well as companies faced with a large amount of financial liabilities. Filing for Chapter 11 bankruptcy both results in the placement of a bar on any pending legal action against a company and provides businesses with the chance to […]
Second Circuit Finds Certain Student Loans Can be Discharged
Admin on September 30, 2021 Posted in Bankruptcy Law, Blog, Recent Court Decisions, Student LoansThe Second Circuit in the recent case of In Homaidan v. Sallie Mae recently held that some kinds of private student loans do not require the repayment of debts that can be categorized as an educational benefit. This decision resulted in the Second Circuit joining the Fifth Circuit and Tenth Circuit on the matter. Neither […]
Court Finds that Post-Discharge Credit Inquiries Do Not Violate Fair Credit Reporting Act
wpadmin on January 30, 2021 Posted in Bankruptcy Law, BlogThe Ninth Circuit Court of Appeals recently held that a mortgage servicer has a permissible reason for pulling consumer reports of three borrowers for whom the company had serviced two mortgages despite the borrowers’ personal liability for the mortgages being discharged in bankruptcy. More particularly, the servicer was granted the right to access the borrowers’ […]
Debt Relief Options for Small Business Owners During COVID-19 Pandemic
Admin on December 15, 2020 Posted in Blog, COVID19The new Subchapter V of Chapter 11 of legislation known as the Small Business Reorganization Act of 2019 became effective on February 19, 2020. Shortly after the act was passed, the COVID-19 pandemic began to impact the country. In recognition of the pandemic, the Coronavirus Aid Relief and Economic Security (CARES) Act was passed on […]
Nine Signs That it is Time to File for Bankruptcy
Admin on July 15, 2020 Posted in Blog, General BankruptcyFacing a large amount of debt often feels overwhelming. Beside uncertainty about how you will make your monthly payments, it is also common to feel uncertain about what your future holds. While many people think that bankruptcy can help, they are afraid of undergoing the process when they are not sure if it is the […]
Unique Issues with Disability and Bankruptcy
Admin on May 8, 2019 Posted in Bankruptcy Law, BlogThe Social Security Administration reports that there are approximately nine million individuals who receive social security disability benefits. Due to the amount of these benefits, however, it can prove challenging to pay for monthly living costs. As a result, many people supplement their disability income with credit cards, which can eventually lead to significant debt. […]
Diversifying Your Portfolio
Admin on April 26, 2018 Posted in BlogSpeak to any money manager, stockbroker, or similar professional, and they will stress the need to diversify your portfolio. The logic is simple: Do not put all your proverbial eggs into one basket. Many people, including those with significant wealth, invested heavily in “surefire” investments only to suffer serious losses when the investment did not […]
Bankruptcy and Your Credit Score
Admin on April 11, 2018 Posted in Bankruptcy Law, Blog, General BankruptcySocial research seems to point to a trend wherein people are reticent to file for bankruptcy or utilize social welfare programs. At the same time, with the emergence of the importance of maintaining a good credit score, this trend continues. The trend over the last several years has been moving away from social welfare programs […]
Criminal Restitution
Admin on November 10, 2017 Posted in BlogImagine that two people decide to join forces in a business venture. Person A, who owns a small construction firm, will join Person B, who is a wealthy investor, in trying to obtain exclusive construction contracts with various municipalities around Northern California. Both sides view this business venture as mutually beneficial. Person A will be […]
Items of Personalty
Admin on August 31, 2017 Posted in Blog, Chapter 7 BankruptcyPeople fall deep into debt for many reasons. It could be due to a loss of income, miscalculating future income, improper spending habits, or major life event. To provide a fresh start, the founding fathers created the bankruptcy clause in the Constitution. The bankruptcy concept was further developed over the years to include various chapters […]