Bankruptcy Attorneys - Bankruptcy Chapter 7 - Chapter 11 Bankruptcy

Index of all Articles in the Bankruptcy Lawyer Category

What You Should Know About Bankruptcy

Filing bankruptcy is not only a last resort legal action; it is also a very complicated legal action that definitely needs the expertise of a lawyer. When thinking about bankruptcy, you first need to decide if bankruptcy is right for you. If it is, then yo
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Bankruptcy Reform

There are some new bankruptcy laws going into effect before long and many think they are much needed. Of course, that depends on which side of the bankruptcy you are a part of. Creditors are going to be the ones to benefit from the new laws, but there ma
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What is Bankruptcy?

Personal bankruptcy is a legal way to give people with overwhelming debt a fresh financial start. However, it is important to realize that certain forms of debt, such as student loans, are not forgiven through the bankruptcy process. Bankruptcy can have a
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Bankruptcy Proceedings

Bankruptcy is federal statutory law (Title 11 of the United States Code) based upon the Constitutional requirement for uniform laws on the subject of Bankruptcy throughout the United States. (Article I, Section 8). Bankruptcy proceedings are undertaken in
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Bankruptcy News and Current Events

Dewey to consider bankruptcy filing: source

NEW YORK (Reuters) - Ailing law firm Dewey & LeBoeuf is considering a bankruptcy filing as new debtholders take a more aggressive track, shifting away from earlier attempts at an out-of-court liquidation, a person familiar with the matter said on Friday. The majority of Dewey's partners have quit as a result of concerns about compensation, and $225 million in bank loans and bond debt. ...

5 Bankruptcy Myths Debunked

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's ...

French ski brand CoreUPT files for bankruptcy

French ski brand CoreUPT has filed for Chapter 11 bankruptcy. The company, which was founded by four-time freeskiing world champion Guerlain Chicherit, has until July 16 to find a new source of capital to sustain its operations. Failure to find a new investor or other source of capital by July 16 would downgrade CoreUPT's status to Chapter 7 bankruptcy, which calls for the liquidation and ...

REFILE-Dewey to consider bankruptcy filing - source

(Corrects month in which Dewey partner said no plans forbankruptcy to May from March in paragraph 13 of story publishedMay 18) * New crop of creditors pressuring Dewey to seek bankruptcy- source * Creditors ...

LightSquared Files For Bankruptcy

LightSquared filed for bankruptcy on Monday, just hours before a deal ran out that would have kept the company from defaulting on its debt.

Ally Financial's mortgage unit nears bankruptcy: sources

NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights. The board of ResCap is scheduled to meet later on Sunday and a pre-arranged bankruptcy filing, where Ally has the ...

Ex Filed Bankruptcy. What About My Motorcycle?

Should a man keep paying on his bike when his ex-wife included the loan in bankruptcy?

5 Ways to Avoid Filing for Bankruptcy

The B Word. We know what it is but don't like to say it, and we hope we never have to go through it. The mere thought of bankruptcy sends shivers down our spines and makes our bank accounts quiver in fear. It has its reputation as the ultimate nadir of personal finance.

VIDEO: Bankruptcy fears in Greek town

As the likelihood of Greece leaving the euro grows, the BBC's Tim Whewell reports from the small Greek town of Lavrion to find out what life is like when the money runs out.

Buffett tried to buy ResCap before bankruptcy: report

(Reuters) - Billionaire investor Warren Buffett sought to buy Residential Capital (ResCap) from Ally Financial before the U.S. auto and mortgage lender put its home-lending unit into bankruptcy, Bloomberg said, citing three persons familiar with the matter. The news agency said Warren Buffett, Berkshire Hathaway Inc's controlling shareholder, appointed investment manager Ted Weschler for talks ...