Normally, one would have to pay taxes anytime a past debt is forgiven in an amount that is over $600. However, there is a special exemption that exists that keeps people from paying taxes when the debt forgiven is related to losing their home. There are several common misconceptions that are good for everyone to [...]
With 15 million people jobless and about one in four homeowners underwater on their mortgages, many people have learned that charging today on the belief that they can pay tomorrow is a dangerous trap. For the first time since the Depression, the economy has pushed people who never would have dreamed of bankruptcy to ask [...]
U.S. consumer bankruptcies are trending UPWARDS-big time!!!, 1.6 million filings estimated to come by the end of 2010. That puts bankruptcy filings at their highest level since 2005, according to the American Bankruptcy Institute In 2005 Congress sought to limit bankruptcies through the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA). But [...]
My name is Matthew T. Desrochers and I am a practicing bankruptcy attorney. I often find myself advising clients not to do things they were planning on doing before they came in to see me. After all, that’s why they are in my office, to get advice on how to handle their debt issues. Some [...]
f you are planning to file bankruptcy, Massachusetts Bankruptcy lawyers can help you to have the best possible results. Although it sometimes gets a bad name, bankruptcy exists to protect individuals as well as businesses who have had the unexpected happen. A Massachusetts bankruptcy attorney understands the laws and will fight to get the best [...]
Current Bankruptcy law prevents debtors/clients from discharging any student loans except in cases of EXTREME hardship. Well things are changing! Democrats Introduce Legislation to Make Private Student Loans Dischargeable in Bankruptcy Democratic lawmakers introduced legislation yesterday that would allow private student loan borrowers to once again discharge their private student loans in bankruptcy. Since 2005, [...]
Historically, state bankruptcy law supplied the property exemptions accessible to those seeking bankruptcy protection. Even so, the personal bankruptcy code now enables states to choose between the federal exemptions offered inside the bankruptcy code or the exemptions offered in state law. In Massachusetts you can choose between using the Federal Bankruptcy Exemptions or the Massachusetts [...]
 Boston Globe |
Tribune Co. gets go-ahead to pursue bankruptcy reorganization plan
Chicago Tribune … its key creditor constituencies, Chicago-based Tribune Co. took one step forward and another one back at a hearing before a US bankruptcy judge Tuesday. … Judge affirms Tribune's exclusive right to pursue bankruptcy plan Lendors Express Problems in Tribune's Bankruptcy Plan Tribune Co. files bankruptcy reorganization plan |
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Mastro gives up future protection from his creditors
Seattle Times Bankrupt Seattle real-estate magnate Michael R. Mastro has agreed to forgo any opportunity to have his massive debts wiped away by a federal bankruptcy … |
 New Zealand Herald |
Judge Rules On Trump Entertainment (TRMP) Bankruptcy
Casino Gaming Stock Pending regulatory approval Trump Entertainment Resorts (TRMP: 0.40 0.00%) its set to exit its third Bankruptcy later this year. … Trump Entertainment 4.0: Less debt, more Ivanka Trump Beats Out Icahn for Control of Casinos U.S. judge clears Trump Entertainment revamp plan |
