Law.com: “A former law student has won a bid in bankruptcy court to discharge nearly $340,000 in education debt because her diagnosis of Asperger Syndrome rendered her unable to repay the loans.
The U.S. Bankruptcy Court for the District of Maryland on May 17 found that Carol Todd, who attended the [...]
Arizona Republic: “A judge has approved the bankruptcy reorganization plan for a group of car washes, restaurants, gas stations and convenience stores owned by Scottsdale-based Danny’s Family Cos., and for its founder and CEO, Daniel ‘Danny’ Hendon. According to documents filed in U.S. Bankruptcy Court for the District of Arizona, Judge Eileen Hollowell [...]
The Sun News: “Harry Pavilack – the Myrtle Beach lawyer perhaps best-known for his television commercials and billboards urging potential clients to ‘Call Pavilack Today!’ – is $72.5 million in debt and is facing allegations in bankruptcy court that he could be hoarding cash and hiding assets from creditors, court records show.”
Arizona Republic: “Bankruptcy doesn’t always work as advertised. For starters, not all debts – including student loans, some tax liabilities and child-support obligations – can easily be shed, if at all. Also, not all applicants can qualify for the type of filing they want, such as debtor-friendly Chapter 7 plans that are restricted [...]
Bloomberg: “Lehman Brothers Holdings Inc., the investment bank liquidating in bankruptcy, paid its lawyers and other advisers $641.9 million in 16 months since September 2008 . . . .” Quite a gravy train for the law firms representing the bankrupt debtor. Fifteen law firms have charged Lehman $310,791,000 since September 15, 2008, the [...]
In this video, U.S. Bankruptcy Court Judge Eileen W. Hollowell discusses the issues and choices available to debtors in bankruptcy with respect to debts secured by loans on motor vehicles and homes, including the pros and cons of redemption and reaffirming a secured debt.
Arizona BankruptcyAttorney Blog: “Well, you can’t. It’s absolutely impossible. Except when you can. I’m going to write about this topic and start with the very smallest and simplest business, and work up to more complex and larger businesses. Our first example in this topic area is the haircutter/dog groomer. Same business, different species. [...]
Arizona Republic: “Is a bankruptcy filing in your future? Hopefully the answer is no, but the pressures from a weak economy are pushing more Arizonans over the edge. The number of people seeking relief from creditors continues to escalate. If there’s truth to the saying that misery loves company, it’s showing up in [...]