In July of 2010, the U.S. Bankruptcy Court for Arizona ordered the sale of a debtor’s limited partnership interest in an Arizona limited partnership in disregard of Arizona Revised Statues Section 29-655. This Arizona statute that says that the sole remedy of a creditor who gets a judgment against a partner of [...]
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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 [...] 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, [...] 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 [...] 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 [...] |
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