On November 4, 2013, our very own Bruce Levitt will be a speaker at a seminar called "Bankruptcy Basics 2013." This program is designed for lawyers who do not normally handle bankruptcy cases, including those at large firms, government agencies or attorneys...
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Month: October 2013
Even the Wealthy Face Foreclosure
Many people mistakenly believe that only "poor people" have their home foreclosed on. However, the foreclosure process affects all types of individuals and across a broad spectrum of income levels. Below are a few examples of wealthy and successful people who have...
The FBI Investigates Bankruptcy Fraud
Many individuals do not understand how serious the crime of bankruptcy fraud is, but the Federal Bureau of Investigation (FBI) takes it very seriously. Abuse of the bankruptcy system undermines the rehabilitative purposes the system was created to promote. Without a...
Divorce & Bankruptcy: What You Need to Know
Money troubles impact every area of your life. When you are struggling financially, it can be a main contributor to your divorce. In many cases, a divorce caused by money struggles leads to one of the spouse's filing for bankruptcy protection. If you believe that both...
Man Charged With Bankruptcy Fraud
Robert J. Yonkee Jr., 54, was charged in a federal court with bankruptcy fraud. He allegedly provided false information about his assets and concealed property in his Chapter 7 bankruptcy filing. Mr. Yonkee is facing severe penalties, including 5 years in prison,...
Has the ‘Fat Lady’ Sung for the New York City Opera?
Seventy years ago the New York City Opera was founded. After working to bring opera to the public, it recently was forced to filed a Chapter 11 bankruptcy case. Apparently the Opera's last-ditch effort to raise $7 million fell short. The opera company claimed it has...
Bruce Levitt Moderates & Speaks at Advanced Consumer Bankruptcy Seminar
On September 18, 2013, our very own Bruce Levitt served as a moderator and speaker at the "Advanced Consumer Bankruptcy" seminar. The focus of the seminar was to educate attorneys on ways to assist consumers struggling with paying their mortgages and daily bills. The...
Chapter 7 Bankruptcy, Secured Loans & Your Options
When you file for Chapter 7 bankruptcy, the automatic stay immediately is effective and protects you from collection activity. Many clients ask what happens to debt that is secured by collateral such as a home, vehicle, boat, motorcycle or other asset. It is important...
Yet Another Reason You Shouldn’t Loan Money to friends …
When you have a friend, family member or acquaintance that is facing serious financial struggles, it is human nature to want to help. However, if you decide to loan that person money, it is important to understand that you have two options: Consider the "loan" to be a...