According to the Wall Street Journal, Danielle Staub, a Real Housewife of New Jersey star, has agreed to pay $35,000 to settle a fraudulent-transfer claim. Ms. Staub filed for Chapter 7 bankruptcy claiming $500,000 to $1 million in debts and the same amount in assets....
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Bankruptcy in the News
Could Our Nation Be Saved by Amending the Bankruptcy Code?
According to CNBC, there are some people who believe that if the Bankruptcy Code was amended to allow the discharge of student loans, many Americans who are struggling financially would be saved. The CNBC article reports that student loans account for approximately $1...
Recent Case Provides Hope for Discharging Student Loans
In a recent appeal before the U.S. 9th Circuit Court of Appeals, Michael Hedlund has given hope to students drowning in student loan debt. Mr. Hedlund was able to discharge (eliminate) $58,000 of his $85,000 student loan debt. Hedlund's case may be important to you...
Bankruptcy Fraud – Yes, it still happens
Most of us assume that with the strict regulations governing bankruptcy, it is unlikely that bankruptcy fraud crimes still occur. However, a Bethesda woman who pleaded guilty to using a bankruptcy scheme to defraud creditors was recently sentenced in federal court to...
Ten Brands Predicted to Disappear in 2014
We recently came across an article predicting 10 brands sold in America that will disappear before 2014. The criteria used to make the predictions are listed as: Declining sales and losses Disclosures by the parent of the brand that it might go out of business Rising...
Is the National Mortgage Settlement Agreement Working?
I recently came across a CNBC article discussing how millions of Americans have their home stuck in limbo despite government programs meant to help them. Bank regulators ordered a national review of troubled loans, only for the government to cancel the review and...
Casey Anthony’s Chapter 7 Bankruptcy
Casey Anthony filed a Chapter 7 bankruptcy case earlier this year. You probably recall that Ms. Anthony was charged with murdering her two year old daughter, Caylee. At first Anthony alleged that her daughter was kidnapped by her nanny, and then she changed her story...
Doctors Filing Bankruptcy in New Jersey
According to a recent MoneyCNN.com article, many doctors are being pushed into filing for bankruptcy protection. While many physicians are able to keep their practice going after their bankruptcy filing, for some it ends their career. According to the article , it is...