View this interesting interview of Harvard’s Elizabeth Warren on Dateline NBC where Ms. Warren explains how credit card companies make a large portion of their profit–even from cardholders who default on their agreements.
March 2009
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R. Michael Bolen, the U.S. Trustee for Region 5, has announced that debtors filing for bankruptcy in the Eastern District of Louisiana must begin to take Credit Counseling and Debtor Education beginning on September 16, 2009. The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) required all debtors to take credit counseling before [...]
Massachusetts Bankruptcy Judge Hillman recently held in the case of In re Kucera, 2009 WL 691000 (Bankr.D.Mass., Mar 12, 2009) (NO. 08-17304-WCH) that a Chapter 13 debtor could not deduct a payment for an involuntary lien on his means test. The lien in the case had arisen from a pre-petition writ of attachment issued by [...]
In August, 2007, Sunwest Management, America’s fourth-largest for-profit provider of assisted living facilities for seniors, announced that ten of its 275 facilities, two in Oregon and eight in the South, had filed for Chapter 11 bankruptcy. Since then, the overall financial health of the company has continued to deteriorate, revealing many weaknesses in its corporate [...]
While you are in Chapter 13 you are prohibited from selling or otherwise disposing of property without court approval, and you’re also prohibited from borrowing money (other than in the ordinary course of business) while you are in Chapter 13. You are also required to get court approval if you settle a lawsuit or worker’s [...]
