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Lawsuit Defendants Get Their Own "Stimulus Package"

Bankruptcy practitioners should be aware of the U.S. Supreme Court’s recent decision in Ashcroft v. Iqbal, 129 S. Ct.

6 min read


Bankruptcy Court Allows General Growth's "Bankruptcy-Remote"

In a decision made on August 11, 2009, the U.S.

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When Redemption of Consumer Goods Makes Sense in a Chapter 7?

In the previous Blog I discussed Reaffirmation, which is one of the ways for a debtor in Chapter 7 bankruptcy to keep property secured by a lien such as an automobile.  There are alternatives to reaffirmation.

6 min read

Why Some Reaffirmation Agreements Are Approved And Others Are Not?

A reaffirmation agreement is a contract that is used in a Chapter 7 Bankruptcy case that must be approved by the Bankruptcy Judge, in most cases without a court hearing.  In general, the purpose of this agreement is to agree to repay w

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MEANS TEST TWEAKED, SCORE TWO POINTS FOR THE CONSUMER

The "Means Test" became law as part of the Bankruptcy Consumer Protection Act Of 2005.  The test is mandated by the bankruptcy code including a long, vague and confusing explanation of exactly how to set up the test, which was left to the Off

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Copies Vs. Originals at Your Bankruptcy's 341 Meeting

Required by law, the first request that a trustee for a Chapter 7 or a Chapter 13 bankruptcy makes of a debtor is to see his driver's license and social security card in order to establish the identity of the debtor.  The trustee is fulfillin

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