Florida Bankruptcy Exemptions
There are several exemptions that allow Floridians to retain their homes and some property after filing for bankruptcy.
Fact-Checking Claims about Donald Trump's Four Bankruptcies
Donald Trump has, in fact, filed for Chapter 11 bankruptcy four times, partly due to circumstances beyond his control and partly due to possible mismanagement. While it is true that, at times, bankruptcy can be a wise business decision, four bankruptcies in 25 years is a lot.
Judge Questions USA Discounters' Choice of Bankruptcy Venue
USA Discounters, a company with its headquarters in Norfolk, Virginia and that is facing business litigation in Colorado, is filing for bankruptcy in Delaware. A judge ordered the company representative to appear in court to justify why a Wilmington court had been chosen for bankruptcy proceedings over "some other appropriate venue."
Proposed Bill May Help to Create Clean Financial Slate for Millions
Ohio Senator Sherrod Brown has introduced a bill that would require creditors to notify credit reporting agencies once a debt has been discharged through bankruptcy. The bill, named the Consumer Reporting Fairness Act, would help to ensure more accurate credit reports and penalize creditors that fail to report discharged debt that is no longer owed.
Famed Producer Scott Storch Files Bankruptcy for a Second Time
Popular music producer Scott Storch recently filed for Chapter 7 bankruptcy in Florida alleging that he has lost his wealth (once valued at over $70 million dollars) and has just $100 in cash remaining. This is Storch's second bankruptcy filing; in 2009, he filed for Chapter 13 bankruptcy.
Supreme Court Rules on Powers of Bankruptcy Courts
According to a recent decision by the Supreme Court, bankruptcy judges can rule on disputes outside the bankruptcy proceedings if the parties consent.
Study Shows Bankruptcy Law Reform Hurts Those Who Need It Most
The Federal Reserve Bank of New York analyzed the effects of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) and found that low-income individuals have been negatively impacted.
Ohio-Based Standard Register Company Files For Bankruptcy
Dayton-based printing and marketing company Standard Register filed for Chapter 11 bankruptcy.