5 Signs You Should Be Thinking About Filing for Bankruptcy
Bankruptcy isn’t the right choice for everyone. Often, credit card debt and medical bills are temporary debts that will be repaid and forgotten in a matter of months. These debts might be stressful, but they aren’t overwhelming. In these cases, filing for bankruptcy isn’t necessary or appropriate to solve your financial circumstances. Yet, there are…
Read MoreHow Can NYC Bankruptcy Lead to a Stronger Financial Future?
Most conversations about NYC bankruptcy occur in a negative context. It’s complicated and requires a debtor to follow strenuous procedures. Filing for NYC bankruptcy has repercussions for your credit score and borrowing capabilities. Bankruptcy can even feel like a financial failure. Yet, an NYC bankruptcy lawyer also sees the opportunity that comes after the bankruptcy…
Read MoreThe Sears Bankruptcy: The demise of an iconic American brand
It is no longer news that one of America’s most iconic retail brands, a trailblazer which bestrode America’s retail space for several decades is locked in a desperate struggle for its very existence. Sears, Roebuck and Company (“Sears”) the Illinois – based retail giant founded 126 years ago in 1892, filed for Chapter 11 bankruptcy…
Read MoreFraud, Bankruptcy Courts and the Rooker-Feldman/Res Judicata doctrines
A very interesting judgment was recently handed down by the United States Bankruptcy Court for the Southern district of New York. This judgment examined and pronounced upon the effects (in Federal Court) of fraud on the application of Res Judicata/Rooker-Feldman Doctrine. Brief Background In this case, the debtor Frank Petrelli approached the Court to challenge…
Read MoreKANSAS BANKRUPTCY COURT DELIVERS GROUNDBREAKING JUDGMENT ON STUDENT DEBT RELIEF.
In Sept 2018, a very interesting decision was handed down by the US Bankruptcy Court for the District of Kansas. This judgment established the precedent that a student loan may be discharged in bankruptcy upon certain considerations. Brief Facts Vicki Metz borrowed $16,613.73 between 1989 – 1991 in order to enable her pay for her…
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