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Author Archives: Kevin Gipson, Attorney at Law
Can An Emergency Bankruptcy Be Filed To Stop A Foreclosure?
An emergency bankruptcy (sometimes referred to as a skeleton bankruptcy) can be filed to stop a foreclosure, however it is not a good idea to wait to the last minute to stop a foreclosure for a number of reasons. First, the changes … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Bankruptcy Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, BAPCPA, credit counseling, dismissal, emergency, foreclosure, Kevin Gipson, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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More Than 1 Million Homeowners Are Expected To Lose Homes To Foreclosure In 2010!
The Associated Press is reporting today that more than 1 million American homeowners are likely to lose their homes to foreclosure this year. RealtyTrac Inc., a foreclosure listing service, reports that nearly 528,000 homes were taken over by lenders in … Continue reading
Posted in Bankruptcy
Tagged Associated Press, foreclosure, Kevin Gipson, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, RealtyTrac, repossession
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They Went Broke Too! “Real Housewives of New Jersey” star Teresa Giudice.
“Real Housewives of New Jersey” reality TV starTeresa Giudice and her husband have filed for Chapter 7 bankruptcy. The Chapter 7 bankruptcy has been filed in the United States Bankruptcy Court for the District of New Jersey. The bankruptcy filing shows that Teresa … Continue reading
They Went Broke Too! Former Boston Celtics and Miami Heat Forward Antoine Walker.
Former National Basketball Association star Antoine Walker has filed for Chapter 7 protection in the U.S. Bankruptcy Court in Miami. Walker’s filing indicates he has $12.7 million in debt and $4.3 million in assets. Walker’s schedules indicate monthly living expenses for his family … Continue reading
Posted in Bankruptcy
Tagged Antoine Walker, Bankruptcy, Chapter 7, National Basketball Association, ne orleans bankruptcy lawyer; Kevin Gipson, new orleans bankruptcy attorney
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Chapter 13 Debt Limits Increase April 1, 2010.
Unlike a Chapter 7 Bankruptcy, when a person files for a Chapter 13 Bankruptcy there are caps on the amount of debt. Beginning on April 1, 2010 the debt limits for filing Chapter 13 bankruptcy are set to increase to a maximum … Continue reading
My Chapter 13 Bankruptcy Was Filed In New Orleans. Where Do I Make My Plan Payments?
When you file a Chapter 13 Bankruptcy you are required to make monthly payments to the Chapter 13 Trustee. The New Orleans Bankruptcy Court is located in the Eastern District of Louisiana. The Chapter 13 Trustee for the New Orleans Bankruptcy … Continue reading
Posted in Bankruptcy
Tagged Chapter 13, Chapter 13 Plan, Chapter 13 Trustee, Eastern District of Louisiana, Jr., ne orleans bankruptcy lawyer; Kevin Gipson, new orleans bankruptcy attorney, new orleans bankruptcy blog, S. J. Beaulieu
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Can Federal Income Taxes Be Discharged In Bankruptcy?
Whether or not income taxes can be discharged in a bankruptcy will depend upon two main factors: Whether a timely, legitimate tax return was filed; and Whether it has been more than three years since the legitimate tax return was … Continue reading
Posted in Bankruptcy
Tagged dischargeable, fraudulent, Kevin Gipson, new orleans bankruptcy attorney, new orleans bankruptcy lawyer, statute of limitations, tax debt, tax return
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They Went Broke Too! Former Detroit Lions Defensive Lineman Luther Elliss
Citing failed business ventures and poor real estate investments, former Detroit Lions defensive lineman Luther Elliss has file for bankruptcy protection. Mortgage debt and tax bills are the former Detroit Lion’s primary liabilities. Elliss filed for Chapter 7 bankruptcy protection listing … Continue reading
Posted in Uncategorized
Tagged Bankruptcy, Chapter 7, Detriot Lions, Detroit Lions, Kevin Gipson, Luther Elliss, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
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Myth No. 9: If You Own A Home You Must Give Up Your Home If You File For Bankruptcy.
If you already own a home you must give up your home if you file for Bankruptcy. To the contrary both Chapter 7 and Chapter 13 can be used to keep your home. Your home mortgage is a secured debt. … Continue reading
Posted in Bankruptcy
Tagged arrearage, arrears, Chapter 13, Chapter 7, debt, Kevin Gipson, mortgage, new orleans bankruptcy attorney, Plan
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Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy
You can never own a home if you have filed for Bankruptcy. False. To the contrary, assuming that you otherwise qualify, (Have a down payment, closing costs, a job, etc.) it is likely that you would be able to purchase a … Continue reading
Posted in Bankruptcy
Tagged Bankruptcy, Chapter 13, Chapter 13 Plan, Chapter 7, mortgage, new orleans bankruptcy attorney, new orleans bankruptcy lawyer
Comments Off on Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy