Category Archives: Bankruptcy

Can My Employer Fire Me Because I Filed For Bankruptcy?

Can you be fired because you filed for bankruptcy? The simple answer is no, you cannot be fired, or for that matter refused employment because you filed for bankruptcy. 11 U.S.C.A § 525(b) of the Bankruptcy Code provides that, “No private employer may … Continue reading

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What Is A Chapter 20 Bankruptcy?

What is a Chapter 20 bankruptcy? The fact is there is no Chapter 20 of the Bankruptcy Code. Chapter 20 is an expression used by attorneys to describe a situation where a Chapter 7 bankruptcy is filed for a debtor … Continue reading

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They Went Broke Too! “Real Housewives of New Jersey” star Teresa Giudice. UPDATE!

The Trustee for the bankruptcy filed by “Real Housewives of New Jersey” star Teresa Giudice has scheduled an auction of the couples non-exempt belongs to occur on August 22, 2010. To encourage only legitimate buyers, a $300.00 deposit is required … Continue reading

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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

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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

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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

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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

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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

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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

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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

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