Tag Archives: new orleans bankruptcy attorney

Can An Emergency Bankruptcy Be Filed To Stop A Foreclosure?

Posted on August 4, 2010 by Kevin Gipson, Attorney at Law

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!

Posted on July 15, 2010 by Kevin Gipson, Attorney at Law

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.

Posted on June 7, 2010 by Kevin Gipson, Attorney at Law

“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.

Posted on May 30, 2010 by Kevin Gipson, Attorney at Law

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.

Posted on March 22, 2010 by Kevin Gipson, Attorney at Law

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?

Posted on March 19, 2010 by Kevin Gipson, Attorney at Law

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?

Posted on February 27, 2010 by Kevin Gipson, Attorney at Law

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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They Went Broke Too! Former Detroit Lions Defensive Lineman Luther Elliss

Posted on January 24, 2010 by Kevin Gipson, Attorney at Law

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 →

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Myth No. 9: If You Own A Home You Must Give Up Your Home If You File For Bankruptcy.

Posted on December 13, 2009 by Kevin Gipson, Attorney at Law

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 →

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Myth No. 8: You Can Never Own A Home If You Have Filed For Bankruptcy

Posted on November 21, 2009 by Kevin Gipson, Attorney at Law

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 →

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