What is the Best Interest in Bankruptcy?
Submitted by the Bond & Botes Law Offices - Wednesday, August 21, 2013
Best Interest is one of the factors that must be met in order to have a chapter 13 plan confirmed or approved by the Bankruptcy Judge. Best Interest test or liquidity test is found at 11 U.S.C.
Equifax Ordered by Jury to Pay $18.6 Million After Failing to Fix Oregon Woman’s Credit Report
Submitted by the Bond & Botes Law Offices - Monday, August 19, 2013
On July 26, 2013, a jury in Oregon returned a verdict on behalf of an Oregon woman, Julie Miller, against Equifax Information Services. The jury awarded Ms. Miller $180,000 in compensatory damages and $18.4 million in punitive damages. See jury verdict here. The complaint filed by Ms.
What If I Win the Lottery Before, During, or After My Bankruptcy?
Submitted by the Bond & Botes Law Offices - Monday, August 12, 2013
The odds of actually winning the lottery are, unfortunately, pretty slim! The chances, however, are greater that, after seeking bankruptcy protection, you may find yourself the recipient of some type of “windfall”.
Real Housewives of New Jersey, Teresa Giudice – Indicted in Federal Court for Bankruptcy Fraud
Submitted by the Bond & Botes Law Offices - Wednesday, August 7, 2013
One of the stars of the television show, The Real Housewives of New Jersey, was charged with bankruptcy fraud in federal court this week. In addition to being indicted for bankruptcy fraud, the couple is also charged with fraudulently obtaining loans based upon false loan applications and failing to file income tax returns.
Rapper DMX Files for Chapter 11 Bankruptcy
Submitted by the Bond & Botes Law Offices - Tuesday, August 6, 2013
In a story that is sure to be overshadowed by the recent news of Detroit going bankrupt, Earl Simmons, more popularly known as DMX, has filed for Chapter 11 bankruptcy.
What Can I Do If I am Being Sued By a Debt Collector?
Submitted by the Bond & Botes Law Offices - Monday, August 5, 2013
If you receive a summons stating that you have been sued by a debt collector or creditor, do not ignore it! You have a right to request a trial and to demand that the Plaintiff (the entity bringing the lawsuit) prove its case in court. If you do not timely file an answer to a lawsuit, then you will automatically lose under what is called a default judgment.
Detroit Files for Bankruptcy
Submitted by the Bond & Botes Law Offices - Monday, July 29, 2013
Recent news reported that the city of Detroit, Michigan has filed for bankruptcy following the approval of the filing by Michigan Governor Richard Snyder. The city has filed a case under Chapter 9 of the United States Bankruptcy Code seeking protection from creditors.
Are Co-Debtors Protected If I File For Bankruptcy?
Submitted by the Bond & Botes Law Offices - Tuesday, July 23, 2013
Federal Trade Commission (FTC) Fines Debt Collection Agency $3.2 Million
Submitted by the Bond & Botes Law Offices - Monday, July 22, 2013
On July 9, 2013, the Federal Trade Commission (FTC) fined Expert Global Solutions, the world’s largest debt collection agency, $3.2 million for violating the Fair Debt Collection Practices Act (FDCPA). The FTC’s complaint, which you can read here says that Expert Global Solutions called consumers multiple times each day, morning and night, even when consumers asked them to stop.
Can I Dismiss My Chapter 7 Bankruptcy If I Change My Mind After Filing?
Submitted by the Bond & Botes Law Offices - Thursday, July 18, 2013