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Recent Posts in Lawsuits

  • Can You Sue Over a Verbal Contract?

    Posted By admin || 1-Oct-2012

    Can You Sue Over a Verbal Contract or Agreement? The question on whether you can sue over a verbal contract or agreement comes up quite often. All you have to do is watch an episode of People's Court or Judge Judy to see that yes, you can sue over a verbal agreement. The problem is you have to prove your case which, because it's not in writing can be difficult but that doesn't mean that you can't ...
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  • Tips to Avoid Employee Lawsuits

    Posted By admin || 24-Sep-2012

    Employers dread being sued by their employees and many companies take great steps to prevent such events, but other companies don't even bother to take the smallest strides toward protecting themselves from employee lawsuits. The following tips can help you protect yourself from an employee lawsuit. Establish an Employee Handbook Create an employee handbook with a list of all of your policies and ...
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  • Car Accidents and Lawsuits

    Posted By admin || 20-Sep-2012

    Not all car accidents need to end up in lawsuits. In fact a very small number of them actually go to court and there may be even more that never get reported to either the police or insurance companies. If you're involved in a car accident it's not automatically assumed that you'll soon be involved in a lawsuit. The first thing to do if you're in an accident is to make sure you're okay. If you ...
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  • Collecting a Small Claims Judgment

    Posted By admin || 8-Jun-2012

    Collecting on a Small Claims Judgment Congratulations! You've won your small claims case, but now it's time to collect that judgment, which can be an even bigger battle. The courts typically are done once they issue a judgment, which means you've got to figure out how to collect. A local sheriff will help you collect as long as you have a court issued document that proves you won your court case. ...
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  • Civil Cases versus Criminal Lawsuits

    Posted By admin || 3-May-2012

    Civil cases are typically private disputes between two people or smaller groups of people or even a company but a criminal case is when the actions of a person or a group of people is considered to cause or have the potential to cause harm to society as a whole. A civil case can be brought in both a state or a federal court and it can involve a single person or a group of people or even a company, ...
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  • SPECIAL FEATURE: What Happens When You Lose a Debt Lawsuit?

    Posted By admin || 10-Apr-2012

    A credit card company or creditor may sue when payments on an account are no longer being paid. Winning a lawsuit against a credit card company or creditor may seem slim if evidence is provided to the judge showing you owe the credit card debt. While losing a suit isn't the end of the world, if you ignore a summons received, it may present additional financial problems. When you lose a lawsuit, a ...
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  • What You Should Know About Lawsuits and Being Sued

    Posted By admin || 9-Jan-2012

    What You Should Know About Debt Lawsuits When creditors don't receive payment for debt that is past due or accounts that are delinquent, they may look to exercise their legal options in collecting from debtors. A lawsuit may be filed against you through a small claims court or federal court, depending on how much you owe. If you have the right knowledge when it comes to defending yourself, you may ...
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  • Bank of America To Pay $108 Million To Borrowers

    Posted By admin || 28-Jun-2010

    Bank of America just agreed to a settlement with the Federal Trade Commission that will require the mortgage company to pay $108 million to 200,000 borrowers who were charged outrages fees by Countrywide Financial Corp. (now owned by Bank of America) while facing foreclosure. Countrywide hit the borrowers who were behind on their mortgages with fees of several thousand dollars at times, the FTC ...
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  • Furniture Factory Warehouse Files Chapter 11 Bankruptcy - Customers Empty Handed

    Posted By admin || 16-Jun-2010

    Home furnishings retailer Furniture Factory Warehouse, which operates 12 stores in South Texas, has filed for Chapter 11 Bankruptcy protection due to unfavorable financial conditions and a consistent decline in furniture sales. The retailer has closed all of its stores and distribution facilities pending the bankruptcy court's approval of Furniture Factory Warehouse's "Bankruptcy Going Out of ...
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  • Texas Rangers Bankruptcy Judge: "This is like one of those baseball movies..."

    Posted By admin || 15-Jun-2010

    If you thought the Texas Rangers bankruptcy drama had ended, it seems that it is just getting started. Most recently bankruptcy judge Michael Lynn quipped that " This is like one of those baseball movies where the players get stranded," after convincing Chase to keep the baseball team's credit card active while they played in Kansas City. The attorneys representing Chase and other lenders in the ...
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  • Icahn And Beal Bank Fight Bankruptcy Ruling On Trump Casinos

    Posted By admin || 14-Jun-2010

    Carl Icahn and Dallas-based Beal Bank have appealed a bankruptcy court ruling that would give ownership of the casinos to Donald Trump, his daughter, Ivanka Trump, and company bondholders. Icahn and the bank claim the bankruptcy court made several mistakes in ruling against them. The Trumps and the bondholders, led by New York-based Avenue Capital Group, offered $225 million for the company. Icahn ...
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  • Three Reasons Why Creditors Challenge A Debtor's Bankruptcy

    Posted By admin || 12-Jun-2010

    When Creditors Challenge A Bankruptcy Filing While it doesn't happen often, sometimes a creditor may challenge a debtor's Chapter 7 bankruptcy or Chapter 13 bankruptcy filing. Reasons a Creditor Might Challenge a Bankruptcy Filing Below are some of the most common reasons a creditor might challenge a bankruptcy filing: The creditor has noticed that the debtor made charges on their credit card ...
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  • What Businesses And Consumers Need To Know About The Fair Debt Collection Practices Act

    Posted By admin || 11-Jun-2010

    The Fair Debt Collection Practices Act only governs certain types of debt and does not protect businesses who owe business debt. The following are some of the requirements debts must meet in order to be governed by the Fair Debt Collection Practices Act: The debt must be a consumer debt which was incurred for personal, household or family reasons. For example, if you have a credit card and used it ...
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  • Four Things You Shouldn't Do Before Filing Bankruptcy

    Posted By admin || 8-Jun-2010

    Many debtors ask about what they should do before filing bankruptcy; but what about the things that debtors shouldn't do before filing bankruptcy? Below is a list of things debtors should avoid before filing bankruptcy: Don't raid your retirement account in an attempt to repay debtors if you are considering bankruptcy. A matter of fact, don't raid your retirement account before bankruptcy for any ...
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  • Private Student Loans, Bankruptcy And You

    Posted By admin || 6-Jun-2010

    Private student loans are a hot topic right now in the news and in the legislature. Currently, some lawmakers and consumer advocate groups are fighting to make private student loans dischargeable in bankruptcy like other unsecured consumer debt such as credit cards; but there is a lot of resistance. Right now private student loans, which are student loans issued by private banks and not the ...
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  • Examiner Will Not Be Appointed To WAMU Bankruptcy Case

    Posted By admin || 6-Jun-2010

    Bankruptcy Judge Mary Walrath ruled recently that the Washington Mutual Inc. bankruptcy will not be subjected to an investigation by an independently appointed examiner. Shareholders had requested that the bankruptcy court allow an independent examiner to investigate Washington Mutual to determine the value of outstanding legal claims against the bank. But bankruptcy judge Mary Walrath said that ...
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  • Chapter 13 Bankruptcy's Secured Debt Ceiling Determined By Collateral's Value

    Posted By admin || 5-Jun-2010

    In the Chapter 13 bankruptcy case of Brammer, William H. Jr. and Heili K.; In re, the bankruptcy court ruled against a bankruptcy trustee who wanted to have the debtors' case dismissed because their secured debt was above Chapter 13 bankruptcy's debt ceiling. The details of the bankruptcy case: The Chapter 13 debtors disclosed no unse­cured debt and secured debt of $219,647 secured by collater­al ...
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  • What Credit Card Debtors Should Know About The Statute Of Limitations

    Posted By admin || 2-Jun-2010

    Credit Card lenders and their debt collectors have a limited amount of time to sue debtors for failing to repay credit card debt. In the state of Texas, the statute of limitations for open ended type debts such as a credit card is four years. A debt collector pursuing a debtor for payment on a credit card debt is prohibited from filing a lawsuit against that debtor after the statute of limitations ...
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  • Three Reasons Why Waiting For Debts To Disappear Is A Bad Financial Strategy

    Posted By admin || 1-Jun-2010

    It can happen to the best of us-we lose a job, fall on hard times and our bills go unpaid. But many of us opt to simply ignore our debts instead of coming up with a plan to either repay them or make them go away legally. Many of us mistakenly believe that debts will just go away after a lot of time; but this proves a bad strategy especially during a recession. Here's why: Creditors never forget. ...
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  • Bankruptcy Court Rules That Debtors Did Not Abandon Their Home

    Posted By admin || 31-May-2010

    In the Chapter 13 bankruptcy case of Curry, James K. and Diana M.; In re, a bankruptcy court overruled a bankruptcy trustee who tried to revoke the debtors' homestead exemption by claiming they had abandoned their home. The details of the bankruptcy case: The Chapter 13 debtors owned a home in Pleasanton, Kan., but lived in Topeka "while school is in session." Pleasanton is about 120 miles from ...
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  • Why Filing Bankruptcy Without An Attorney Could Be Costly

    Posted By admin || 29-May-2010

    Both Chapter 7 bankruptcy and Chapter 13 bankruptcy are complex legal systems that require in-depth knowledge of the law. Oftentimes, individuals attempting to file bankruptcy without the help of a bankruptcy attorney make mistakes that can cause them to have their case dismissed or even land them in prison (in the case of bankruptcy fraud). When a debtor files bankruptcy without the help of an ...
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  • Bankruptcy Offers Limited Automatic Stay Protection For Co-Signers

    Posted By admin || 29-May-2010

    Do you have debt that has been co-signed by a relative or friend? Well if you file for bankruptcy, there is some limited protection for that co-signer through the automatic stay; but it is only temporary. Debtors who file for Chapter 7 bankruptcy or Chapter 13 bankruptcy enjoy the full protection of the automatic stay during bankruptcy and cannot be pursued by creditors for the repayment of a debt ...
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  • Homeowner Association Foreclosures Becoming More Common In Texas

    Posted By admin || 25-May-2010

    The number of foreclosures filed by homeowner associations (HOAs) and home equity lenders has risen dramatically this year. Already 350 Dallas-Fort Worth area homes are facing foreclosure sale in May because the owners owe money to homeowners associations or home equity lenders. "Especially from the homeowners associations, we have seen significant increases in postings," said Roddy, whose firm ...
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  • Bankruptcy Court Finds Creditors To Be In Contempt For Violating Discharge

    Posted By admin || 21-May-2010

    In the bankruptcy case of Jarvar, Stanley E. and Barbara J.; In re (Jarvar v. Title Cash of Montana Inc., et al.), the bankruptcy court found Title Cash (the creditors) to be in civil contempt for violating the bankruptcy discharge. The details of the bankruptcy case: The debtor filed for Chapter 13 relief on Nov. 23, 2001. On March 29, 2002, Title Cash filed proofs of claim for two secured ...
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  • Failure To Follow Proper Bankruptcy Procedures Can Be Costly

    Posted By admin || 19-May-2010

    In the Chapter 13 bankruptcy case of Wilson, David M. and Jamie M.; In re, the bankruptcy court denied the debtors' objection to a creditor's proof of claim and the bankruptcy plan was not confirmed. The details of the bankruptcy case: The Chapter 13 debtors said that there were two claims secured by their home. Although the debtors' schedules identified neither debt as being contingent, ...
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  • A Cautionary Tale For Potential Real Estate Buyers

    Posted By admin || 19-May-2010

    In the bankruptcy case of O'Brien, Patrick S. and Denise L.; In re (Jensen v. O'Brien) , a land buyer may lose his investment because of failing to practice due diligence before buying the land. The details of the bankruptcy case: The plaintiff agreed to buy real estate that the debtors listed for sale on the Web site craigslist. The court described the transaction as being unorthodox. It was ...
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  • Using Bankruptcy To Avoid Child Support Prohibited

    Posted By admin || 18-May-2010

    In the bankruptcy case of Larsen, David M.; In re, the bankruptcy court refused to redirect the debtor's funds held by a state court for the support of the debtor's minor children to other creditors. The details of the bankruptcy case: The debtor's former wife filed for divorce in 1999. During those proceedings, the debtor transferred mari­tal assets into the Magnum Opus trust of which he was the ...
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  • States Can File Objection To Bankruptcy Plan On Behalf Of Domestic Support Claimant

    Posted By admin || 17-May-2010

    In the Chapter 13 bankruptcy case of Trupp, Douglas; In re, the bankruptcy court partially sustained an objection to the confirmation of a debtor's Chapter 13 bankruptcy plan. The details of the bankruptcy case: In the debtor's Chapter 13 case, the Arizona Department of Economic Security filed a priority claim in the amount of $106,607 for a prepetition child support arrear­age. The claim listed ...
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  • Should My Business File Chapter 7 Bankruptcy?

    Posted By admin || 11-May-2010

    While individual debtors have the right to file Chapter 7, Chapter 11 or Chapter 13 bankruptcy, corporations and LLC's only have the right to file Chapter 11 bankruptcy or Chapter 7 bankruptcy. While we often hear of companies filing Chapter 11 bankruptcy, we don't often get to see the inner workings of a corporate Chapter 7 bankruptcy aka liquidation. But many business owners often consider ...
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  • Debtors May Not Unfairly Favor Student Loan Creditors During Bankruptcy

    Posted By admin || 10-May-2010

    In the Chapter 13 bankruptcy case of Parrott, Gregory S. and Karen S.; In re, the bankruptcy court refused to confirm the debtors' repayment plan saying that the debtors unfairly treated the student loans as long-term debt to the detriment of unsecured creditors. The details of the bankruptcy case: The Chapter 13 debtors' plan proposed to bring payments on two student loans current while ...
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  • Court Rules Punitive Damages and Damages Awarded For Fraud Not Dischargeable In Bankruptcy

    Posted By admin || 10-May-2010

    In the bankruptcy case of George, Brian K. and Olga; In re (Hogan v. George) , the bankruptcy court ruled that damages awarded for fraud and punitive damages were excepted from bankruptcy discharge while damages awarded for negligent misrepresentation and breach of contract were not excepted from bankruptcy discharge. The details of the bankruptcy case: The plaintiffs sued the debtors in Colorado ...
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  • Chapter 13 Bankruptcy And Student Loan Discharge

    Posted By admin || 9-May-2010

    In the Chapter 13 bankruptcy case of Cassim, Jennifer D.; In re (Cassim v. Edu­cational Credit Management Corp.) , the 6th U.S. Circuit Court of Appeals ruled that a Chapter 13 bankruptcy debtor did not need to wait until the end of the case to ask the bankruptcy court to determine whether their student loans would be discharged. The debtor filed for Chapter 13 relief on April 11, 2007. She was ...
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  • The 6th Circuit Court Rules In Favor Of Debt Collector

    Posted By admin || 9-May-2010

    In the bankruptcy case of Wingerter, Gerald and Janet G.; In re (B-Line LLC v. Wingerter) , the 6 th Circuit Court ruled that Rule 9011 does not impose a continuing obligation on a creditor to obtain more information or revaluate its position as the case develops and that the bankruptcy court erred when it sanctioned the creditor, B-Line. The details of the bankruptcy case: B-Line LLC, a business ...
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  • Tribune's Creditors Complain Bankruptcy Court Gives Them Little Time To Object

    Posted By admin || 8-May-2010

    After the Tribune Company filed its fifth request for an extension to file a bankruptcy reorganization plan without interference, some of the company's biggest creditors complained that it was unfair to be given only three business days to object to the company's extension request. Citing "serious concerns" about the extension, the lenders said Tribune was trying to force them to "shoot in the ...
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  • Creditor Must Provide Solid Evidence When Accusing Debtors Of Malicious Acts

    Posted By admin || 4-May-2010

    In the bankruptcy case of Powell, James D. and Betty J., In re (Ameri­can Bank of Commerce v. Powell) , the bankruptcy court ruled against the creditor who accused the debtor of willfully and maliciously causing injury. The details of the bankruptcy case: The elderly debtor kept "pasture cattle" on 20 leases that included properties with rivers and heavy mesquite growth. The debtor maintained his ...
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  • Court Finds That Bank of America Willfully Violated Debtors' Bankruptcy Discharge

    Posted By admin || 2-May-2010

    In the Chapter 7 bankruptcy case of McClure, Danny J. and Kimberly D.; In re (McClure v. Bank of America, et al.) , the bankruptcy court found that the creditor Bank of America (BoA) and the collection agency willfully violated the discharge injunction and awarded the debtors $2,500 in compensatory damages and $79,839 in attorney's fees. The details of the bankruptcy case: When the debtors filed ...
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  • Yale University Must Return Millions To Bankruptcy Court

    Posted By admin || 29-Apr-2010

    Yale University is being sued by the court-appointed official in charge of winding down the bankruptcy case of BearingPoint Inc. The lawsuit seeks to recover $6 million the consulting firm paid to Yale University to endow a chair in management and name facilities at the university. The donations were part of a $30 million, seven-year deal between BearingPoint and Yale's School of Management. The ...
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  • Auto Tycoon Faces Bankruptcy Fraud Charges And Fails To Pay Attorneys

    Posted By admin || 26-Apr-2010

    Former auto tycoon Denny Hecker is facing a slew of criminal charges and the possibility of losing his defense attorneys. Hecker has been charged with 10 counts of bankruptcy fraud, eight counts of wire fraud and one count of money laundering. The bankruptcy fraud charges accuse Hecker of failing to disclose numerous assets on his bankruptcy filings, and of fraudulently transferring or concealing ...
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  • Strange Case Where Bankruptcy Can Help a Prisoner Remove Years from his Sentence

    Posted By admin || 25-Mar-2010

    Michael Lee Wilson could have 10 years removed from his 20 year sentence if his bankruptcy comes up with $2 million for his victims. Back in October, Michael Lee Wilson Pleaded guilty to 59 felony counts of grand theft, because he had been scamming people through his mortgage company, Pacific Coast Mortgage, for several years. He was originally arrestede in July and charged with 147 counts of some ...
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  • Debtor Loses In Fight Over Missing Mortgage Documents

    Posted By admin || 3-Mar-2010

    In the bankruptcy case DiMare, Donna M.; In re (DiMare v. Ameriquest Mortgage Co., et al.) , the debtor filed Chapter 13 bankruptcy and sued their original mortgage lender under the Truth In Lending Act. The bankruptcy court sided with the lender and issued a summary judgment in the lender's favor. The details of the bankruptcy case and lawsuit: On Feb. 20, 2004, the debtor refinanced the mortgage ...
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  • Auto Dealership Mogul Denny Hecker Faces Bankruptcy Fraud Charges

    Posted By admin || 2-Feb-2010

    Auto dealership mogul Denny Hecker has been sued by bankruptcy trustee Randy Seaver who accuses Hecker of lying, fraud and scheming to conceal cars, cash, property and other assets from the bankruptcy court. If Seaver has his way, Hecker won't be allowed to use the protection of bankruptcy court to shield assets and escape the $767 million in debts he has amassed to scores of banks, casinos and ...
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  • Debt Collection Company Accepts $2.55 Million Judgment

    Posted By admin || 17-Nov-2009

    According to an article in the Star-Telegram, American Corrective Counseling Services, a debt collection company has agreed to a $2.55 million judgment to settle a lawsuit brought by thousands of debtors who claimed they were wrongly led to believe they had to pay costly fees to avoid criminal charges for bouncing checks. The article said: "The company sent out letters as recently as last winter ...
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  • Bankruptcy Judge Approves Settlement For Labor Dispute

    Posted By admin || 13-Oct-2009

    According to an article in the Associated Press, the nation's largest construction subcontractor, Building Materials Holding Corp., will pay nearly $475,000 to a group of construction workers under a legal settlement approved by the bankruptcy judge overseeing the company's Chapter 11 proceedings. The article said: "The lawsuit accused the company and its subsidiaries, including San ...
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  • Bankruptcy Court Denies Bank's Motion For Entry Of A Final Judgment

    Posted By admin || 15-Sep-2009

    In the bankruptcy case of de la Fuente, Antoinette and Lenord; In re (De la Fuente v. Wells Fargo Bank ) , the bankruptcy court denied the lender's motion for entry of a final judgment. The details of the bankruptcy case: When Wells Fargo Bank imposed fees on the Chapter 13 debtors' account, the debtors accused the bank of violating the automatic stay and bankruptcy confirmation order. The ...
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  • Bankruptcy Court Allows Debtor to Reduce Car Loan

    Posted By admin || 31-Aug-2009

    In the bankruptcy case of (Martinez, Erasmo; In re, (Bankr. S.D.N.Y. 2009)) the bankruptcy court ruled that the Chapter 13 bankruptcy debtor could reduce the amount of a claim secured by an automobile purchased more than 910 days before filing bankruptcy. The details of the bankruptcy case: The Chapter 13 bankruptcy debtor proposed a plan that crammed down (reduced) a claim secured by an ...
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  • Debtor Alert: "Credit Counseling" Deception

    Posted By admin || 28-Aug-2009

    According to an article at KFoxTV, credit counseling/debt settlement companies are using deceptive practices to con credit card consumers by giving the impression that they are calling from a credit card company and offering "lower credit card interest rates." The article said: "Vasquez has received a number of calls on his cell phone playing recordings that claimed to be from his credit card ...
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  • Bankruptcy Court Splits Joint Income Tax Refund

    Posted By admin || 27-Aug-2009

    In the Chapter 13 bankruptcy case of (Halverson, Michael; In re), the bankruptcy court ruled that the Chapter 13 debtor's bankruptcy estate was entitled to half of the joint income tax refunds received by the debtor and his nonfiling wife. The details of the bankruptcy case: "The Massachusetts Department of Revenue (MDOR) filed a proof of claim in the amount of $64,172 including $14,936 for joint ...
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  • Congress Passes Anti-Foreclosure Bill

    Posted By admin || 26-Aug-2009

    According to an article from the Associated Press, Congress sent legislation to the President earlier this week that would encourage lenders to save homeowners from foreclosure. The lending industry helped block an earlier, tougher measure that would have required lenders to reduce monthly payments for those homeowners going through bankruptcy. Support for the new legislation was widespread in ...
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  • Altered Mortgage Document Ruled Invalid by Bankruptcy Court

    Posted By admin || 26-Aug-2009

    In the bankruptcy case of Kurak, Debra A.; In re (Agin, Trustee, v. South Point Inc.), a mortgage was ruled invalid by the bankruptcy court because it was materially altered prior to the filing. The details of the bankruptcy case: "The Chapter 7 debtor scheduled an interest in real property that was subject to a lien for which she had no contractual liability. The lienholder filed a motion ...
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  • Forging Bankruptcy Papers Could Land You in Jail

    Posted By admin || 22-Aug-2009

    We've talked a lot about fraud and bankruptcy and how it could jeopardize a debtor's bankruptcy case; but some debtors have taken their fraud attempts one step further. In a suburb of Pittsburgh, Pa, a debtor desperate to keep the electricity on her home, forged a bankruptcy notice and sent it to the electric company. The details of the case: D. Hunt, was facing a $1,500 electricity bill and ...
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  • Lenders to Take Over Delphi's Helm

    Posted By admin || 21-Aug-2009

    Things may be looking up for Delphi Corp., which recently announced a deal reached with a group of lenders who made a successful bid to take over control of the bankrupt auto parts supplier. The Troy, Michigan-based company, which split off from General Motors in 1999, supplies mobile electronics and transportation systems, including power train, safety, steering, thermal and security systems. The ...
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  • Can a Non-Citizen File for Bankruptcy?

    Posted By admin || 20-Aug-2009

    I Am Not An American Citizen, Can I File Bankruptcy? A noncitizen of the United States may be able to file for bankruptcy in America. Noncitizens of the United States often have the same question when considering bankruptcy. You can probably guess what it is, but for the sake of ease, here it is: Can I file for bankruptcy if I am not an American citizen? Yes, You Can File For Bankruptcy The good ...
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  • Dissolution of Company Ruled as Malicious

    Posted By admin || 19-Aug-2009

    In the bankruptcy case of (Blackburn, Richard and Victoria; In re (Muscarello v. Blackburn)), the bankruptcy court ruled that the plaintiff's claims could not be discharged in bankruptcy. The details of the bankruptcy case: The debtor-husband formed a consulting company after being laid off from his job as a senior health care consultant at CNA Insurance. The plaintiff purchased an interest in the ...
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  • AMEX and Discover Kill Over-the-Limit Fees

    Posted By admin || 18-Aug-2009

    According to an article in the Star-Telegram, American Express and Discover credit card companies plan to eliminate their over-the-limit fees. The article said: "The two companies said separately Tuesday they will soon end the charges that have generated widespread criticism from consumers. The moves come before credit card regulations set to take effect in February limit the way credit card ...
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  • Bankruptcy Newsroom: Southwest Hopes to Acquire Bankruptcy Rival, Frontier Airlines

    Posted By admin || 18-Aug-2009

    The Dallas Morning News ran an article stating that Southwest Airlines Co. will bid $113.6 million to buy Frontier Airlines Holdings Inc., a rival airline known for its low costs and low fares that is now operating in bankruptcy. According to Southwest officials, they're taking advantage of a good opportunity to grow by actively courting the Denver-based carrier. "We are excited about the ...
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  • Undisclosed Fees and Charges Lands Mortgage Servicer in Trouble

    Posted By admin || 17-Aug-2009

    In the bankruptcy case of (Moffitt, Donald E. and Phyllis J.; In re (Mof¬fitt v. America's Servicing Co.)), the bankruptcy court allowed the debtor to file a claim against a mortgage servicer because of undisclosed fees and charges. The details of the bankruptcy case: In this Chapter 13 bankruptcy case the debtor's bankruptcy plan included measures to repay back mortgage payments over the life of ...
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  • Chapter 7 Bankruptcy Debtor Allowed to File Complaint Against Amway

    Posted By admin || 9-Aug-2009

    In the bankruptcy case of Morrison, F. Joseph; In re (Morrison v. Amway Corp, a Chapter 7 bankruptcy debtor is allowed to file compliant against Amway during his case despite Amway's motion to dismiss the complaint. The details of the bankruptcy case: "The Chapter 7 debtor was a former dis¬tributor for the Amway Corporation. In 1998, he sued Amway alleging that it was improperly calculating ...
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  • Federal Task Force to Fight Foreclosure Fraud

    Posted By admin || 5-Aug-2009

    According to an article in the Star-Telegram, Federal authorities are creating a foreclosure fraud task force to investigate scams that continue to contribute to the economic crisis and the growing tide of foreclosures. The article said: "The task force will focus on "foreclosure rescue" schemes and "short sale" schemes. Foreclosure rescue schemes prey on desperate homeowners by persuading them to ...
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  • Bounced Checks Can Land You In Jail

    Posted By admin || 4-Aug-2009

    Times are rough out there and many Texans are facing tough choices as they face foreclosure and job losses. Unemployed/underemployed and low on savings, some unscrupulous Texans are choosing to bounce checks to pay their rent/mortgage, utilities or to just put food on the table. Many don't set out to bounce a check, they figure they can write the check and will have enough time to deposit money in ...
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  • FHA Homeowners Will Qualify for Loan Modification

    Posted By admin || 3-Aug-2009

    According to an article in the Star-Telegram, homeowners facing foreclosure who have loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's "Making Home Affordable" foreclosure prevention program. The article said: "Effective Aug. 15, financially troubled homeowners who have an FHA-insured loan can apply for a modification ...
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  • Golden Corral Files Bankruptcy to Avoid Judgment Payout

    Posted By admin || 1-Aug-2009

    According to an article in the Dallas Morning News, Guillermo Perales placed four of his companies into Chapter 11 bankruptcy in an effort to avoid a $1 million judgment payout. The article said: "Rukavina said the bankruptcy stemmed from an assault of a female employee in 2004 in a Burger King outlet owned by a separate Perales company. In 2007, a jury found in favor of the employee, Rukavina ...
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  • Things You Need When Filing Bankruptcy

    Posted By admin || 25-Jul-2009

    For debtors considering bankruptcy, there are a few things you should bring with you to your initial bankruptcy consultation. #1 - Proof of income. If you are an employee, make sure you have your most recent paychecks and your spouse's most recent paychecks if you're married. If you're self-employed, you will need to provide proof of income using bank statements, tax returns, financial statements ...
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  • Texans Go Without Healthcare Risking Their Lives and Finances

    Posted By admin || 23-Jul-2009

    According to an article in the Star-Telegram, an estimated 5,550 Texans are losing their health coverage each week as the number of job losses increase and the cost of healthcare rises, making many Texans vulnerable physically and financially. The article said: "Rising like a deadly tide, escalating health care costs will have caused 866,580 Texans to lose their health coverage between January ...
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  • Debt Settlement Companies Face Lawsuit

    Posted By admin || 21-May-2009

    According to an article in the Dallas Morning News Attorney General Greg Abbott filed a lawsuit against two Dallas-area debt settlement companies and two out-of-state firms this week, accusing them of orchestrating fraudulent debt settlement schemes. The article said: According to the state's lawsuits, the defendants unlawfully misrepresented and overstated the nature of their services...Court ...
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  • Car Accidents and Bankruptcy

    Posted By admin || 17-Dec-2008

    Liability car insurance is suppose to cover an "at fault driver" in the case of a car accident. But what happens when one party sues another for an amount that is above and beyond the coverage provided by the car insurance company. For example, what if you are sued for $1 million dollars in car accident lawsuit? Well, most times the insurance company will settle with the plaintiff in the lawsuit ...
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  • Bankruptcy Judge Orders Creditor To Payback Money

    Posted By admin || 8-Oct-2008

    Pet food shop owner Mark Poveromo was ordered by a Connecticut bankruptcy judge to repay money collected in a judgment against construction company owner Mark R. Koch. In 2006, Poveromo hired Mark R. Koch to construct a building for his pet food business for $80,000. Poveromo paid $39,500 up front, but Koch never did any work, according to court documents. Poveromo filed a criminal complaint, and ...
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