Eric Lanigan and Roddy Lanigan of Lanigan & Lanigan, P.L., are lawyers in Winter Park, Florida, who provide legal representation to clients in Central Florida regarding bankruptcy, business and civil litigation, criminal law, foreclosure, immigration, mortgage workouts, security and investment losses to clients in Florida including Altamonte Springs, Boca Raton, Cape Canaveral, Clearwater, Cocoa Beach, Daytona Beach, Deland, Deltona, Fort Lauderdale, Fort Meyers, Gainesville, Heathrow, Jacksonville, Jupiter, Kissimmee, Lake Mary, Maitland, Melbourne, Miami, Mount Dora, Naples, New Smyrna Beach, Ocala, Orlando, Palm Beach, Sanford, St. Petersburg, Tampa, The Villages, Vero Beach, Windermere, Winter Park, Winter Springs. Eric Lanigan and Roddy Lanigan practice law in Brevard County, Flagler County, Lake County, Marion County, Orange County, Osceola County, Polk County, Seminole County, Sumter County and Volusia County.
Source: laniganpl.com
Video: Chapter 11: Bankruptcy Restructuring
Protecting your home from credit card debt
However, prior to filing for bankruptcy, debtors should continue to pay on their credit cards. Stopping payments and waiting for a repayment plan to be enacted could result in being sued by the creditor — which could result in more disastrous results, such a lien against your home or wage garnishment. Not paying on the debts takes the power out of your hands and puts you even more at the mercy of the credit card company.
Source: losangelescountybankruptcyattorneys.com
Chapter 7 Bankruptcy Iowa Provides A Fresh Start Submit Editorials
Once you file for bankruptcy, garnishments, judgments and creditor harassment will cease. In some cases, previous judgments can be released or discharged depending on your situation. To do the best job for you, your attorney must know about all outstanding debts, liens against your home, judgments and garnishments, and anything else relevant to your overall financial situation. One of the biggest mistakes an individual can make during the process is to not fully disclose their situation to their attorney. Creditors over the last several years have become more diligent, and often abusive, in their collection tactics. They must cease in contacting you once you have filed for bankruptcy.
Source: submiteditorials.com
Tax responsibility when my spouse filed Chapter 13 bankruptcy
If you did not also file bankruptcy, the answer to your question is no. Taxes that you jointly owe may be collected from either one of you and his bankruptcy only protects him from collection action while the bankruptcy automatic stay is in effect; it does not protect you.
Source: findlaw.com
The Daily Docket: Bakers Footwear Files for Chapter 11 Bankruptcy
From Dow Jones Daily Bankruptcy Review, exclusive coverage of corporate bankruptcies, companies headed for trouble and the latest trends in bankruptcy law, distressed investing and corporate restructuring. Lead writer Marie Beaudette and Daily Bankruptcy Review reporters in Washington, New York and Wilmington, Del., provide insight into the big cases, who’s next to fall and what’s making news across the bankruptcy market.
Source: wsj.com
www.sayfie.com: Consumer Bankruptcy: Basic Information
Under a chapter 13 bankruptcy filing, the debtor must promptly file a repayment plan and obtain the court’s approval of the plan. Any creditor may object to the plan. The debtor, along with the appointed trustee, must work out any objections to the plan before the court will approve it. The typical repayment period of a chapter 13 is 3 or 5 years. The debtor makes regular payments to the trustee and the trustee distributes these monies to creditors according to the terms of the plan.
Source: blogspot.com
Dynegy emerges from Chap. 11 bankruptcy protection
Dynegy, which is based in Houston, owns and operates coal and gas-fired power plants in California, Illinois, Maine, New York and Pennsylvania. It sells the power generated to local electric utilities that then deliver the power to customers. Dynegy doesn’t serve retail customers. Its emergence from bankruptcy protection is not expected to affect wholesale or retail electric rates.
Source: seattletimes.com
Bakers Footwear Files For Chapter 11 Bankruptcy With Debts Of $59.49M
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Source: martindale.com
Robert Kiyosaki, author of Rich Dad Poor Dad files for bankruptcy
The bankruptcy does not mean that Kiyosaki has gone personally bankrupt. On the contrary, he only made a business move to protect his personal and business assets outside Rich Global LLC. Companies file for bankruptcy when their liabilities are in excess of net realizable value of assets. Kiyosaki, in a business move to protect himself from the full impact of the judgment, has simply moved from doing business under the name of Rich Global LLC to doing business under the name of another company that he owns, Rich Dad Co.
Source: digitaljournal.com
Do You Need To File Personal Bankrupcy? Use These Great Tips! at Out of the Storm News
Once you have filed for bankruptcy, you will want to open a new line of credit, as soon as possible in order to start the credit repair process. This is sometimes difficult with bad credit, but secured credit cards are a viable solution. Even though these type of cards can be costly with rates alone, they are still a good option to rebuild your credit. You will be more likely to get new loans or credit facilities when you have a new credit line established.
Source: outofthestormnews.com
Regional bankruptcy filings for September show more Chapter 7 cases
The report reveals that the number of Texans filing for bankruptcy actually decreased from August to September, falling from 383 to 291. In fact, it should also be noted that bankruptcy filings were almost a third less from the same time last year when there were 422 filings in September 2011.
Source: sanantoniobankruptcylawblog.com
Quad/Graphics To Buy Vertis For $258.5 Million Amidst Bankruptcy
“Quad/Graphics believes in the power of print in today’s multichannel media world and this acquisition further strengthens our ability to help retailers and direct marketers drive meaningful business results,” Joel Quadracci, chairman, president and CEO of Quad/Graphics, says in a prepared statement. “The combination of Quad/Graphics and Vertis is a natural and strategic fit. The complementary capabilities of our two businesses in retail advertising inserts, direct marketing and in-store marketing will further strengthen and expand our offerings, and will allow us to even better serve our clients, achieve additional efficiencies and build long-term value for our shareholders. We look forward to welcoming Vertis’ clients and employees into our family.”
Source: foliomag.com