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Robert Kiyosaki “Rich Dad, Poor Dad” has filed for bankruptcy

What Every Property Investor needs to know about Finance, Tax and the Law Learn from Michael Yardney, Rolf Schaefer, Ed Chan & Rob Balanda – Australia’s leading property, finance, tax and legal...

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Nothing found for Bankruptcy Does

In a recent Chapter 7 bankruptcy in Texas, a creditor attempted to have a debtor’s bankruptcy discharge denied because they allegedly made a false oath.  The bankruptcy code describes the parameters...

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Part 1: Medical debt ruining credit scores

When it comes to this debt, while it’d be natural to assume the medical bills were for hundreds — or even thousands — of dollars worth of medical treatments, the truth is that many of the debt showing...

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'Rich Dad, Poor Dad' Author Files For Bankruptcy

For you all still believing he isn’t broke, don’t be deceived. Robert Kiyosaki has been damn broke since over 5years. Would have given details but I am quite busy now and my thumb aches. Please check...

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Chapter 13 Bankruptcy Time Bomb: Mortgage Modifications Revisited

So the foreclosure is stopped and your plan of payment has been confirmed by the Bankruptcy Court.  But those payments are huge because they are designed to reinstate your mortgage by making up all...

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O.C. bankruptcies drop 24% in August

Orange County employers have added almost 33,000 jobs in the past year, dropping the unemployment rate to 7.7 percent, according to the Employment Development Department. Orange County median home...

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Mortgage Liens Declared Invalid in Central Illinois Bankruptcy Court

Perfection of a security interest occurs when a secured creditor takes all steps necessary to protect its lien on property against other potential buyers of the property.  Perfection renders the lien...

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Online bankruptcy auctions on the rise

According to BusinessWeek, a trustee seeks to increase as much as possible the value of a bankruptcy estate by selling assets at high prices that will benefit creditors. Trustees earn commission from...

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Bankruptcy Options for Underwater Property in Jacksonville, Florida

[...] Four years later, the consequences of the subprime mortgage crisis continue as many homeowners and property investors in Florida struggle to sustain mortgage payments on underwater property....

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Chapter 11 vs. Chapter 7 or 13

[...] Chapter 11 bankruptcy is the exact opposite of a Chapter 7 action, which calls for liquidation of all assets of the debtor, the proceeds of which are then divided amongst the creditors. A company...

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Internet helping bankruptcy trustees

With modest beginnings in 2005, online sales of bankruptcy assets, deliver up to 20 percent of liquidation dollars for some auction company websites. Other sites allow users to access court bankruptcy...

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Wells Fargo sued by Justice Department for fraudulent mortgage practices

Earlier this week, the Justice Department filed a civil lawsuit against Wells Fargo seeking hundreds of millions of dollars in damages. The suit accuses the banking giant — and largest originator of...

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2011 Bankruptcy Filings Expected to Decline

The interesting part here is not the specific number of bankruptcies predicted, as the number will almost surely be off by some amount. The important part is the trend. Bankruptcies are expected to...

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Orlando Bankruptcy Attorneys Eric Lanigan and Roddy Lanigan orlando

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...

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IRS objects to Solyndra bankruptcy plan, Kaiser firm tax breaks

In its court filing on Wednesday, the IRS opposed Solyndra’s plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations – but as much as...

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Attorney for Filing Chapter 11 Bankruptcy for Illinois Sales Tax

1. All monthly billing statements and collection agency correspondence and notices received within the prior ninety (90) days for all bills (mortgage, car, credit cards, bank loans, medical, student...

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California publishes a municipal bankruptcy guide

I think this is an excellent report, but I imagine it was intended for members of the California legislature as much as city officials coping with distressed finances. There are swarms of bankruptcy...

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Moody’s: Municipal Bankruptcy Is Becoming A Popular Strategy In California

“Every city in the state is looking on with some concern,” said Dave Vossbrink, spokesman for the city of San Jose. “Governments of all kinds borrow money, usually to build infrastructure that lasts a...

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how much does it cost to file bankruptcy

1.  Legal Fees.  Attorneys charge a legal fee for their time to meet with you, review your information, provide you with advice relating to your unique situation, gather your financial information,...

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Help! I Need to File Bankruptcy But Already Did One a Few Years Ago

But Chapter 13 provides a number of other benefits distinct from the discharge of debts. For example, it stops a foreclosure and gives you years to catch up on your mortgage arrears. It also stops...

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