法律知識
DEFALCATION REQUIRES CONSCIOUS MISBEHAVIOR TO BE EXCEPTED...
Defalcation is the misuse of money held in trust by a fiduciary. A fiduciary holds money of people in their bank accounts. The money d...
3832 8/22/2013
CREDITOR MUST CLEARLY ESTABLISH LEGAL LIABILITY OF BK DEBTOR...
A creditor who claims that debt owed by bankruptcy debtor is not dischargeable must establish clearly that debtor legally owes the deb...
2188 8/6/2013
VOLUNTARY DISMISSAL OF CHAPTER 13 IS NOT ABSOLUTE
11 U.S.C. SS1307(b) states “on request of the debtor at any time, if the case has not been converted under section 706, 1112, or 1208 ...
3752 8/6/2013
ACCOUNTANT WITH MASTER’S DEGREE DENIED DISCHARGE
If you are a debtor with a master’s degree in accounting, you better make sure that your bankruptcy petition is 100% accurate on date ...
3427 8/6/2013
SUPREME COURT DISALLOWS CAR OWNERSHIP EXPENSE DEDUCTION ABSENT CAR PAYMENTS...
The U.S. Supreme court finally laid to rest last month any controversy about whether or not a debtor is allowed to deduct car ownershi...
4227 8/6/2013
CRYSTAL CATHEDRAL FILES FOR BANKRUPTCY PROTECTION
CRYSTAL CATHEDRAL, the mega-church founded by Rev. Schuller based in Garden Grove in Orange County filed for bankruptcy protection thi...
4715 8/6/2013
Loan Modification Request Not Legal Ground to Stop Motion For Relief...
Nowadays, ever since the anointed one became President and converted America into a third world country, LOAN MODIFICATION, has become...
3038 8/6/2013
Can truck qualify as homestead if you live in it?
An often repeated joke in bankruptcy involves a debtor who gives up his home but not his car. The punch line by the trustee is, “So yo...
3658 8/6/2013
BANK PRESIDENT CONVICTED OF BANKRUPTCY FRAUD
The bankruptcy petition must be as accurate as possible, otherwise, debtor may have to go to jail for bankruptcy fraud. I cannot overe...
3508 8/6/2013
MADOFF CHAPTER 7 TRUSTEE FLEXES TRUSTEE AVOIDANCE POWERS FOR $30 BILLION...
Bernard Madoff’s epic Ponzi scheme involved huge transfers of money to his clients, family and associates that may be subject to the ‘...
3078 8/6/2013
JOINT TENANCY IRRELEVANT TO JUDICIAL LIEN AVOIDANCE OF RESIDENCE IN BANKRUPTCY...
Finding it difficult to understand the title of this article? Imagine a situation where debtor filed a bankruptcy after a judicial lie...
4002 8/6/2013
Inactive open bankruptcy case bad for homestead exemption...
What a strange and incomprehensible title for a bankruptcy article? What is to be discussed is a situation in a Chapter 7 bankruptcy w...
4846 8/6/2013
DISORGANIZED FINANCIAL RECORDS MAY RESULT IN DENIAL...
Section 727 of the Bankruptcy Code states that “(a) the court shall grant the debtor a discharge, unless-… (3) the debtor has conceale...
5169 8/6/2013
BK COURT DECIDES SEVENTEEN PERCENT OF RESTAURANT PURCHASE PRICE NOT DISCHARGED...
Client, a mail carrier, filed for Chapter 7 relief after operating a restaurant that he operated for 18 months used up all his financi...
2845 8/6/2013
CHANGING EXEMPT ASSETS INTO NON-EXEMPT ASSETS IN BANKRUPTCY...
Debtors sometimes think that they are ‘saving’ an asset so they do an act pre-petition believing that by perpetrating such act they ‘s...
3950 8/6/2013