法律知識

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IS TONI BRAXTON’S CHAPTER 7 CASE PRESUMPTIVELY ABUSIVE?...

Toni Braxton, the famous singer and Las Vegas icon, with well-known hits as ‘Breathe Again” filed for Chapter 7 bankruptcy two months ...

1807 8/6/2013

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HONESTY AND TRANSPARENCY OF FINANCES REQUIRED FOR BK DISCHARGE...

I cannot overemphasize the need for debtors to be honest and transparent in their financial transactions when they file for bankruptcy...

2269 8/6/2013

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比較破產程式中清償債權 喪失抵押品贖回權和虧損出售的區別

很多客人不止一次問過我關於法律上破產程式中清償債權,喪失抵押品贖回權和虧損出售的區別。由此可見,這 3個概念經常被人混淆。現在讓我們先從定義上區別每個概念: 破產程式中...

4066 8/6/2013

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破產呈請書須務求正確 否則申請可能被撤銷

Bankruptcy petitions must be accurate. If they are not accurate, discharge may be denied pursuant to Section 727 (a) (4) which states ...

2136 8/6/2013

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FAILURE TO PRODUCE DOCUMENTS RESULTS IN DENIAL OF BK DISCHARGE...

We are talking about a debtor in a chapter 7 case where the U.S. Trustee has requested debtor to produce documents to enable the U.S. ...

2976 8/6/2013

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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...

2287 8/22/2013

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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...

1514 8/6/2013

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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 ...

2387 8/6/2013

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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 ...

1992 8/6/2013

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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...

2163 8/6/2013

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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...

2341 8/6/2013

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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...

1824 8/6/2013

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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...

2221 8/6/2013

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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...

1886 8/6/2013

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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 ‘...

1923 8/6/2013