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Articles Tagged with bankruptcy court

Bankruptcy Lawyer Bryan W. Stone answers the question “Can I get rid of student loans by declaring bankruptcy?”

It’s long been understood that bankruptcy protections do not apply to the vast majority of student loan debt. The decision was made years ago to shield student lending companies from loss, meaning students are often locked into a lifetime of struggling to pay mounting school-related debts. A recent case out of a bankruptcy court in New York appears to chip away at that protection, at least in one rather limited circumstance.

Bankruptcy Lawyer Bryan W. Stone answers the question “Can I buy a home after bankruptcy?”

Last month Ann Nevins, a bankruptcy judge in Connecticut, ordered Curtis Jackson (also known as 50 Cent) to explain why he had been posting images on social media sites which appeared to showcase the life of a wealthy rapper rather than someone in the midst of a bankruptcy filing. Judge Nevins criticized the pictures as disrespectful to the court and to the bankruptcy process. Beyond making a mockery of the dire straits most people find themselves in when seeking bankruptcy protection, 50 Cent was also facing potentially serious trouble if it was discovered that he had been hiding assets from the bankruptcy court, a crime.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What is the means test?”

The effect of getting a raise or losing your job after filing for bankruptcy depends on which type of personal bankruptcy you filed, and understanding what action to take is important. The temptation to not get around to reporting modest income increases, for example, can lead to your bankruptcy case getting thrown out of court, full responsibility for all debts and criminal fraud charges.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What are my alternatives to bankruptcy ?”

As we discussed on Tuesday, the rapper 50 Cent (also known as Curtis James Jackson III), has found himself in legal hot water after the bankruptcy judge presiding over his case caught wind of recent social media posts that seem to indicate the rapper is worth far more than his stage name implies. In a series of Instagram and Twitter updates, 50 Cent posted photographs of himself sleeping with, standing next to and spelling words out of giant stacks of money.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What are my alternatives to bankruptcy ?”

The rapper 50 Cent has been in the news since he filed for bankruptcy last year, claiming that two separate court-ordered judgments and other high expenses pushed him into bankruptcy. However, his bankruptcy case took an interesting turn this [week] after the bankruptcy judge ordered him to appear and explain numerous photos he has been posting on Instagram of himself surrounded by $100 bills and stacks of money.

Bankruptcy Lawyer Bryan Stone answers the question “How do I file for bankruptcy?”

Deciding to file for bankruptcy can be an incredibly hard decision-making process. You’re likely stressed about paying bills, worried by repeated calls from creditors and maybe even embarrassed about the difficult financial situation you find yourself in. Don’t be. Thousands of people file for bankruptcy each and every year and that doesn’t make them bad people, just people who have been dealt a bad hand and find themselves owing more than they’re taking in.

Bankruptcy Lawyer Bryan W. Stone answers the question “Can I get credit after filing personal bankruptcy?”

Bankruptcy can be a confusing process given the often-technical terms used by creditors and bankruptcy courts. Even understanding what has happened to your debt, whether you need to repay or not, can be difficult to determine in some cases. To find out more about various terms used to describe the status of debt, keep reading.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I keep my car if I file bankruptcy?”

If you are considering filing for bankruptcy or have already taken the plunge, it is important to understand that the process does not end with the filing of the paperwork. The paperwork, though important, is only the first step in a journey that ends with the granting of bankruptcy protection. To get to that point you will need to withstand potential challenges from creditors and get the bankruptcy court to agree that you deserve protection.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Are my 401k and IRA protected in bankruptcy?”

A District Court’s reversal of a bankruptcy court’s application of Section 548(e) of the Bankruptcy Code to a portion of trust assets has bankruptcy insiders breathing a sigh of relief. As Forbes reports, absent the reversal, bankruptcy trustees would have had broad authority to seek to set aside legitimate trust activities in order to seize trust funds for the benefit of creditors.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Does Bankruptcy stop foreclosure?”

At the time, investing in oil-and-gas giant Tri-Valley Corp. seemed like a good idea. Now the same investors who invested in the company are suing Tri-Valley after getting next-to-nothing out of the company’s bankruptcy, and have also sued the law firm that represented the company in its bankruptcy.

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