Bankruptcy Law firm

Incurring new debts in the midst of the bankruptcy process

Published on: October 27, 2015 | Kyle A. Frost

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

A recent article discussed how Caesars Palace plans to give its prime Las Vegas Strip property a facelift in time for its 50^th anniversary. The facelift won’t come cheap, with the company revealing that the remodel of one tower of the property will cost nearly $75 million. What makes this interesting, at least from a bankruptcy perspective, is that Caesars Palace’s parent company, Caesars Entertainment Corp., is currently in the midst of a Chapter 11 bankruptcy and reorganization process.

Obama Administration Backs Changes To Student Loan Bankruptcy Protections

Published on: October 20, 2015 | Kyle A. Frost

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get rid of student loans by declaring bankruptcy?”

The Obama administration has put its weight behind a recent proposal calling for changes to be made to bankruptcy rules as they relate to student loans. The plan, proposed by the U.S. Department of Educations, calls for a series of reforms to the student loan system, one of which would ease restrictions on when borrowers would be allowed to bankrupt student loan debt.

Bankruptcy And Preferential Transfers

Published on: September 8, 2015 | Bryan W. Stone

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

For those considering filing for bankruptcy it is quite common to consider which creditors you should continue to pay. After all, if you feel sure a filing is imminent, it may not make sense to continue to throw money at certain bills, such as credit cards or medical debt which would be wiped out in a bankruptcy anyway. Other debt, such as that associated with utilities, phone providers, home loans or cars may receive different treatment given your continuing need for the goods or services.

Woman learns the hard way what it means to be a creditor in a consumer bankruptcy

Published on: May 14, 2015 | Bryan W. Stone

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “What are North Carolina’s exemptions ?”

The idea of a creditor not getting paid all it claims it is owed from a bankrupt person may not bring tears to the eyes of many readers.

State agency willing to keep secrets of payday-lending industry

Published on: May 7, 2015 | Bryan W. Stone

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Can I get credit after filing personal bankruptcy?”

The Constitution of the United States spells out certain limited powers to be exercised by the federal government. All other governmental powers are reserved to the states.

Conduct in bankruptcy case lands lawyers on the wrong side of the law

Published on: April 30, 2015 | Bryan W. Stone

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Do I need an attorney to file bankruptcy?”

When a United States Bankruptcy Judge enters an order, the order must be honored unless and until it is stayed pending appeal, or reversed or set aside by an appellate court. Two Missouri lawyers and their law firm are finding that out the hard way, according to Joe Patrice, writing at AboveTheLaw.com.

Investors sue company, law firm over sale of assets in bankruptcy

Published on: April 28, 2015 | Bryan W. Stone

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.