Articles Tagged with Bankruptcy Lawyers

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

When a person files for bankruptcy protection one of the first things he or she must do is submit a list of assets and liabilities. The liabilities are obviously important because these are the debts that the petitioner is trying to get out from under. The assets, at least for the creditors and the bankruptcy trustee, are just as important. It’s the assets that can be sold and used to repay creditors and it’s crucial that the list be accurate and complete. In fact, the law requires debtors to list all assets and any failure to do so, assuming it’s deliberate, can result in serious criminal penalties.

Bankruptcy Lawyer Bryan W. Stone answers the question: “Will anyone find out about my bankruptcy?”

Bankruptcy judges are people too, in that in their free time, some like to occasionally relax at home and channel-surf.

Bankruptcy Lawyer Bryan W. Stone answers the question: “What is Chapter 11 Bankruptcy?”

In what some are saying is the final nail in the coffin for the coal industry, the largest private-sector coal mining company in the world filed for Chapter 11 business reorganization bankruptcy on April 13. The filing, by St. Louis-based Peabody Energy, is but one in a long stream of bankruptcies filed by major coal companies in the United States in the last several years. However, Peabody’s liabilities make it the biggest U.S. corporate bankruptcy this year according to data compiled by Bloomberg. The filing estimates the coal giant’s debt at $10.1 billion.

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.

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

A recent bankruptcy law update noted that there has been a rash of cases filed against creditors and credit reporting agencies in Nevada related to the accuracy of some credit reports post bankruptcy. Specifically, the report indicated that more than 50 such claims under the federal Fair Credit Reporting Act (FCRA) have been filed, claiming that the creditors are violating the law by failing to report accurate information.

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

So-called for-profit colleges and universities have been all the rage in recent years, at least if one believes the glut of television advertisements that for-profit higher-education institutions have used to flood American airways.

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.

Charlotte Bankruptcy Lawyer Bryan W. Stone of Arnold & Smith, PLLC answers the question “Will I lose my property if I file for bankruptcy ?”

Clients and potential clients have frequently asked me if there are actions or statements they should be making or taking or refraining from making or taking in their countenanced or pending bankruptcy cases.

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 unveiled on Tuesday what it dubbed a “Student Aid Bill of Rights.” Among the proposals the administration is considering is a push for legislation that could enable borrowers to discharge student-loan debt through personal bankruptcy.

President Obama meeting Charlotte Bankruptcy Lawyer North Carolina Student Debt AttorneyCurrently student-loan debt can be discharged in bankruptcy, it’s just really hard to do.

According to the Wall Street Journal, at least 713 people tried to discharge their student-loan debt last year. The Journal knows that because in order to discharge student-loan debt, a debtor has to file a lawsuit. Lawyers taking on a student-loan discharge attempts “typically charge several thousands [of] dollars” up front for an uncertain result, according to the Journal.

In order to succeed at getting student-loan debt discharged, a lawyer must convince a judge that the debtor will never be able to afford one’s monthly payments. Bankruptcy lawyers told the Journal that bankruptcy judges have issued a wide range of rulings in student-loan debt discharge actions, muddying the legal landscape with uncertainty.

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