by admin | Apr 5, 2017 | Bankruptcy, News
The bankruptcy matter In re Millennuium Lab Holdings II, LLC, et al. (District of Delaware Case No. 15-12284-LSS) recently resulted in some non-binding guidance on a growing issue in chapter 11 bankruptcy cases – third party releases. Background Chapter...
by admin | Sep 12, 2016 | Bankruptcy, Government
While the reasons that motivate a person to file for bankruptcy vary widely, one of the most common is to protect an asset. Depending on the nature of the asset, unpaid creditors may try to access it through either garnishment or seizure. Cash assets, including wages...
by admin | Jul 8, 2016 | Bankruptcy
Throughout the bankruptcy process, the financial activity of the debtor will be subject to examination by the trustee and by creditors. In most cases, the examination consists of the trustee reading though the documents filed by the debtor and asking questions at a...
by admin | May 31, 2016 | Bankruptcy
Chapter 7 is the most common type of bankruptcy that an individual will enter into. Chapter 7 bankruptcies also come the closest to matching the concept of bankruptcy that most people who have never gone through the process have. In a chapter 7, an individual...
by admin | Apr 8, 2016 | Automatic Stay, Bankruptcy
Filing for bankruptcy can provide a number of major benefits to someone in a difficult financial situation. For people who are suffering from bothersome debt collection calls or a looming foreclosure action, one of the most appreciated of these benefits is the...