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February 26, 2010
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Bankruptcy News

 

Safeguards in Place on Tax and Personal Information

Attorney General Advocates Pay Raise for Federal Judges

Eighth Circuit Court of Appeals Finds that the U.S. Commodity Futures Trading Commission Properly Pursued Charges Against NRG Energy, Inc. in Minnesota District Court

U.S. Bankruptcy Court Approves SGI's Disclosure Statement For Voting Purposes

Bankruptcy Filings Rose In March 2006 12-Month Period

Medical Costs Contribute To Fewer Than One In Five Bankruptcies

Bankruptcy Filings Rose in March 2006

U.S. Trustee Program Announces Stipulated Agreement

In Pennsylvania, U.S. Labor Department Sues Owner Of Company Gone Bankrupt

President Signs Bankruptcy Abuse Prevention, Consumer Protection Act

New Bankruptcy Law 2005

U.S. Bankruptcy Court Declines GM Plea to Halt Delphi Hearing

Delaware Bankruptcy Court's Grants New Hampshire's Request for $100,000 to Pay Accrued

CFA, ATTORNEYS: CONGRESS SHOULD GIVE KATRINA VICTIMS FINANICAL

New Bankruptcy Law Requires Credit Counseling Before Filing

Bankruptcy Abuse Prevention And Consumer Protection Act Of 2005

Undergo Credit Counseling Before Filing For Bankruptcy

Accountant Means Accountant Authorized Under Applicable Law To Practice Public Accounting

Definitions Accountant Continue On Page...2

Applicability Of Chapters

The Honorable Jed Rakoff Approves Settlement of SEC'S Claim for a Civil Penalty Against Worldcom

Senate Passes Schumer Amendment To Bankruptcy Bill To Crack Down On Predatory Loans

Representative Adam Smith Will Support Bankruptcy Reform

SEC Files Supplement to Proposed Worldcom Penalty Settlement; Proposal Subject to District and Bankruptcy Court Review and Approval

Three Indicted For Bankruptcy Fraud, Impeding The Fdic's Operations

Customers of Enron-related REPs Protected Safeguards Approved for 13,500 non-residential Customers

FTC Announces Settlement With Bankrupt Website, Toysmart.com, Regarding Alleged Privacy Policy Violations

SEC Charges Scott D. Sullivan, WorldCom’s Former Chief Financial Officer, with Engaging in Multi-Billion Dollar Financial Fraud

U.S. Trustee Program Launches Bankruptcy Civil Enforcement Initiative

Corporate Bankruptcy

Total Bankruptcy Filings Down

Personal Bankruptcy Filings Doubled In Last Decade As Consumer Debt Reached Record Levels

Civil Enforcement Coordinators Appointed For U.S. Trustee Program

Bankruptcy Filings Continue to Increase,Records Broken for Total Filings and Non-Business Filings 2003

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Did You Know?    
 
 
Can Co-Signers Be Protected
If you file Chapter 7 bankruptcy, the creditor can proceed against your co-signers, according to the terms of the debt agreement. However, if you file a Chapter 13 debt adjustment, a co-signer is protected if the following conditions are met. The debt must be a consumer debt. Also, the debt may not be incurred in the ordinary course of business, and the co-signer cannot benefit from the proceeds of the debt.

 


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News about Bankruptcy in Michigan and nationwide:

Definitions Accountant Continue On Page...2
(16) “equity security” means— (A) share in a corporation, whether or not transferable or denominated “stock”, or similar security; (B) interest of ...
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Representative Adam Smith Will Support Bankruptcy Reform
The Bankruptcy Reform Act of 1999 (H.R. 833) is expected to pass the House today.

Under current law, bankruptcy filers may file under Chap...

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Civil Enforcement Coordinators Appointed For U.S. Trustee Program
WASHINGTON, D.C.-Antonia Darling and Mark Redmiles have been appointed Civil Enforcement Co-Coordinators for the U.S. Trustee Program, it was annou...
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Bankruptcy Terms

 


Today's Terms

Bankruptcy Amendments of 1984

Definition:
A set of amendments to the Bankruptcy Reform Act of 1978. It contains a number of provisions including: limiting the jurisdiction of the bankruptcy court.

Reorganization

Definition:
The resolving of a Chapter 11 bankruptcy by the emergence of the debtor as a viable business. Generally, the company agrees with creditors on a plan for payment of their claims (plan of reorganization) and emerges from Chapter 11 after the plan is confirmed by the court.

Garnishment Laws

Definition:
Unsecured creditors in relation to garnishment laws do not hold any collateral that they can take from you if you fall behind on your payments.

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Bankruptcy Resources

 


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Bankruptcy Hot Topics

 
Topics Related to Bankruptcy:

  • Chapter 7
  • Chapter 13
  • Chapter 11
  • Chapter 12
  • Chapter 9

More Bankruptcy Topics >


Michigan Bankruptcy Attorney

 
If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

  • Adrian
  • Ann Arbor
  • Battle Creek
  • Bay City
  • Belleville
  • Canton
  • Clinton Township
  • Dearborn
  • Dearborn Heights
  • Detroit
  • East Lansing
  • Flint
  • Grand Blanc
  • Grand Rapids
  • Hamtramck
  • Highland Park
  • Holland
  • Howell
  • Jackson
  • Lansing
  • Lincoln Park
  • Livonia
  • Macomb
  • Mount Pleasant
  • Muskegon
  • Niles
  • Northville
  • Plymouth
  • Port Huron
  • Redford
  • Rochester
  • Roseville
  • Saginaw
  • Sterling Heights
  • Taylor
  • Traverse City
  • Trenton
  • Troy
  • Warren
  • Westland
  • Wyandotte
  • Ypsilanti
 


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