Bankruptcy Basics The legal position of landlords and tenants is best understood when basic principles of bankruptcy are known. Bankruptcy chapters-Tenants in business file bankruptcy petitions under either Chapter 7 or Chapter 11. When a business files for a Chapter...
Maybe money can’t provide happiness, but it can certainly inspire negative emotions, including sadness, grief, and shame. Those are just a few feelings people may experience when they claim bankruptcy. Chapter 7, the most common form of consumer bankruptcy in...
Nadya Suleman (known to gossip magazines as “Octomom”) recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman’s spending and lifestyle, but she’s far from alone...
Did Bank of America enrich itself by defrauding potentially millions of homeowners who requested loan modifications under the 2009 Home Affordable Modification Program, or HAMP? Yes, or at least that’s what six of its former employees are claiming in a class...
Given a choice between losing their house and bankruptcy, many people choose bankruptcy. By filing for bankruptcy, homeowners can put an automatic stay on foreclosure proceedings against them and postpone the foreclosure sale possibly for months, Goldbach Law Group...
Bankruptcy can be an unsettling experience for those who find themselves deep in debt. The process is designed to help people keep as much of their property as possible while repaying as much of their debts as possible. One key part of the bankruptcy process is what...