Dallas woman was sentence to one year and one day in Federal Prison for making false statement during her multiple bankruptcy filings. Estela Martinez (54) was out on bond, failed to show up at her sentencing hearing – she was later arrested at her home and held until the final hearing. What did she do? […]
The Federal Trade Commission (FTC) put a stop to the allegedly deceptive practices of a debt settlement operation that lured consumers with exaggerated claims about how it could help reduce their debts. The defendants behind the operation have agreed to a settlement that prohibits them from making any further misleading claims. The FTC case against […]
When GM filed bankruptcy in 2009, the company was required to file disclosures to the court about its potential liabilities and known creditors. It did not include any of the people with active legal claims against the company based on ignition switch problems in its list, according to the court filing. Federal prosecutors are developing […]
Recently Bankruptcy Court ruled that a debtor could not pursue a personal injury claim when she failed to disclose that in her bankruptcy petition. While in a Chapter 13 bankruptcy, a debtor got fired from her job at the hospital. The hospital failed to provide adequate accommodations due to her disability. This would have been […]
At times people in office are doing the opposite that we would like them to do, but Gabriela Rose surely affirms our suspicions. Mrs. Rose, who was elected in a Manhattan district to the New York state legislature in 2012, has pleaded guilty to immigration and bankruptcy fraud. In November, 2012, Gabriela Rosa became the […]
Coldwater Creek, a prominent figure in the Women’s clothing industry, has filed Chapter 11 bankruptcy. The chain is closing all of its stores in a desperate effort to consolidate itself and find a person willing to buy it. With a total of 365 stores and 6,000 employees, a large hit is set to unfold to […]
In the past, when we think of Zombies, we envision a horror film, e.g. the Night of the Living Dead. Now houses that are left abandoned with the high number of foreclosures are being referred to as Zombie Foreclosures. The problem with these undead domiciles is that, once abandoned, they quickly fall into disrepair and […]
There may be hope for individuals who have student loans. At this time, student loans are not dischargeable . Federal law currently prohibits, except in rare cases, private or federal student loans from being discharged in bankruptcy. However, on June 25, 2014, Senate Education Committee Chair Tom Harkin (D-Iowa) introduced legislation that would allow a […]
The Supreme Court relinquished the cases of certain entities that have fallen victim to the Ponzi schemes of Bernie Madoff and Allen Stanford. Both the Madoff and Stanford cases were thrown out. How did these cases come before the Supreme Court? In the Madoff case, the Trustee, Irving Picard, who was in charge of delegating […]
New Jersey Case Filings by County for 12 months Ending May 2014. There were a total of 29,286 Bankruptcy Cases Filed. 28,359 or 97% of all Bankruptcies filed in NJ for this time period were filed by Consumers under Chapters 7 or 13. Consumers remain more likely to have difficult financial situations than businesses as they […]
