It is beneficial for debtors to start out with a clean slate after filing bankruptcy. Once a debtor receives his/her discharge, the debtor is debt free. This is a debtor’s fresh start that we refer to. All of debtor’s credit card debts are completely wiped out. Their credit cards have a zero balance which […]
Background: Plaintiff and Debtor were firearm collectors. Plaintiff placed several firearms with the Debtor for safekeeping. Debtor sold some of the weapons with Plaintiff’s permission. Plaintiff asked for remaining firearms to be returned; Debtor did not return to Plaintiff Plaintiff sued Debtor in State Court. 2 years of litigation; Plaintiff won summary judgment $160,000 plus […]
Background: Basketball coach and a referee met during a game. The two fell in love and a romantic relationship ensured. Referee loaned the Coach $40,000. Romance ended under bad terms. Coach (debtor) files Chapter 13 Referee cries “foul” and objects to Chapter 13 claiming debtor was excepted from discharge. Findings of Fact Bankruptcy case basic […]
Postal customers throughout the United States are paying a new rate to send out mail. And for once, we’re not talking about an increase. You may want to stock up before this is rescinded. As of Sunday, it now costs you less to mail letters and postcards. Here are the new rates, effective April 10: Letters […]
The bankruptcy Court has very specific deadlines and rules regarding filing and responses. Case Issues: Debtor filed for Chapter 13 relief on July 6, 2015. Case was dismissed on October 20, 2015 for failure to file required schedules or Plan. Debtor refiled his Chapter 13 again. Two creditors filed motions with the Court requiring the […]
Celebrities File Bankruptcy, too. Let’s look a famous celebrity Connie Stevens who filed bankruptcy https://en.wikipedia.org/wiki/Connie_Stevens in California Bankruptcy Court https://www.cacb.uscourts.gov One of Connie Stevens’ assets was her white brick colonial located just off the Sunset Strip. Opposite this house, is the home of “Frasier Star, Kelsey Grammer”. Features of this home include: a pool and […]
