Category : Uncategorized

Can I Afford a Troy Bankruptcy Lawyer?

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Some people hesitate to contact a bankruptcy lawyer because they don’t have the money. They are having serious problems just paying their bills, so they think it’s impossible to afford bankruptcy. The truth is bankruptcy is more affordable than you may realize. During your free consultation, the attorney will explain exactly how much their fee […]

St. Louis Bankruptcy Attorney: Can I Keep My Retirement Accounts in Bankruptcy?

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For those seeking the services of a St. Louis bankruptcy attorney, one concern is that their retirement assets will be taken by the bankruptcy trustee. People work hard to prepare for retirement, and many worry that one illness or job loss could suddenly erase years of saving. Fortunately, in Missouri, retirement accounts are exempt from […]

Over 50 Percent of Student Loans in Deferment

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Credit bureau TransUnion has released data from a study which shows that more than half of all student loans accounts are in deferment, meaning that the repayment of the interest and principal of the loan is being temporarily delayed. In addition, 43.5 percent of all student loan balances are currently defered, and the company further […]

Kodak Requests Extention in Chapter 11 Bankruptcy Case

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The photography and digital imaging giant Eastman Kodak has again requested that a United States Bankruptcy Judge extend the amount of time it has to emerge from bankruptcy. Kodak is asking that the court extend its deadline to file a bankruptcy exit proposal until May 31st of this year without threat from competing plans and […]

Bill Proposed To Help Student Loan Borrowers

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Earlier this month, United States Senators Dick Durbin (D-IL), Tom Harkin (D-IA), and Al Franken (D-MN) again introduced two pieces of legislation aimed at helping people struggling with their student loans. The two proposed bills are known as the Fairness for Struggling Students Act of 2013 and the Know Before you Owe Act of 2013. […]

Hostess Accepts Bid on Twinkies, other Snack Cakes

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Bankrupt snack cake maker Hostess has chosen a lead bid for selling off the rights to its iconic snack cakes. According to a statement issued by the company, it has accepted a joint offer from investment firms Metropoulos & Co. and Apollo Global Management LLC. The two companies have placed a $410 million bid for […]

Tribune Company Emerges from Bankruptcy

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Chicago-based Tribune Company successfully emerged from Chapter 11 restructuring bankruptcy today, according to a press release issued by the company. Among the company’s holdings are the newspapers Chicago Tribune, Los Angeles Times, Hartford Courant, the Baltimore Sun, and the South Florida Sun-Sentinel.  The company’s plan of reorganization was confirmed by the United States Bankruptcy Court […]

Court Rules that Cell Phone Users may Sue Debt Collectors Calling Old Numbers

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A case decided by the United States Court of Appeals for the Seventh Circuit earlier this year protects consumers from incurring cell-phone charges as a result of automatic dialers employed by credit collection companies. In Soppet v. Enhanced Recovery Company, LLC, the court held that under the Telephone Consumer Protection Act, 47 U.S.C. §227, a […]

NECC Files for Chapter 11 Protections in Wake of Meningitis Outbreak

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New England Compounding Center, the Massachusetts-based pharmaceutical company that was the source of a deadly fungal meningitis outbreak earlier this year, has filed for Chapter 11 bankruptcy last week. Sources also indicate that the company intends to establish a victims’ compensation fund. In October of 2012, there were reports across several states of cases of […]

Dysktra Senteced in Bankruptcy Fraud Case

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Another former baseball slugger has made the news in regard to a bankruptcy filing this week. Former New York Mets and Philadelphia Phillies outfielder Leonard “Lenny” Dykstra has been sentenced to 6 ½ months in federal prison as a result of a bankruptcy fraud case focused around his hiding baseball memorabilia that should have been […]