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The Sixth Circuit Court of Appeals decided a case last month limiting a defendant’s ability to use the automatic stay to suspend judicial proceedings. Specifically, the Court held that the automatic stay did not apply to a contempt proceeding against a debtor for violating an injunction. Dominic’s Restaurant of Dayton, Inc. v. Mantia involved a […]
Former Oakland Athletics slugger Jose Canseco filed for Chapter 7 bankruptcy on July 31st of this year in Las Vegas, Nevada. In the filing, Canseco lists assets of $20,850 in personal property, liabilities of $1,685,696.00, and a monthly income of $7,500. Of his liabilities, he lists more than $500,000 as owed to the Internal Revenue […]
If you have fallen behind on your debts, you are likely dealing with the seemingly endless cycle of harassing calls and letters from creditors. One of the immediate benefits that filing for bankruptcy can provide is the “automatic stay,” which is an injunction that takes effect the moment the bankruptcy is filed. The injunction prevents […]