Category Archives: Bankruptcy

Rapper 50 Cent Bankruptcy Update!

I previously posted about the Chapter 11 Bankruptcy filing of Rapper 50 Cent. Since the filing, 50 Cent has posted three photographs of himself with large sums of money.  In one photo, 50 Cent is seen sitting on the floor … Continue reading

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Rapper 50 Cent Files For Bankruptcy!

  The Rapper, Curtis “50 Cent” James Jackson III, filed for bankruptcy in the United States Bankruptcy Court for the District of Connecticut. 50 Cent filed a Chapter 11 bankruptcy following a New York jury award in an Invasion of Privacy lawsuit. … Continue reading

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Bankruptcy Filing Fees Increase

The cost of getting out of debt is going up. The Judicial Conference of the United States has approved a$29.00 increase in the administrative fee charged to an individual when they file for bankruptcy.  The fee, which is currently $46.00, … Continue reading

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Can A Debt Collector Have Me Put In Jail?

The headline reads:  “Court Halts Debt Collector’s Allegedly Deceptive and Abusive Practices“. The Debt Collectors in question portrayed themselves as representatives of the government by using company names that suggested a government affiliation or national presence, such as Federal Recoveries, … Continue reading

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Jacoby & Meyers Bankruptcy, LLC: They Went Broke Too!

The law firm of Jacoby & Meyers  which calls itself “America’s Largest Full Service Law Firm” no longer offers bankruptcy services with the filing of an involuntary bankruptcy by its’ creditors. The Involuntary Petition for Chapter 7 bankruptcy was filed on March … Continue reading

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Vince Young Files For Chapter 11 Bankruptcy

Former NFL Quarterback Vince Young has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of Texas. The bankruptcy case was filed on January 14, 2014 in the Houston based bankruptcy court and bears … Continue reading

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Federal Bankruptcy Courts To Stay Open For A Few More Days

The Government Shutdown is now 10 days old. In a recent article that I wrote for the Bankruptcy Law Network I discussed how the bankruptcy courts will be impacted by the government shutdown. In its initial statement regarding the possible shutdown … Continue reading

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Tropical Storm/Hurricane Isaac Closed New Orleans Bankruptcy Court

As a result of Tropical Storm/Hurricane Isaac, The United States Bankruptcy Court for the Eastern District of Louisiana  has announced that it will be closed on Monday, August 27 at noon through Thursday, August 30, 2012 at noon. All matters before … Continue reading

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Elizabeth W. Magner Appointed Chief Judge of New Orleans Bankruptcy Court

On August 23, 2011 the United States Bankruptcy Court for the Eastern District of Louisiana announced that Judge Elizabeth W. Magner has been appointed as Chief Judge of the Court. Judge Magner’s appointment is effective September 1, 2011. Judge Magner … Continue reading

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IRS Form 1099C And Bankruptcy

You filed a bankruptcy and you have now received a 1099C from a creditor.  It shows that the debt you had with that creditor is income. Do you have to pay taxes on the amount shown on the 1099C? The … Continue reading

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