Tag Archives: Bankruptcy

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

Posted in Bankruptcy | Tagged , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , , , , | Leave a comment

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

Posted in Bankruptcy, Uncategorized | Tagged , , , , , , , , | Leave a comment

Can I Get Rid Of My Medical Bills By Filing For Bankruptcy?

    One of the three major reasons people file for bankruptcy is unpaid medical bills, the other two being job loss and divorce. Until recently, it was a common practice for hospitals and other health care providers to accept partial, … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Can I Get Rid Of A Judgment In A Bankruptcy?

Can I get rid of a judgment in a bankruptcy?  The answer is that it depends. A judgment is an decision by a court.  This occurs after a lawsuit has been filed, you have been served with the suit, and … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , , , , , , | Leave a comment

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

Posted in Bankruptcy | Tagged , , , , , , , | Leave a comment

Failure To Report Assets In Bankruptcy Can Result In Jail Time And Fines!

When you file a bankruptcy you must tell your attorney about all of your assets and debts.  In fact, several of the documents that you sign when filing a bankruptcy advise that your bankruptcy can be dismissed without a discharge, … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , , , , | Leave a comment

They Went Broke Too! Toni Braxton.

Grammy Award winning singer, Toni Braxton, has filed for bankruptcy. The filing occurred on September 30, 2010 and bears Docket Number 10-51909.  The bankruptcy was filed in the Central District of California Bankruptcy Court located in Los Angeles. Ms. Braxton’s has filed … Continue reading

Posted in Bankruptcy | Tagged , , , , , , | Leave a comment

How Often Can A Bankruptcy Be Filed?

There are limits on how often a bankruptcy can be filed.   A Chapter 7 bankruptcy can be filed once every eight years.  The date of filing of the original bankruptcy is used to determine the filing date for the new … Continue reading

Posted in Bankruptcy | Tagged , , , , , , , , | Leave a comment