Debt Free Colorado
APRIL 30, 2024
Finding Solutions to Discharge Your Credit Card Debt Many find themselves struggling if they should file for bankruptcy because of their credit cards. Fortunately, bankruptcy can offer a path toward financial relief from credit card debt. Qualifying for Chapter 7 bankruptcy depends on your income and expenses through the means test.
PBWT
FEBRUARY 5, 2023
This post is about a junkyard, hogs getting slaughtered, and a bankruptcy judge poised to sanction a creditor and her counsel. The phrase “hogs get slaughtered” is how the court characterized what can happen when a creditor’s claim is “beyond the pale.” ” In re U Lock, Inc. ” Id.
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PBWT
OCTOBER 27, 2021
In many chapter 11 cases, creditors’ committees can play a vital role in maximizing the recoveries of unsecured creditors. But the powers of creditors’ committees are circumscribed by both the Bankruptcy Code and case law. Bankruptcy Judge Joseph N. ’" Id. 3d 96, 100 (2d Cir. ’" Id.
PBWT
FEBRUARY 10, 2022
Of course, Arizonans needed a place to buy the newly-legalized substance, and retail marijuana dispensaries emerged to meet the demand. Like many other retail businesses, those dispensaries needed suppliers, who in turn needed manufacturers, who themselves needed to procure equipment. Bankruptcy Court for the District of Arizona.
Collection Industry News
OCTOBER 27, 2023
Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company said it reached a deal with creditors on a restructuring plan that includes evaluating its retail footprint and closing underperforming locations.
FFGN COLLECT NY
JUNE 12, 2022
Are you or your collection attorney attempting debt collection efforts even though the debtor filed for bankruptcy? Enforcing a claim and/or a judgment against an entity or individual who has an active bankruptcy pending or who has received an order discharging them from liability is more than a bad idea. The debtor did not pay.
ABI
JANUARY 13, 2021
American Bankruptcy Institute Law Review Staff. . Under section 365(d)(3) of title 11 of the United States Code (the “Bankruptcy Code”), a trustee or debtor in possession must generally pay rent in accordance with the terms of an unexpired lease. Under the Bankruptcy Code, a landlord is entitled to “adequate protection.” [xvi]
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