Christopher P. Walker2024-08-08T14:44:07+00:00July 11th, 2013|
If you are filing for Chapter 13 bankruptcy and have a second mortgage, you may be able to “strip down” or “cram down” your second mortgage in something commonly referred to as “lien stripping.” If the value of your home [...]
Christopher P. Walker2024-08-08T14:44:07+00:00July 10th, 2013|
As we discussed in our last post, more Americans file for consumer bankruptcy over insurmountable medical bills than any other reason. Of course, many people who can’t afford to pay their medical bills don’t end up filing for bankruptcy, which means there are [...]
Christopher P. Walker2024-08-08T14:44:07+00:00June 27th, 2013|
According to a recent study by NerdWallet Health, the leading cause of consumer bankruptcy filings in the U.S. is not credit card debt or mortgages, but rather health care bills. In fact, an estimated two million people in the U.S. will file [...]
Christopher P. Walker2024-08-08T14:44:07+00:00June 10th, 2013|
As you may have heard, legendary singer Dionne Warwick filed for Chapter 7 bankruptcy in March, claiming only about $25,000 in assets but owing more than $10 million in California and IRS tax debt. According to reports, nearly $7 million of that [...]
Christopher P. Walker2024-08-08T14:44:07+00:00May 16th, 2013|
Did you know that you can be prohibited from filing for bankruptcy if you’re found to have committed defalcation? It’s true — although the term had never actually been defined until now. On Monday, the U.S. Supreme Court took up [...]
Christopher P. Walker2024-08-08T14:44:07+00:00May 6th, 2013|
Using public data from the Consumer Financial Protection Bureau, a recent report by the Insight Center for Community Economic Development determined that the high fees and harsh contract terms for payday loans pushed so many people into Chapter 13 bankruptcy in 2011 [...]
Christopher P. Walker2024-08-08T14:44:07+00:00April 18th, 2013|
American Airlines’ parent company AMR Corporation filed for Chapter 11 bankruptcy in late 2011 in the hopes of reorganizing its debts, ditching some obligations, and putting itself in a strong position for future profitability. Last year, US Airways Group, Inc., [...]
Christopher P. Walker2024-08-08T14:44:07+00:00April 8th, 2013|
The Great Recession, or perhaps the federal sequester, has forced the U.S. Trustee Program to indefinitely suspend the audits it is required to perform on Chapter 7 and Chapter 13 personal bankruptcy cases. The audits are required by the 2005 bankruptcy reform [...]
Christopher P. Walker2024-08-08T14:44:07+00:00March 25th, 2013|
In January Casey Anthony, the woman who was charged and then acquitted of killing her 2-year-old child, filed for Chapter 7 bankruptcy. She owes some $500,000 in legal fees, along with other debts that bring her total liabilities to about $792,000. [...]
Christopher P. Walker2025-02-10T11:37:53+00:00March 11th, 2013|
One of the most exciting parts of visiting the Grand Canyon was opened to the public only five years ago. The Grand Canyon Skywalk, which opened in 2007, is a fantastic, U-shaped walkway that allows visitors to walk directly out [...]
