American-US Airways Bankruptcy Merger Approved, $20 Mln Bonus Not

2020-02-03T13:30:07+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., [...]

Avoiding Judicial Liens In Bankruptcy

2020-02-03T14:21:41+00:00October 26th, 2012|

A Chapter 7, 11 or 13 Debtor may avoid a judicial lien recorded against their real property that impairs the exemption on the property. There is no statute of limitations on filing a motion to avoid this judicial lien. Thus [...]

Benefits Of Bankruptcy

2020-02-03T13:09:58+00:00August 30th, 2012|

The following are the main advantages to filing a Bankruptcy: 1. Discharge of Debts. No matter what chapter of the Bankruptcy Code a debtor may file under, the goal would be to obtain a discharge. A discharge makes some of the debtors [...]

Difference Between Chapter 7 Bankruptcy And Chapter 13 Bankruptcy

2020-02-03T13:22:35+00:00August 22nd, 2012|

For most individuals there are two different types of Bankruptcy filing — A Chapter 7 liquidation and a Chapter 13 repayment plan. Both serve the same purpose of providing relief from your debts. But each has advantages and requirements that will determine which is [...]

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