Blog
Orange County
Bankruptcy Law Blog
‘Disarray’ In DMX’s Chapter 11 Could Force Transfer To Chapter 7
Earl Simmons, the rapper known as DMX, filed for Chapter 11 reorganization in July, but he’s not getting much relief — and it’s not the first time. The performer tried filing for bankruptcy in 2009, but that case was dismissed [...]
Is It A Good Idea To Try Filing For Chapter 7 Without A Lawyer?
You may be thinking to yourself that a bankruptcy attorney’s blog isn’t likely to recommend trying to file bankruptcy on your own, and you would be right. This isn’t about helping bankruptcy lawyers hold onto their clients, however — it’s [...]
Rapper DMX Files New Chapter 11 Schedule Claiming $50 In Assets
Rapper DMX, whose real name is Earl Simmons, is apparently running pretty low on cash. Once among the top-selling hip-hop artists in history, the performer filed for Chapter 11 bankruptcy in July. He had apparently built up over a million in alimony [...]
Prudent Holding Company’s Pre-Meltdown Chapter 11 Saves Bank
Recently, a bankruptcy filing by a Wisconsin bank holding company was held up by the New York Times’ DealBook blog as a model of prudent and, in fact, innovative management. Typically, when bank holding companies file for bankruptcy, it’s far [...]
Sinbad’s Chapter 13 Do-Over Isn’t From Lavish Living, He Says
David Adkins, the comedian known as Sinbad, filed for Chapter 13 bankruptcy in May, claiming $11 million in debt, the vast majority of which is tax debt. According to documents cited by AccountingWEB, the 56-year-old performer owes over $8 million to the [...]
Bankruptcy — How Soon Can I File Again?
In order to get a discharge in bankruptcy, sufficient time must pass between the filing of two separate bankruptcy cases. So if a bankruptcy case is filed too soon, a discharge may not take place. While there is nothing to stop a [...]