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Posts tagged "shielding assets"

US Trustee Program: beware of online bankruptcy preparation scams

When people with debt problems reach the conclusion it’s time to file for bankruptcy, many find it hard to justify the expense of hiring a bankruptcy lawyer. Even though bankruptcy services are generally quite affordable, taking on any new expense can feel like a mistake.

'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 by the bankruptcy court after it found DMX had “unreasonably delayed” the case to the detriment of his creditors.

'Walk on by' my paycheck processor, Chapter 7 court, says Warwick

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 tax debt is owed to the IRS, and the performer's lawyer says that mismanagement by Warwick's former business manager is largely to blame for that.

Chapter 11 Court to Determine Fate of the Grand Canyon Skywalk

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 over the chasm and look down through a clear glass bottom. It is owned and operated by Sa' Nyu Wa, Inc., a subsidiary corporation of the Hualapai Tribe.

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