A recent bankruptcy auction of a Texas powerplant by Optim Energy LLC provided an important lesson for potential bidders at bankruptcy auctions and their representatives on the importance of developing a clear bidding strategy in advance of the auction, and making sure the representative understands both the bidding strategy and the scope of his or her authority at the auction sale.
Trouble making your house payments after a bankruptcy discharge can cause a slew of financial complications. Fortunately, lender and government-backed modification programs like the Home Affordable Modification Program (HAMP) provide opportunities to keep your home.
Vehicle title loans (or title pawns) are big business in Georgia and other states.
Payday loans are popular in the United States. By some estimates, there are more payday loan outlets than McDonald’s (and there are more than 14,000 locations of McDonald’s.).
The U.S. Supreme Court in Ransom v. FIA Card Services instructs that above-median debtors can take a vehicle ownership deduction of around $500 on the Means Test when calculating Projected Disposable Income, but only if there is a lien on the vehicle at the time the bankruptcy case is filed.
From religion to politics; housing, transportation and food, the epic failures of the economic recession have delivered some real big lemons to the OC [Orange County].
In our electronic age, it is tough to avoid negative reporting on your credit report. An honest oversight could mean a missed payment, and one 30 day late payment will drop a 780 credit score as much as a hundred points. The drop is less if you have a lower credit score.
An August 8, 2014 opinion of the Delaware Bankruptcy Court barred a terminated employee’s pre-sale claims against a purchaser of substantially all of debtors’ assets, but left the door open for direct claims against the purchaser that arose post-closing.