Viewing 1 - 9 out of 9 posts

Voluntary Proceedings and Involuntary Proceedings

  Voluntary Proceedings Most bankruptcy petitions are voluntary. Any individual whom is eligible can be a debtor under a chapter.  Said individual may file under it. The debtor does not Read More

Bankruptcy Administration

  The U.S. Constitution (Article I) gives Congress the exclusive power to establish “uniform Laws on the subject of Bankruptcies throughout the United States.” The Federal statute is the Bankruptcy Read More

Enforcement of a Statutory Lien

A statutory lien is enforceable only to items which the lien is legally attached. Statutes may allow the lienholder to foreclose the lien judicially and sell the property if the Read More

PG&E files for bankruptcy as California wildfire liabilities loom

SACRAMENTO (Reuters) - PG&E Corp, owner of the largest U.S. power utility, filed for bankruptcy protection on Tuesday in anticipation of liabilities in excess of $30 billion from the deadliest Read More


  A lien is a legal claim on property, either real or persona, as security for payment or performance of a debt or obligation. There are different type of liens.  Read More

Set to Exit Bankruptcy

Remington, the Gun Maker, Is Set to Exit Bankruptcy [caption id="" align="alignnone" width="600"] After emerging from bankruptcy, Remington, one of the country’s oldest gun manufacturers, will be owned by creditors including Read More

$200 Million Debt Problem Could Lead to $348 Million in Fees

At Toys ‘R’ Us, a $200 Million Debt Problem Could Lead to $348 Million in Fees [caption id="" align="alignleft" width="303"] The swift collapse of Toys “R” Us has been particularly painful Read More

More older Americans filing for bankruptcy

Filing for bankruptcy While looking through news articles regarding filing for Bankruptcy, I came across this article that although is not Chapter 7 Bankruptcy specific I did find it to be rather Read More

Bankruptcy Chapter 7

How Chapter 7 Works A chapter 7 case begins with the debtor filing a petition with the bankruptcy court serving the area where the individual lives or where the business Read More

Viewing 1 - 9 out of 9 posts