• Published On: November 17, 2014

    INHERITANCE AND BANKRUPTCY How a Disclaimed Inheritance Can Be Recovered Under Section 544(b) In re Spenser, 22-3016 (Bankr.S.D. ILL. 3/17/2023) Conclusion: Section 544(b)(1) of the Bankruptcy Code permits the Trustee to recover [...]

  • Diane L. Drain receives Lifetime Achievement Award "for a career of overwhelming and extraordinary pro bono services in establishing the Bankruptcy Court Self Help Center and leadership in the bankruptcy pro bono programs. The other [...]

  • Warning at the end of a Legalzoom TV ad "Legalzoom is not a law firm or a substitute for the advice of an attorney and provides self-help services at your specific direction." This warning lasts [...]

  • Published On: August 30, 2014

    WHAT IS A “SIMPLE" BANKRUPTCY? Here is a great blog from Matt Berkus, another bankruptcy attorney, in response to the statement we all heard “I have a simple bankruptcy”. Invariably, two-thirds of prospects will [...]

  • Angelo R. Mozilo, Countrywide Financial’s co-founder and former chief executive officer, may soon face a civil lawsuit from the Justice Department. This disclosure comes almost seven years after the subprime mortgage machine he created and [...]

  • The District Court ruled inherited IRAs are exempt because they retain their character as retirement funds, but the US Court of Appeals for the Seventh Circuit reversed that ruling. With this off the question went [...]

  • Bankruptcy Judge agrees with creditors that Jacoby & Meyers Bankruptcy should be in bankruptcy in order to better protect its creditors. “This is a case that needs to exist,” U.S. Bankruptcy Court Judge Shelley Chapman [...]

  • Filing a bankruptcy is not like buying a can of Classico spaghetti sauce; instead it is like getting a new pet Shopping for bankruptcy help, based on solely on [...]

  • In the United States of America vs. Richard Sylvester Berry. (Why Pay a Lawyer) Charges filed allege the business and Richard Berry are in violation of multiple federal laws prohibiting bankruptcy fraud, bankruptcy bribery, and [...]

  • Homeowners’ association received special treatment in bankruptcy. Depending on your situation it is possible that both federal and state law comes into play. Do you have a homeowners association?  Do you want to know your [...]

  • HAMP report indicates that nearly 30 percent of those who qualified for HAMP relief have defaulted again. The other day a caller said "I used a document preparer or bankruptcy petition preparer. Certainly they have [...]

  • The Bankruptcy Reform Act of 2005 reported to be a "Dismal failure". The bankruptcy law, approved by Congress in 2005 after years of debate, makes it much harder for households to get out from under [...]

  • Published On: September 25, 2013

    Arizona Legislature takes $50 million from the state’s share of a nationwide mortgage fraud settlement to balance the budget rather than helping homowners. This was money intended to help families who were losing their homes [...]

  • Published On: June 5, 2013

    Amy Rees Anderson, Contributor to Forbes.com Nothing is More Expensive Than Hiring a Cheap Lawyer "The only regrets I have ever had when it came to legal bills and lawyers was either not spending enough [...]

  • Published On: April 21, 2013

    FORECLOSURE, TRUSTEE SALES AND TAX LIEN FORECLOSURE IN BANKRUPTCY In re RW Meridian LLC, 564 B.R. 21 (9th Cir. BAP 2017).  The Ninth Circuit Bankruptcy Appellate Panel considered whether the pre-petition expiration [...]