After filing for bankruptcy some people swear off credit in its entirety and assume that the reason they have a low credit score several years after their bankruptcy is because of the bankruptcy filing itself. That simply is not true. You don’t improve your credit score by avoid credit altogether, but only by using credit
Commercial bankruptcy filings in 2017 increased, while total filings from businesses and consumers declined overall last year, according to a news release from the American Bankruptcy Institute and data provided by Epiq Systems Inc. “Total commercial chapter 11 filings during calendar year 2017 (Jan. 1-Dec. 31) were 5,744, a 6 percent increase from the 5,447 filings in
The Supreme Court agreed Friday to decide to wade into the intent of Congress when it crafted a provision of bankruptcy code related to the discharge of debts involving dishonest or fraudulent conduct. The case involves the Atlanta law firm of Lamar, Archer & Cofrin and a former client, R. Scott Appling. Appling hired the
Jurists and practitioners are calling for adjustment or elimination of the debt limit for an individual to qualify to file a Chapter 13 bankruptcy. Judge Paul W. Bonapfel of the U.S. Bankruptcy Court for the Northern District of Georgia, speaking at a meeting Oct. 10 of the American Bankruptcy Institute Commission on Consumer Bankruptcy, was
The United States Bankruptcy Court for the Northern District of Georgia is pleased to announce that effective October 1, 2017, Judge Wendy L. Hagenau will assume the duties of Chief Bankruptcy Judge for the Northern District of Georgia. Read more here.
For what appears to be decades, the credit rating agency Equifax has quietly layered three more years of tarnish on the credit histories of hundreds of thousands of people who had filed for bankruptcy under Chapter 13. Read more HERE.
On Sept. 13, Blue Mountain Hotel Group LLC, filed for Chapter 11 bankruptcy in a Georgia court. Chapter 11 allows a company to recognize and restructure some of its debt. Read more HERE.
Toys ‘R’ Us, the toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual. Read more HERE.
Roddey Player knows appliances. He was sweeping the floors of his family’s appliance business, Queen City Appliance, when he was eight years old. Eventually, he became a salesman, and then the CEO. But in 2012, Queen City Appliances was in trouble. Roddey tried everything to avoid the big failure: bankruptcy. It didn’t work. Queen City
We’ve all heard nightmarish stories of divorce battles that take years—and cost a small fortune—to resolve. The task of negotiating child and spousal support, dividing property and other possessions, and establishing child-custody arrangements can be daunting, especially when the principals are barely speaking to each other. In the worst-case scenario, bitter spouses hire cutthroat lawyers
“[Edmond Tarverdyan’s] testimony at the initial Meeting of Creditors was materially false,” bankruptcy trustee Jason Rund wrote in his June 2017 final report, recently obtained by Bloody Elbow. The public bankruptcy saga of Ronda Rousey’s oft-maligned trainer began with the surprise fall 2015 discovery of the case by Bloody Elbow’s John Nash. See rest of
Doctors reported that they were expecting an influx of patients after today’s solar eclipse, due to everything from failing to use protective eyewear to car accidents. The celestial event of the century has come to an end. And while it was amazing to witness, was anyone injured during the 2017 solar eclipse? Unfortunately, reports have already