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Bankruptcy Finance & Banking Family Law

Read Bankruptcy Law updates, alerts, news, and legal analysis from leading lawyers and law firms:

The Supreme Court - May 15, 2017

by Dorsey & Whitney LLP on

Midland Funding, LLC v. Johnson, No. 16-348: Respondent Aleida Johnson filed for Chapter 13 bankruptcy in the Southern District of Alabama. Petitioner Midland Funding then filed a “proof of claim” in the Bankruptcy Court,...more

Debtor May Still Claim Homestead Exemption Even If He Was Kicked Out

by PretiFlaherty on

The bankruptcy court for the Eastern District of New York found that a debtor who was ordered to vacate his home could still claim an exemption in the property. In a divorce proceeding several months prior to the bankruptcy...more

Wealth Management Update - July 2016

by Proskauer Rose LLP on

July Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - The July § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and...more

When One Spouse Files for Bankruptcy, But Not the Other

by Best Best & Krieger LLP on

When a Chapter 7, 11, or 13 case is filed, a new entity is created called the bankruptcy estate. A bankruptcy estate is comprised of all of the debtor’s non-exempt legal or equitable interests in property as of the time of...more

MN Supreme Court: Creditors May Void Fraudulent Transfers of Assets in Uncontested Divorces

On July 9, 2014, in Citizens State Bank Norwood Young America v. Gordon Brown, et al., the Minnesota Supreme Court held that Minnesota's Uniform Fraudulent Transfer Act ("MUFTA") may be applied to transfers of assets made as...more

FHA Fresh Start Program Now Available 1 Year After Bankruptcy

by Christine Kingston on

New FHA Fresh Start Program provides mortgage financing in as little as 12-Months after a bankruptcy, short sale or foreclosure. Restrictions apply. Please contact a qualified mortgage broker for details. Stop struggling...more

Financially Adrift and Lost on Long Island

by Frank Pipitone on

A recent HBO documentary details the impact of the "Great Recession" on Long Island residents....more

CFPB: Next Up, Reverse Mortgages!

by Jonathan Foxx on

In a June 28, 2012 Report to Congress, the Consumer Financial Protection Bureau (the CFPB or the Bureau) published its study of reverse mortgage transactions. This study was required by Section 1076 of the Dodd-Frank Wall...more

Best Time to File Bankruptcy: Before or After Divorce?

by Frank Pipitone on

Bankruptcy and divorce often coincide. The common question arises: When is the best time to file bankruptcy, before or after the divorce? Filing bankruptcy before divorce is almost always the recommended path. ...more

Life After Bankruptcy – How Long Until I Will Be Able to Buy a House Again?

by John Skiba on

Much of the time I spend with clients is helping them understand the bankruptcy process. However, I do try and help clients understand the consequences of bankruptcy and in doing so one of the first questions I get is how...more

Bankruptcy & Credit Cards – How Long Until My Wages Are Garnished?

by John Skiba on

A big fear for many prior to bankruptcy is the thought of having wages garnished. This is a well-founded worry as in Arizona up to 25% of each paycheck can be garnished and paid to your creditors. However, what most people...more

Bankruptcy & Foreclosure – Foreclosure Mess Not Over Yet

by John Skiba on

I came across an article MSNBC’s website about the foreclosure mess that we are all currently living through that estimated there have been 5 million homes foreclosed on this the Great Recession started. Considering that the...more

Don’t Give It Away – Beware of Transferring Assets Prior to Filing Bankruptcy

by John Skiba on

Despite the George Strait song, you can’t just “give it away” when it comes to bankruptcy. A common question I get in bankruptcy consultations is whether you can simply “give” away your assets to a family member or take your...more

Bankruptcy Process - Credit Unions & Cross Collateralization Agreements in Bankruptcy

by John Skiba on

Credit Unions – Good Cop/Bad Cop When times are good your credit union can seem like they are your best friend. However, if times get bad, the credit union may be your most unforgiving creditor. Credit unions have...more

When Family Law and Bankruptcy Collide

by JAMS on

A family law attorney’s greatest nightmare is covering uncharted areas of law, which always seem to loom on the horizon and threaten the accuracy of the advice provided to clients. Family law crossover issues have become...more

Money is a Matter of the Heart

by Christine Kingston on

Take a journey from your head to your heart and bring your wallet with you. This white paper is a personal journey and can be shared with clients and consumers. Enjoy....more

Bankruptcy & The Means Test: Median Income in Arizona Declines for Second Straight Year

by John Skiba on

As the recession continues states like Arizona are continuing to see a decline in average incomes for its residents. For the second straight year the median income for Arizona residents has declined. In this article I...more

New Regulations on Debt Collectors: Arizona Bankruptcy Attorney

by John Skiba on

Today in the Wall Street Journal there is an article on new regulations that are being imposed on debt collectors in New Mexico. The new law requires that debt collectors notify the consumer if the statute of limitations has...more

Can I Get Rid Of My QDRO (Qualified Domestic Relations Order) By Filing Chapter 7 Bankruptcy?

by Christopher Ariano on

Can I Get Rid Of My QDRO (Qualified Domestic Relations Order) By Filing Chapter 7 Bankruptcy? arizona bankruptcy attorney, Casa Grande bankruptcy lawyer, chapter 13 bankruptcy, chapter 7 bankruptcy, does chapter 7...more

Taking Back Oz Through Bankruptcy Liquidation

by Christine Kingston on

Breaking the illusion of the current economic crisis by taking a symbolic look at the classic film, Wizard of Oz. I propose a sequel. ...more

Couple Forced to Divorce For Financial Survival

by Daniel Clement on

The Huffington Post reported on a sad and frightening phenomenon- elderly couples forced to divorce to obtain relief from medical bills and to qualify for social security benefits. The article details the plight of Mary...more

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