Topics: Bankruptcy - 55 results

While students get breaks on their loans in some ways, filing bankruptcy has never been one of them. But if a federal appellate opinion and action in Congress are any indicators, that could be changing.   Rural and Poor The 7th U.S. Circuit Court of Appeals on Apr. 10 held that a woman’s student loan debt fell under the “hardship exception” to the general rule that such debt is not dischargeable in bankruptcy. The exception is nothing new; what’s notable …

Last year had its share of big name bankruptcies including Hostess, maker of Twinkies, and The Kodak Eastman camera and film company. “Octomom” Nadya Suleman filed for personal bankruptcy. Plus, don’t forget in 1991, 1992, 2004 and 2009, Donald Trump filed corporate bankruptcies. (AP Photo credits: Suleman/ Damian Dovarganes and Trump/ Evan Agostini/ Invision.) The infographic below provided by the Doan Law Firm shows statistics, reasons people file personal bankruptcy and the signs that often precede bankruptcies. Created by Doan …

The judge in Casey Anthony’s bankruptcy case said on Apr. 9 that he would take 30 days to decide whether the infamous mother would have to sell her life story – if she writes one – to help pay off almost $800,000 in debts amassed defending herself against charges she murdered her own child.   Money to Be Made? The trustee in her bankruptcy case reportedly wants her to sell – he says he has received offers from $10,000 to …

A legal battle is brewing over who owns Alex Rodriguez’ World Series replica ring. Considering A-Rod’s was MIA through spring training following hip surgery and the fresh news that investigators want to ask him what he knows about a Florida lab accused of peddling performance enhancing drugs, it might seem like eons ago, but back in the heady aftermath of winning his only World Series in 2009, A-Rod had several World Series replica rings made to give to friends and …

Lawyers.com reported earlier today that singer Dionne Warwick recently filed for bankruptcy, due to a $10.2 million tax debt with the state of California and the IRS. But as to the overall country, bankruptcies are down, comparing 2012 with the prior three years. The Start Fresh Today infographic below also shows important upcoming dates for federal bankruptcy exemptions, new regulations on student loans and revisions to bankruptcy forms. Warwick filed for bankruptcy in New Jersey. Can you guess the states …