Topics: Bankruptcy - 62 results


Posted 1 year ago in Bankruptcy Crime by Sylvia Hsieh  
Who Owns A-Rod’s World Series Ring?

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 …

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Posted 1 year ago in Bankruptcy Consumer Law Creditor/Debtor by Betsy Kim  
Going for Broke: US Bankruptcy Filings [Infographic]

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 …

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Posted 1 year ago in Bankruptcy Taxation by Michele Bowman  
Dionne Warwick Seeks Bankruptcy to Avoid Old Tax Debt

Legendary songstress Dionne Warwick on Mar. 21 filed for bankruptcy in federal court in New Jersey, where she lives, hoping to end a decades-old battle with the Internal Revenue Service over her tax debt.   No Other Choice Warwick is reportedly blaming a former manager for “negligent and gross financial mismanagement” resulting in the tax mix-up that left her $10.2 million in the hole with the IRS and the State of California. Over the years, the singer was paying off …

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Posted 2 years ago in Bankruptcy Creditor/Debtor by Aaron Kase  
Saying Sorry Might Help Your Bankruptcy Case

Debtors going through bankruptcy can boost their chances of a successful outcome with one simple step, according to a new study: apologize. Judges are more likely to look favorably on a repayment plan and accept discretionary spending budgets if the person filing for bankruptcy says they’re sorry, University of Illinois law professors Jennifer K. Robbennolt and Robert M. Lawless found in their research. Apologies have been shown to improve outcomes in criminal and civil disputes, but there had been little …

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Posted 2 years ago in Bankruptcy Consumer Law by Michele Bowman  
FastBucks Files for Bankruptcy, Still Making High-Interest Loans

Known by many names – short-term loan, check-cashing, or payday loan businesses – companies that provide very-high-interest loans to consumers are not regulated in the same way as banks. But in New Mexico, one such company has found itself in hot water with the state.    Business As Usual Three years ago, the New Mexico Attorney General’s office accused FastBucks of violating the state’s unfair business practice law by ripping people off with its high-interest loans, which can reach almost …

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