Tag Archives: Chapter 13


Posted 2 years ago in Bankruptcy by Betsy Kim  
When Bankruptcy Makes Cents [Infographic]

Last year had its share of big name bankruptcies including Hostess, maker of Twinkies, and The Kodak Eastman camera and film company. 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 Law.

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Posted 2 years 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 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 by Aaron Kase  
Gary Busey Emerges from Bankruptcy with $450,000 in Tax Debt

Gary Busey has closed his bankruptcy case, but he still owes about $450,000 in back taxes, a reminder that certain types of debt are not dischargeable in bankruptcy. The actor, famous for his maniacal grin and roles in cinema classics like “Lethal Weapon,” “Point Break,” “Under Siege” and “Universal Soldier II: Brothers in Arms,” did manage to eliminate about $50,000 in other debts he had hanging over his head owed to utility companies, banks and doctors. Busey, with dozens of …

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Posted 2 years ago in Bankruptcy by Aaron Kase  
Bankruptcy Creditors Can Take Your Holiday Gifts

The holiday season is upon us, a time for sharing meals with friends, family and loved ones, and for some, exchanging expensive gifts. But debtors beware: Consumers who enter into bankruptcy proceedings in the next six months may end up turning over any cash or gifts they receive to their creditors, and big gifts could even affect what kinds of bankruptcy people are eligible to file. The bad news, right off the bat: When filing for any form of personal …

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