So what is the largest bankruptcy case in United States History? Lehman Brothers filed Chapter 11 bankruptcy in September 2008. The value at bankruptcy: $691 billion in assets. Lehman was eventually liquidated after its financial crisis accelerated and the government make the decision not to bail our the huge investment bank. Leading up to its…
Why would Detroit want to demolish the Joe Luis Arena, Home of the Detroit Red Wings? The city of Detroit is ending city-paid health insurance and for retirees and cutting pensions of thousands of retirees in order to get rid of $7 billion of debt. With financial help from the state, Detroit also plans to…
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Chapter 13 Bankruptcy It’s Not for Everyone, Is It For You? Many people in Arizona are in need of an experienced Arizona bankruptcy attorney to help them through their financial troubles. There are 2 main types of bankruptcy that most filers in Arizona file when declaring bankruptcy. There is a chapter 7 bankruptcy, which completely…
Wage Garnishments Lawyers in Arizona Phoenix Wage Garnishment Attorneys Phoenix Wage Garnishment Lawyers Are you facing a wage garnishment in Arizona? One of the many ways that creditors will attempt to collect on a debt from you may be the threat of wage garnishment. It is important to take action to stop the wage garnishment…
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THE MEANS TEST Evan Bornmann, Tucson Bankruptcy Lawyer: “The means test is one of the qualifiers for a Glendale chapter 7 bankruptcy, similar to a disposable monthly income calculation on chapter 15. And what we do is we take their last six months of income and we use that to get a monthly average, and then…
How Bankruptcy May Help Bankruptcy May Be the Answer Find Out Your Debt Relief Options The problems that debt causes can reach far beyond your how much money you may have in your pocket or in the bank. The lack of finances affects every aspect of your life. Some of the most obvious result is…
Chapter 13 Bankruptcy Another common filing for private individuals or for smaller businesses is the Chapter 13 bankruptcy. In this filing, debtors ask the federal court for a rearrangement of their debts and a chance to pay off owed amounts with a single payment that is divided up among creditors each month. This type of…
