When an individual files a Chapter 13 petition in New York, a trustee is appointed by the court to administer the bankruptcy case. With the electronic filing of bankruptcy petitions

In Bulletin 2011-16 dated September 12, 2011, the Federal Home Loan Mortgage Corporation (Freddie Mac) published the requirements for its Standard Modification program. For the debtor looking to save a

For the business owner who has a lot of debt but can’t pay, creditors may threaten legal action against the owner personally. How much creditors collect depends on how an

What is Chapter 7 bankruptcy? Chapter 7 liquidation bankruptcy comes from the Bankruptcy Code found at Chapter 7 of Title 11 of the United States Code.  Chapter 7 is designed

In Chapter 13 bankruptcy, after the debtor attends a 341 creditors’ meeting, and the bankruptcy plan is filed, the next hearing is the confirmation hearing where the court approves the

Of importance to consumers facing debt collection problems is 15 USC Section 1681, the Fair Credit Reporting Act. A “debt collector” is generally any person who, in the ordinary course

In a bankruptcy case, creditors are individuals and businesses a debtor owes money to. Different types of debts take different priorities in getting paid off. Secured debts have to be

Bankruptcy may be the solution to mortgage foreclosures. A bankruptcy lawyer can assist a debtor in understanding to foreclosure issues, or negotiate with a lending institution. The volume of foreclosures

In Rea v. Federated Investors, 627 F.3d 937 (3d Cir. 2010), the court made clear the differences between public and private employers’ abilities to consider bankruptcy as a factor in

Intellectual property smacks with bankruptcy when a technology licensor has a debtor licensee who wants to assign the licensed rights to a licensor competitor. The Bankruptcy Code provides a debtor