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Category: Bankruptcy Financial Challenges with SBKass

Tax Discharge in New York Bankruptcy

Tax Discharge in New York Bankruptcy

Game News reported March 28, 2011, in “Trip Hawkins in serious shizzle over $20m tax bill” that the founder of Electronic Arts was rejected by a federal judge when he

May 15, 2011
Use of Cash Collateral in Bankruptcy

Use of Cash Collateral in Bankruptcy

In a Chapter 11 case involving Delco Oil. Marathon, the federal court of appeals for the 11th Circuit forced Marathon Petroleum to return almost $2 million in cash paid to

May 12, 2011
Chapter 11 Debtor-in-Possession

Chapter 11 Debtor-in-Possession

In February 2011, crain’s new york business.com reported that the founder of New York’s H&H Bagels, filed bankruptcy. The founder was sentenced to 50 weekends in jail in 2010 for

April 5, 2011
Small Business Debtor in New York

Small Business Debtor in New York

In Chapter 11, a business may obtain exceptions from certain filings and procedures by being classified as a small business debtor. A debtor is a small business debtor when it

April 5, 2011
Business Bankruptcies in New York

Business Bankruptcies in New York

Westlaw News & Insights reported on February 17, 2011, that Starr & Company LLC and Starr Investment Advisors LLC filed for Chapter 7 bankruptcy in the cases Re Starr Investment

April 2, 2011
Bankruptcy: Why and When to File

Bankruptcy: Why and When to File

The prospect of declaring bankruptcy can be a promising one, chock full of the possibility of erasing certain financial obligations, finally having peace at home without the incessant ringing of

March 3, 2011
Bankruptcy Trustee in New York

Bankruptcy Trustee in New York

In New York, when a person files Chapter 7 or Chapter 13, the court appoints a bankruptcy trustee who administers the debtor’s bankruptcy estate. The trustee may be a government

February 16, 2011
Prior Bankruptcy Credit Counseling

Prior Bankruptcy Credit Counseling

When filing Chapter 7 bankruptcy in New York, the debtor needs to see a credit counselor prior to filing. In the Chapter 7 bankruptcy petition, the debtor must sign asserting

February 16, 2011

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