A bankruptcy judge may waive a debtor's obligation to file certain financial information months after the statutory deadline for the filing has passed, the 9th Circuit has ruled in vacating the dismissal of a Chapter 7 case. Under [section]521(a)(1) of the Bankruptcy Code, a debtor is required to file certain financial information "unless the court orders otherwise.
The upward trend in business bankruptcies that began in 2007 has apparently continued through the first quarter of 2008 and looks to worsen as the US' economy struggles through a recession, according to research and analysis from leading accounts receivable insurer Euler Hermes ACI. According to information from the US Bankruptcy Courts, 29 public companies sought either Chapter 7 or Chapter 11 bankruptcy protection between January 1 and March 31, an increase of 81.25% over the first quarter of 2007.
WASHINGTON, Oct. 17 /U.S. Newswire/ -- Today, National Association of Legal Document Preparers, Inc. (NALDP) released the first commercially available consumer guide to the new bankruptcy law entitled, How to Prepare and File Chapter 7 Bankruptcy, available online at http://www.naldp.org. The new federal Bankruptcy Reform Act, effective Oct. 17, makes it more difficult for consumers to file under Chapter 7. NALDP's plain language guide provides basic information for consumers preparing to file for Chapter 7 bankruptcy and lists step-by-step instructions to help consumers navigate what is perceived to be a complicated process.
...The Bankruptcy Abuse Prevention and Consumer Protection Act of 20... from conveying any additional information through their advertisements. In re R. M. J., 455 ...Pp. 18–23. 541 F. 3d 785, affirmed in part, reversed in part, and remanded....)(D) (2006 ed.), a debtor’s petition for Chapter 7 relief is presumed abusive (and may therefore be...
CertifiChecks Inc., the company that redeems Chamber Bucks for chamber of commerce organizations nationwide, intends to declare Chapter 7 bankruptcy. Communities, including Dubuque, have little information regarding consumers who own unredeemed Chamber Bucks. We were not contacted directly, but rather learned of the program termination through the company's Web site," said Molly Grover, president and chief executive officer of the Dubuque Area Chamber of Commerce. "Numerous attempts by our national trade association to reach the firm's office and officers have been unsuccessful. Regulatory agencies have been contacted and are examining this action by CertifiChecks Inc.
...4910 Libbit Ave. . Encino 91436 . Chapter: 7 . Assets: N/A . Debts: N/A . Doc# SV11-12032-G ...Sam X. Wu . 909-396-4642 . Bankruptcy information is supplied by Timely Info of Los Ange...
.... While engaged in a Chapter 7 bankruptcy action, the appellant,. Kevin Guay, b... the Guays to file the additional information required by. Bankruptcy Rules 1019 and 1007, inclu...
...2807 Antigua Drive . Burbank 91504 . Chapter: 7 . Assets: $200 . Debts: $132,477 . Doc# LA11-50...File-Date: 10/12/11 . Pro-per. . Bankruptcy information is supplied by Timely Into of Los Ange...
In July 2008, bankruptcy courts across the US prepared themselves for a busy season. As many as 5,664 companies sought to liquidate or restructure that month alone, a 57% increase from the prior year. This Note looks behind the shield of D&O insurance and examines its treatment under the Bankruptcy Code. Part I provides an overview of the duties of directors and officers of a corporation, as well as the protections they receive under the business judgment rule and indemnification contracts. Part II explains the three different "sides" of D&O insurance policies. Part III discusses basic bankruptcy concepts including directors' and officers' duties in bankruptcy, automatic stay, and property of the estate provisions of the Code, as well as the treatment of contracts in bankruptcy....
...The Lehman Brothers Chapter 11 bankruptcy case is valued at an astonishing $6...., 2008, a Representative of Florida made the $700 billion statement: "People want to know if you def... fully and fairly all material information within the board's control . . . ."'3. The Busines...
...Carson 90746 . Chapter: 11 . Assets: N/A . Debts: N/A . Doc# LA11-24221-V...Olympic Blvd., #A . L.A. 90021 . Chapter: 7 . Assets: $0 . Debts: $164,102 . Doc# LA11-24278-P...Drew L. Lyman . 619-299-2399 . Bankruptcy information is supplied by Timely/nfo of Los Anga/...
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