201508.20
0

Orange County Reverses Bankruptcy Reforms Over 20 Years Later

Orange County Bankruptcy in 1994 It is over 20 years since Orange County, California filed bankruptcy.  What most citizens of Orange County don’t realize is that the municipality is still in bankruptcy.  In fact the County still has a few years left until its original debts of nearly $1.6 billion are paid off.   The case…

201508.18
0

The Jaded Truth about Bankruptcy

Things You Should Know When Deciding to File for Bankruptcy I have been a bankruptcy attorney for nearly 6 years now and have handled over 1000 cases.  I started out working for the largest bankruptcy firm in the nation.  Although that firm is now in its own bankruptcy, it taught me something that I have…

201508.12
0

American Apparel | Losses | Falling Stock Prices | Possible Bankruptcy

American Apparel acknowledging that bankruptcy is not out of the question. Teen apparel companies have been competing in a fast fashion environment for years.  Today a number of those companies find themselves struggling to keep up with the low price chains of Forever 21 and H&M.  These companies have either considered or actually filed bankruptcy….

201508.12
0

Columbia House Files for Bankruptcy

Music Distribution Columbia House is a brand that distributed music through the mail.  It was widely popular in the 70s with membership over 3 million by 1975 according to “Columbia House Company History”.   According to bankruptcy court documents Columbia House was founded in 1955 as a division of CBS.  Since then, Columbia house has sold…

201507.30
0

How an Attorney Can Help You With Credit Repair

If you have concerns about your credit score, an attorney can help you with any needed credit repair. When you work hard to maintain a high credit score, it can be incredibly frustrating to discover an error on your credit report. Do not despair in this situation, because a licensed credit repair attorney can help….

201507.23
0

2015 Supreme Court Bankruptcy Cases | Baker Botts, LLP v. ASARCO, LCC | Part 6 of 6

Baker Botts, LLP v. ASARCO, LCC This is a Chapter 11 case that involves attorney fees.  Towards the end of the Chapter 11 case, the Debtor’s attorney filed a fee application.  However, the Debtor objected to the fees.  The court granted the fee application and also awarded the attorney’s an additional $5 million for defending…

201507.23
0

2015 Supreme Court Bankruptcy Cases | Harris v. Veigelahn | Part 4 of 6

Harris v. Veigelahn Harris v. Veigelahn is another bankruptcy decision made by the United States Supreme Court this year.  The case is about a Debtor who converted their case to Chapter 7 from Chapter 13.  The main issue in this case is whether the Chapter 13 Trustee is required to return undistributed funds collected from…

201507.23
0

2015 Supreme Court Bankruptcy Cases | Bullard v. Hyde Park Savings Bank | Part 3 of 6

Bullard v. Hyde Park Savings Bank The case Bullard v. Hyde Park Savings Bank is about a debtor who submitted a proposed Chapter 13 repayment plan to the bankruptcy court.  The debtor’s mortgage company objected to the proposed plan.  Thereafter, the court sustained/agreed to the objection and denied confirmation of the debtor’s proposed plan.  During…