by John Rogers | Jun 2, 2009 | Uncategorized
By DAN STRUMPF and KIMBERLY S. JOHNSON, AP Auto Writers Dan Strumpf And Kimberly S. Johnson, Ap Auto Writers – Mon Jun 1, 7:11 pm ET NEW YORK – General Motorsfiled for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink...
by John Rogers | Jun 2, 2009 | Uncategorized
It is a good idea to make sure that you don’t have funds in bank accounts at banks you owe money to, particularly if you are going to file for bankruptcy. Banks will often keep the funds in your account on the day your file for bankruptcy to set off against the debt...
by John Rogers | Jun 1, 2009 | Uncategorized
In a Chapter 7 liquidation case, the debtor must relinquish certain property to the bankruptcy trustee so that he or she can sell the property and use the proceeds to pay off debts. Property of the bankruptcy estate is broadly defined under Section 541 of the...
by John Rogers | May 27, 2009 | Uncategorized
I get this question frequently  in my office. I found a recent blog post by Attorney Peter Orville of New York that explains it very well: http://www.bankruptcylawnetwork.com/2009/04/30/if-chrysler-can-file-bankruptcy-why-cant-i/
by John Rogers | May 26, 2009 | Uncategorized
In its next term, the Supreme Court will decide the case of Schwab v. Reilly, USSC Docket No. 08-538, which will resolve an important issue related to debtors’ exemption rights in bankruptcy. The case involves the bankruptcy petition of Nadejda Reilly. Reilly ran her...
