A bankruptcy court, or a bankruptcy trustee, may conclude that litigation should be asserted by the estate against third parties to recover damages for or assets that should belong to the estate. In such a situation, the bankruptcy court may appoint "special counsel" to assist the trustee in bringing claims on behalf of the bankrupt debtor’s.
Utility giant PG&E has filed for bankruptcy, in the face of tens of billions of dollars in potential liabilities from California's recent wildfires.
A bankruptcy car loan is a good way to help your credit recover once you’ve received a discharge from a Chapter 7 or Chapter 13. The process of getting a car loan following a discharged bankruptcy is fairly simple. Like with any other bad credit auto financing, you need to meet the lender’s requirements to qualify. Besides meeting the income.
The bankruptcy court will have to decide whether it is appropriate to allow you to obtain a Chapter 7 discharge. If the bankruptcy court does not agree that you present special circumstances, you still have options:
Special issues concerning debtors federal offsets. debts owed to the federal government may be dischargeable; Income taxes may be dischargeable if a return has been filed at least 2 years ago and tax liability is at least 3 years old and assessed more than 240 days ago. Example: Bankruptcy filed July 27, 2010, taxes owed for 2006 are dischargeable if no extensions to file were granted;
Charles Shanley, M.D., WSUPG president and chief executive officer, called emergence from bankruptcy protection "a critical milestone in.
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No lender is going to consider your car loan application or any bankruptcy auto financing until after this meeting for several reasons. After the meeting, you will no longer be able to add additional debt to the bankruptcy petition. This way no new loan can be discharged in that bankruptcy case process.
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Bankruptcy Law as an Assortment of Loss-Spreading. Norms.. First, the need for a special collection of bankruptcy procedures is not so obvious.
Why the Municipal Bond Market Expects Pledged Special Revenues to be Timely Paid to Bondholders in a Chapter 9 Proceeding. And, Why the First Circuit's.
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