What is A Confirmation Hearing in Chapter 13 Bankruptcy?

Written by

BANKRUPTCY ATTORNEY QUESTION FROM PORT RICHEY, FLORIDA Glenn Anderson of Port Richey, Florida has a question for the Bankruptcy Attorney.  What is a Confirmation Hearing in a Chapter 13 Bankruptcy.  A Confirmation Hearing is a Hearing before the Bankruptcy Judge, generally attended by the Debtor’s Bankruptcy Attorney, the Chapter 13 Trustee, and possibly, the Debtor and some of his or her Creditors. At the Confirmation Hearing, the Chapter 13 Bankruptcy Plan is formally introduced to the Bankruptcy Judge.  The Judge makes a determination whether to Read More +

What is Chapter 7 Bankruptcy

Written by

BANKRUPTCY LAWYER QUESTION FROM ST PETERSBURG, FLORIDA What is a Chapter 7 Bankruptcy asks St Petersburg, Florida Resident Mr. O. Chapter 7 Bankruptcy is a Bankruptcy formed under Chapter 7 of the Bankruptcy Code. Generally, a Chapter 7 Bankruptcy is filed by a Debtor seeking to Discharge or eliminate Unsecured Debt, such as Credit Cards, Medical Bills, Deficiencies on Home or Automobile Loans, Signature Loans, and other Debts classified as Unsecured.   A Debt is Unsecured if it is not Secured by any form of Collateral. Read More +

Itt Technical School Closing Part Ii – A Symptom of A Greater Disease

Written by
blank

Upon the Department of Education’s decision to bar ITT Technical Institute from receiving Federal Student Aid, namely, Student Loans and Grants, ITT announced the closing of its Campuses. The focus of the Department of Education investigation of ITT was related to what is referred to as the Gainful Employment Rule.  The Departments Gainful Employment Rule mandates that in order for an Institution to continue receiving such Federal Aid and Sanction, the Institution must maintain at least at 70% retention and placement rate. Such a mandate Read More +

Itt Closing – Options for Itt Students

Written by
blank

ITT Technical Institute, which operated over 130 campuses and served approximately 45,000 students, announced its closing, resulting from it appears, numerous actions by the Federal Department of Education.  The Department of Education in August of 2016 required ITT to post a Letter of Credit in the amount of $153 million dollars, in addition to $94 million dollar Letter of Credit the Institute was required to post only a few months prior.  Almost concurrent with the new posting demand by the Department of Education came the Read More +

Ufo’s Spotted Over Clearwater Beach, Florida. See Video

Written by
blank

Here is a Video I took on an iPhone 4 camera, of a series of lights that appeared in the sky in Clearwater Beach, Florida, on March 26, 2016. The Video is a little over 2 minutes long, but the lights appeared in the sky much longer than that. The lights were either slow moving or did not move at all. The Video was taken at Clearwater Beach, Florida. Specifically, the Video was taken from a fifth story condominium in the community of Island Estates, Read More +

What is Bankruptcy Proof of Claim?

Written by
blank

BANKRUPTCY ATTORNEY QUESTION FROM CLEARWATER, FLORIDA Eduardo from Executive Café & Deli in Clearwater, Florida, asks What is a Proof of Claim in Bankruptcy?  A Proof of Claim is a written Statement that notifies the Bankruptcy Court, The Bankruptcy Trustee, and the Debtor, that the Creditor intends to be eligible to receive a Distribution of monies from the Bankruptcy Estate.  In a Chapter 7 Bankruptcy, the Distribution of monies is through the Sale and Liquidation of Assets that the Bankruptcy Debtor owns that exceed the Read More +

I Filed Bankruptcy. When Can I File Again?

Written by
blank

BANKRUPTCY ATTORNEY QUESTION FROM BRANDON FLORIDA Stuart Schnell of Brandon, Florida asks the Bankruptcy Attorney, If I previously filed Bankruptcy, may I file Bankruptcy again, and when may I file Bankruptcy again? Thank you for your question, Stuart. If you file Bankruptcy, you may generally file Bankruptcy again, depending upon primarily the amount of time that has elapsed from the date of the filing of the first Bankruptcy, and whether it is important for the Debtor to obtain a Discharge in the Second Bankruptcy. HERE Read More +

Bankruptcy Discharge Revoked?

Written by
blank

Justin Colen of Palm Harbor, Florida asks, If I receive a Bankruptcy Discharge, may the Discharge later be Revoked? Thank you, Justin of Palm Harbor. I hope things work out with that lawsuit from the Hamburglar, arising from the altercation in the McDonald’s parking lot. Any Interested Party may bring an Action to seek the Revocation of the Bankruptcy. In order for the Discharge in a Bankruptcy to be Revoked, the following must exist: INTERESTED PARTY. Only an Interested Party can bring an Action to Read More +

is Bankruptcy A Public Record?

Written by
blank

Thank you Joan B of Port Richey, Florida for your question whether Bankruptcy is a Public Record.  Yes.  The filing of a Bankruptcy is a Public Record.  Theoretically, anyone can, if sufficiently determined, discover whether you filed Bankruptcy. The average person would not know be able to discover this information unless they physically went to the Bankruptcy Court, and inquired whether a particular person filed Bankruptcy.  If the Court was able to locate that particular person’s Bankruptcy filing, then the inquirer could then request a Read More +

50 Cent Battles in Bankruptcy Court to Save His Connecticut Mention: Former Home of Iron Mike Tyson is Subject in 50 Cent’s Bankruptcy Filing

Written by
blank

In 2003, 50 Cent purchased his home at 50 Poplar Hill Drive, in Connecticut, for $4.1 million dollars.  The Seller was former boxer Mike Tyson. The home has 21 bedrooms and 25 bathrooms.  It features a screening room, dance club or disco, casino, an indoor pool, gymnasium, and a basketball court.  The house spans 51,657 square feet. After purchasing the Poplar Hill property, 50 Cent invested an additional $6-10 million dollars into the property. According to an October 7, 2015 Article in Realtor.com, the property Read More +