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Chase Home Finance, Caught Manufacturing Defaults In Bankruptcy Court, Nears Deal With US Trustee

by admin | Tue, 12/23/2008 - 16:17

In a case presenting facts similar to those in In re Schuessler, 386 B.R. 458 (Bankr. S.D. N.Y., April 10, 2008), in which Chase Home Finance was sanctioned for filing an unwarranted motion to lift the stay, Chase has reportedly entered into a proposed stipulation with the U.S. Trustee regarding procedures to be followed in regard to its proofs of claim, motions for relief from stay, and Chapter 13 plan objections in bankruptcy cases in the U.S. Bankruptcy Court for the Southern District of New York.

What Debt Are Not Covered By Bankruptcy?

by admin | Sat, 11/08/2008 - 08:00

When you file for bankruptcy, your goal is a discharge of your debts. However, not everything is covered by a bankruptcy discharge. Though you can expect the vast majority of debt to be swept away, there are a few debts that a person is held accountable for after filing for bankruptcy.

Violations of the Bankruptcy Discharge - Catching Creditors in the Act

by admin | Fri, 11/07/2008 - 08:00

The U.S. Bankruptcy Code states that once a debt has been discharged, no attempts may be made to collect on that debt. Unfortunately, it is not uncommon for unethical creditors and collections agencies to continue attempts to collect.
There are a few things to be aware of should you ever find yourself being hounded because of a debt that you no longer have any legal responsibility to pay.
From time to time, a creditor will sell an account that has been discharged in bankruptcy. The new owner of the debt will then attempt to collect from you. This is clearly illegal.

What Happens to My Pension if My Company Files Bankruptcy?

by admin | Thu, 11/06/2008 - 08:00

With more and more companies facing bankruptcy, many employees are worried about their futures.
Beyond the question of finding a new job, Americans are concerned about hat will happen to their pensions if their company files for bankruptcy.
Once a company files for bankruptcy, pension payments may be suspended. This does not mean that they are no longer paying people that are drawing money from their pensions. It means that the company is no longer contributing to the pension fund for current employees.