Tag Archives: Chapter 7

Cumulus Media Files for Bankruptcy

The Atlanta based radio company Cumulus Media has filed for Chapter 11 bankruptcy.  At the time of filing, Cumulus Media had approximately $2.4 billion in debt. If you have a company that is in financial trouble and would like someone … Continue reading

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Be Leary of Discount Bankruptcies

A bankruptcy judge in Louisiana has stated that an attorney who assisted people filing for bankruptcy by offering a no-money-down arrangement could not seek reimbursement of any filing fees or other costs that the attorney fronted for the clients. Bankruptcy … Continue reading

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Owner of Joe’s Crab Shack Files for Bankruptcy

The owner of the restaurant Joe’s Crab Shack has filed Chapter 11 bankruptcy due to falling food sales.  The owner may attempt to sell the restaurant for $50 million. If you are interested in learning more about bankruptcy and what … Continue reading

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Logan’s Roadhouse Emerges from Bankruptcy

The parent company of Logan’s Roadhouse has announced recently that it will emerge from bankruptcy with a new menu and a new marketing campaign. If you are interested in filing for bankruptcy, contact our law office at 816-524-4949 or visit … Continue reading

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Bankruptcy by the Numbers

Comparing last year to this year, the ABA reports that the number of people who have filed for bankruptcy has fallen eight percent (8%).  Approximately 523,000 Chapter 7 bankruptcies were filed, 302,000 Chapter 13 bankruptcies were filed, and 7,000 Chapter … Continue reading

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Hulk Hogan Forces Bankruptcy

Financial struggles aren’t avoided the more money an individual or company has. Recently, Gawker Media, an online media company with assets around $50 to $100 million, has recently filed for Chapter 11 bankruptcy while appealing a $140 milling verdict for … Continue reading

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Bankruptcy and Divorce

In a Chapter 7 bankruptcy, domestic support obligations, under 11 U.S.C. 523(a)(5), and non-domestic support obligations, under 11 U.S.C. 523(a)(15) are not dischargeable.  This means that they do not go away when a person files for bankruptcy. A domestic support … Continue reading

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How to Pick a Bankruptcy Attorney

That’s it, you’re done. After struggling to pay your debts, you’re ready to  consider bankruptcy. It’s time to contact a bankruptcy lawyer, but which  one?  Some advertise on TV and radio, others on billboards and bus stops.  They seem fine, … Continue reading

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Number of individual bankruptcy filings drop

It’s called the “10 year mistake” by credit counseling services. Financial advisors say to avoid it at all costs. But, according to the American Bankruptcy Institute, filing for bankruptcy was unavoidable for 1.46 million individuals and 36,000 businesses in 2011. … Continue reading

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Ineligibility of Chapter 13 debtor for discharge does not preclude a plan that permits stripping off wholly-unsecured junior residential mortgages

“Chapter 20” was curtailed by BAPCPA, but it remains vitality for the purpose of lien stripping. The Bankruptcy Appellate Panel holds that the Bankruptcy Code allows a debtor to follow a Chapter 7 with a Chapter 13 in which he … Continue reading

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