Tag Archives: Bankruptcy

Removing Second Mortgages in Bankruptcy

Posted on April 6, 2016 by Camron Hoorfar

Chapter 13 bankruptcy allows a debtor to remove a secondary or junior lien when the lien is completely underwater.  A lien is completely underwater when the value of the property is eaten up by a superior lien.  However, secondary or … Continue reading →

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Photos are Safe in Bankruptcy

Posted on March 8, 2016 by Camron Hoorfar

In a recent Kansas bankruptcy case, a bankruptcy trustee tried to liquidate the digital photos of a photographer who filed for bankruptcy.  The photographer attempted to save the photos under the Kansas tools-of-trade exemption.  The exemption allows a debtor to … Continue reading →

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Bank Bad Deeds in Bankruptcy

Posted on January 18, 2016 by Camron Hoorfar

The National Association of Consumer Bankruptcy Attorneys has recently listed several actions that, if taken by a bank or mortgage services, constitutes an abuse of the mortgage servicing rules when a debtor is in bankruptcy.  Here are some of the … Continue reading →

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Bankruptcies are Down, but Repeat Filers are Up

Posted on October 13, 2015 by Camron Hoorfar

In a recent 2014 bankruptcy report, it was determined that the number of bankruptcies filed in 2014 were lower than the number filed in 2013.  However, there were more repeat bankruptcy filers in 2014 than 2013. The report also stated … Continue reading →

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Sex Tapes and Bankruptcy

Posted on August 18, 2015 by Camron Hoorfar

Who says bankruptcy can’t be sexy? In the case of rapper 50 Cent, he has learned about bankruptcy the hard way. Rapper 50 Cent chose to file for Chapter 11 bankruptcy after being sued by Lastonia Leviston for $5 million. … Continue reading →

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Poor, Disabled Woman Cannot Get Rid of Student Loans in Bankruptcy

Posted on July 1, 2015 by Camron Hoorfar

In a recent bankruptcy court decision, a 45 year old unemployed, disabled woman was not able to get rid of $37,000 in student loans.  The bankruptcy court ultimately decided that she did not make a good enough effort to repay … Continue reading →

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Bankruptcy Filings are Down

Posted on May 21, 2015 by Camron Hoorfar

When comparing the first quarter of 2015 with the first quarter of 2014, bankruptcy filings have dropped 12%.  Both personal bankruptcies and business bankruptcies have decreased from 2014 to 2015.  This could be a sign that the economy is getting … Continue reading →

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Major League Bankruptcies

Posted on April 10, 2015 by Camron Hoorfar

Bankruptcy can happen to anyone.  It is nothing to be ashamed of.  Bankruptcy can be a tool to assist those in need.  However, if you are thinking of filing bankruptcy and wondering who has been in your same situation, take … Continue reading →

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Driver’s License Suspensions, Back Taxes, and Bankruptcy

Posted on January 7, 2015 by Camron Hoorfar

If you had your driver’s license suspended for back-owed taxes, bankruptcy may be an option to get rid of the taxes and get your driver’s license back.  If you had your driver’s license taken away for back-owed taxes and want … Continue reading →

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Bankruptcy and Divorce

Posted on January 5, 2015 by Camron Hoorfar

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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