Tag Archives: Chapter 13

Cumulus Media Files for Bankruptcy

Posted on January 11, 2018 by Camron Hoorfar

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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Bankruptcy by the Numbers

Posted on July 26, 2016 by Camron Hoorfar

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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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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401(k) Contributions in Bankruptcy

Posted on November 25, 2014 by Camron Hoorfar

If you are in a Chapter 13 bankruptcy or thinking of filing a Chapter 13 bankruptcy and have a 401(k), you may have an issue continuing to contribute to your 401(k) after filing. If you need legal assistance, contact our … Continue reading →

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How to Pick a Bankruptcy Attorney

Posted on May 23, 2013 by Camron Hoorfar

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

Posted on September 13, 2012 by Camron Hoorfar

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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Chapter 13– Confirmation of plan– Calculation of projected disposable income

Posted on July 16, 2012 by Camron Hoorfar

Addressing one of the significant issues still open regarding the calculation of a Chapter 13 debtor’s projected disposable income, the court said that, while Code §1325(b)(3) requires that the determination of the expenses for an above-median debtor be made in … Continue reading →

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Chapter 13- Confirmation of plan- Good faith- Fee-only plan

Posted on June 26, 2012 by Camron Hoorfar

Reversing In re Puffer, 453 B.R. 14 (D. Mass July 8, 2011), the First Circuit Court of Appeals said that a “fee-only” Chapter 13 plan (i.e., a Chapter 13 plan under which the only creditor receiving significant payment is the … 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

Posted on May 25, 2012 by Camron Hoorfar

“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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