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Has filing for bankruptcy any benefits?

No reasonable person would never consider bankruptcy just for no reason. Bankruptcy is not a walk in the park and we can certainly put an emotional charge about you and your family. Bankruptcy is not just a motion that anyone can jump on you without having some way. Filing bankruptcy may make you feel like

Begin your own way of banking

Banking can be a challenge or can become an easy process. Only after two years using we can understand what we want from our bank. We just need to use the Internet for our banking. May be somebody still does not trust the Internet and that’s OK. We have confidence in the safety of banks

Do you find a good bankruptcy attorney?

In our economy, it is not unusual that people become quite overwhelmed with debt. You know about this from the news, friends and relatives, and in some cases, your own home. But if you’re the only one facing a mountain of debt, it is important to know who to contact to help you get back

How you can economize on your banking

Banks are a necessary part of any modern financial system. However, this does not mean that you should pay more fees or charges that you owe. Using some easy rules can help you save money during the most of your banking transactions, and reduce your costs or expenses. Many banks provide SMS alerts prior invoices

Occupy Vancouver movement almost takes over Catholic church

Posted by Oswald Goldstein on January 4th, 2012

 

Vancouver Archbishop Michael Miler anticipated the march of protesters and requested extra police protection outside the cathedral to prevent the disruption of the mass.

Organizers of the Occupy Vancouver movement almost took over the Holy Rosary Cathedral in downtown Vancouver on Sunday morning.

Vancouver Police stopped the protesters from disrupting mass at the Catholic church. A spokesman for the group, which renamed itself Occupy Vatican, said the purpose of the aborted church takeover was to bring to the Catholic Church’s attention the thousands of residential school survivors who suffered under the clergy.

However, some members of the Occupy Vancouver movement said that the Occupy Vatican movement did not secure consensus at their Saturday night general assembly and was not supported by the majority of protestors.

Vancouver Archbishop Michael Miler anticipated the march of protesters and requested extra police protection outside the cathedral to prevent the disruption of the mass.

In the U.S., protesters from Nashville and San Diego were arrested over the weekend after police moved into their camps at night.

Nashville police used a new law that banned overnight camping near the Tennessee state capital. Sa

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Tags: Vancouver, Vancouver Movement
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O Max Gardner III’s Top 12 Predictions for 2012

Posted by Jim Karlson on January 3rd, 2012

1.     Home Values: Home values will continue to decline during 2012 and I do not expect the bottom of the real estate market to be reached until the 3rd Quarter of 2014. My best guess for any type of sustained recovery in the housing market is no sooner than the 3rd Quarter of 2021.  The number of homes in foreclosure will double or triple from 2011 levels and home values will drop by another 15% to 20% by the end of year.  I do not expect to see any real recovery in the housing market until at least 2022.  A massive number of bank-owned homes (Real Estate Owned or REO property) will be turned into rental properties by the banks and/or mortgage servicers and many more foreclosed on homes will be sold in bulk sales to investors for the same purpose.

2.     New Home Construction:  At its peak at the end of 2005, homebuilding accounted for about 6.2 percent of overall economic activity. Now, it is only about 2.4 percent.  U.S. housing starts in April 2009 hit their lowest level on records dating to January 1959. While multifa

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Tags: 2012, Top 12
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Can Creditor Hold Debtor In Civil Contempt For Failing To Transport And Assemble In Florida The Debtor’s Out-Of -State Assets?

Posted by Nancy Prew on December 31st, 2011

I am frequently  asked whether a creditor can get a court to hold a debtor in contempt of court for not paying a civil judgment. This past week one of my clients explained that he had recently moved to Florida but maintained a car, bank accounts, and collectibles in his former residence. He asked me whether his creditors could obtain a Florida court order commanding him to transport the car and collectibles to Florida and move his money to a Florida bank, and if they could, whether he could be held in contempt and put in jail if he did not comply with the court order.

I am not been involved in any case where a court has threatened to hold my client in contempt if he did not move his own assets from another state into Florida where a creditor could more conveniently levy upon the assets. Essentially, a court would be ordering a debtor to collect his own assets to pay his creditor and threatening to put the debtor in jail for non-compliance.

 

Courts can order the conveyance of property to remedy a fraudulent transfer or conversion, and courts can hold people in contempt for failure to pay alimony and domestic support obligations. H

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Tags: Contempt, Contempt Failing
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Beware this year’s holiday shopping craze: mobile mania

Posted by Oswald Goldstein on December 17th, 2011

Photo courtesy of flickr user Yutaka Tsutano

Our fancy mobile devices are meant to make our lives easier. But am I the only one feeling like the smartphone in my purse is complicating holiday shopping?

 

Retailers like Target are luring customers through social networks, offering special deals if you check the store’s Facebook page or respond to a tweet. Sites like Gilt Groupe, Amazon, and HSN are aggressively emailing you about sales during peak shopping times (like they did on Black Friday and surely will continue to do), in the hopes that you’ll abandon your spot in line to shop online. And location-based mobile apps like Foursquare and Shopkick offer you rewards points and discounts by simply recognizing when you walk into a store.

 

Head spinning yet? T

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Tags: Mobile, Mobile Mania
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Fourth Circuit Rules Trustee May Appeal Order Denying Attempt to Dismiss Bankruptcy – McDow v. Dudley

Posted by Nancy Prew on December 16th, 2011

In bankruptcy, a trustee stands in for the people who filed for bankruptcy, assuming financial responsibilities that most people handle for themselves. Depending on the situation, the trustee may not serve the best interests of the debtors; he or she has obligations to creditors as well. So our Riverside consumer bankruptcy lawyers were interested to see a recent bankruptcy appeals ruling that pitted debtors against their trustee. In McDow v. Dudley, David and Anne Dudley of Virginia filed for Chapter 13 bankruptcy in 2008, but converted to a Chapter 7 case. Their bankruptcy trustee, W. Clarkson McDow, Jr., then moved to dismiss the case as abusive, but the bankruptcy court denied it. On appeal, the district court ruled that the order was not appealable and dismissed it. The Fourth Circuit reversed, finding that a motion to dismiss for abuse is appealable.

McDow originally moved in bankruptcy court to convert to a Chapter 7 case or dismiss, so the Dudleys moved themselves to convert to a Chapter 7 case. After this was granted, McDow moved to dismiss for abuse.

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Tags: Bankruptcy, Trustee May
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Is it acceptable to make your Christmas gifts?

Posted by Jim Karlson on December 12th, 2011

If you read our previous blog on How are you funding Christmas? you would have read that the average spend per person this Christmas will be 364. People are looking at ways of cutting down the cost of Christmas with things like Secret Santa, registering gift lists and gift certificates. However there is one other way that can cut your spending by creating and making your own gifts.

If you have a craft is there anything wrong with making your own gifts?

Here are a few ideas:

Tags: Christmas, Christmas Gifts
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SemCrude Decision Delineates the Process for Analyzing Motions for Continuance vs. Motions for Summary Judgment

Posted by Nancy Prew on December 10th, 2011

Summary

In an 24 page decision signed June 20, 2011, Judge Shannon of the Delaware Bankruptcy Court partially granted several parties’ motions for a continuance opposing several motions for summary judgment, holding that a motion for continuance must be analyzed before even considering a motion for summary judgment. Judge Shannon’s opinion is available here (the “Opinion”).   To those who follow this blog, I apologize that this entry is a bit out of order, but the Court occasionally publishes an opinion out of order and I haven’t quite perfected time travel.

Background

On July 22, 2008, SemCrude and certain of its affiliates (the “Debtors”) filed for bankruptcy under chapter 11. Shortly prior to the Debtors’ bankruptcy filing, a large number of oil producers, including Samson Resources Company, Titan Energy, Inc., Winstar Energy I, L.P. and Loren Gas, Inc. (the “Producers”) sold and delivered millions of dollars worth of oil and gas to the Debtors. The Debtors then transferred some of that oil and gas to J. Aron & Company, BP Oi

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Tags: Summary, Vs Motions
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Gift Card Rules and Tips

Posted by Oswald Goldstein on December 8th, 2011

Remember the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009?  I know Ill never forget.  Horses were being replaced with motorcars, the Beatles were on top of the charts, and Shirley Temple was dancing her way into the hearts of Americans.  (Im no good with history)  Anyway, while the CARD Act changed several rules in the credit card industry, it also affected gift cards.  So whether youre giving one or you receive one this holiday season, its important to know what has changed.

For a rundown of the major impacts the CARD Act had on the credit card industry, check out THIS POST.  Otherwise, see the list below to find out about the impact on gift cards.  We also threw in some general tips on buying/using gift cards.

  • Funds on gift cards must be good for at least five years. Money added later must also be good for at least five years.
  • Issuers generally arent allowed to charge any fees within the first year after a gift card is purchased. Howeve

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Tags: Card, Card Rules
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