Recent Posts in Impact of Bankruptcy Category

  • San Diego Chamber Orchestra Files for Bankruptcy in Wake of Rising Debts

    || 2-Jan-2013

    The San Diego Chamber Orchestra, the Orchestra Nova, has chosen to file for bankruptcy in lieu of rising debts partly caused by the orchestra's failure to resolve a change in salaries negotiation with its primary employee's union. The Orchestra Nova, as the chamber orchestra is titled, filed for Chapter 7 and hopes that it will be a promising step towards recovering their financial health ...
    Continue Reading
  • Are Retirement Accounts Exempt?

    || 11-Apr-2011

    If you are considering bankruptcy as an option to get out of your financial troubles, you may be wondering whether you can keep your retirement account. The basic rule is that you can protect your accounts “to the extent they are reasonably necessary for the support of the debtor and any dependent of the debtor.” However, the account must be of the type that “qualifies under Section 401(a), ...
    Continue Reading
  • Some Bankruptcy Facts…

    || 15-May-2010

    Home Equity Lines of Credit (HELOC’s) are dischargeable in bankruptcy. There is a lot of different and confusing information out there about whether there is any personal liability for a HELOC or 2nd or 3rd Deed of Trust (commonly referred to as mortgages) when a homeowner defaults and the lender is forced to foreclose. First of all, under the Mortgage Forgiveness Debt Relief Act of 2007, there ...
    Continue Reading

When You Are Looking for Legal Representation,

You Can Count on Attorney Jon Cooper.

Want to Learn More?

Get Started with a Free Consultation!

Get My Free Consultation