Bankruptcy Services Case

Thank you for the opportunity to work on your behalf for tax preparation this year. Per our previous discussion, I have prepared this memo as a preliminary work on this year’s tax strategy. The three main sections are constructed according to inquiries made by each of you individually and, then, to conclude on the options available for you both and my recommendation.

Any attempts to change aspects pertaining to this project will be completed using an official memorandum for record. This document must meet the approval of the Project manager.

This document describes the manner in which Vendor Oversight assigns tiers to Pacific Union Financial (“PUF” or the “Firm”) vendors and manages vendors accordingly to facilitate due diligence, maintenance and compliance with Firm, state, and Federal requirements.

Brett J. Kitson, 341 Fed. Appx. 234. in connection to the matter of Josh's lie will help decide whether or not this lie will set in motion 11 U.S.C.S §727(a), and whether or not Josh's dismissal will be rescinded. Josh lied during his his bankruptcy proceeding when he was asked whether he had ever been sued. He had, in actuality been sued years earlier for a deliberate infliction of demonstrative distress, and the event was humiliating to him and it was very awkward for him to talk about. Consequently, he lied, and said that he never been sued, The lie has no financial effect on the dilemma of Josh's bankruptcy situation. Under bankruptcy code section §727(a)(4) that forbids a discharge where the debtor, Josh knew due to his reluctance to discuss the incident, was knowingly deceitful, presented false testimony, concludes since it has no impact on this bankruptcy action, Josh did not essentially lie about being previously sued. As in Alleman v. Kitson, the court affirmed that the bankruptcy court was appropriate in their decision that since Kitson's financial documentation was immaterial the discharge was not barred under §727(a)(3). In connection, the bankruptcy court will determine that Josh was not in violation of breaking any bankruptcy

I am sending this email to emphasis what we have already discussed during our meeting on Friday 01/12/2018.

This memorandum is being sent to advise Mr. Bodiford of the topic that I chose to do research on this semester.

Chapter Seven personal bankruptcy is many times known as "straight" or alternatively "liquidation" bankruptcy -- it cancels your current debt, but one may have to let the bankruptcy court liquidate some of an individual's possessions for the benefit of your debt collectors. ("Chapter 7" pertains to the section of the particular federal government Bankruptcy Code which has the bankruptcy legislations.)

Trustee asks questions to determine whether there is property available for sale in order to satisfy all or a portion of your debt. If your property is exempt, then the Trustee cannot sell any of your property. In a Chapter 13 Case, the Trustee asks questions to determine whether the monthly payment that you and your attorney have proposed is sufficient to pay each type of creditor the amount required under the Bankruptcy Code. Each type of creditor may be treated differently, and some creditors may not receive any money during the entire term of your Chapter 13 Case, depending upon your unique circumstances.

What was even more impressive was the fact that Just for Feet continued thriving in a saturated market where major competitors were struggling to make a profit. By the late 1990’s Just Feet began to show red flags, their profits were continuing to rise while reporting a negative operating cash flow. In early 1999, the negative operating cash flow created a liquidity problem which resulting in Just for Feet selling 200 million of high yield junk bond. Thereafter, Just for Feet announced it may default on the outstanding bonds which alarmed investors and creditors. In July of 1999, Ruttenberg resigned as the CEO and was replaced by another CEO who specialized in turning failing corporations around. (Knapp, 2015)

A Bankruptcy Trustee in Ontario plays an important role when it comes to debt restructuring. Bankruptcy Trustees across Canada are appointed by the Superintendent of Bankruptcy to oversee bankruptcy and consumer proposal filings in Ontario.

The Licensee has implemented policies and procedures to ensure adequacy of the hiring and training of employees, systems, monitoring, and reporting functions relating to lending transactions. Additionally, management has implemented an Anti-Money Laundering (AML) and Bank Secrecy Act (BSA) policy. Management is assigned the task of reviewing all closed loan files for compliance with state and federal regulations. The Licensee conducts an annual independent AML audit through Majestic Security, LLC. The audit reviews AML policies and Procedures required under the BSA

Bankruptcy is a statutory proceeding with detailed procedures and requirements. The bankruptcy filing that I believe is most appropriate for Peter is Chapter 13 bankruptcy. To be eligible for Chapter 13 bankruptcy, the individual must owe unsecured debts less than $383,175 and secured debts of less than $1,149.525 and have a regular income. Peter has regular income because he is employed as an electrician. Chapter 13 works with consumer debtors to develop a plan to repay debt. In Peter’s case, Chapter 13 would allow him to make a payment plan in order to pay back his two main debts, his auto repair costs and the mortgage payments. If the court approves Peter of a payment plan, Peter may then pay the debts in the installment specified by the

Issue: Bankruptcy judges are not able to make decisions for bankruptcy related case alone, because they are considered subordinance. Most of these cases are not left to these bankruptcy specialize judges, but instead are taken over by the District Court.

In 2001, the Tulsa, Oklahoma, Williams Company was in financial distress. The primarily energy-industry company was struggling with a shrinking energy trading market, which was marked by distressed entities such as Enron’s broadband unit and Global Crossing. Williams also suffered internally with a floundering telecommunications division and a plummeting stock price. These issues led credit rating agencies Moody’s and

1. Economic Trigger: It lost money and market share in the 80s’. In 1987, performance was so low that it lost half of its equity.