Bankruptcy law

In 1880, George Eastman founded the Eastman Kodak Company in Rochester, New York. By 1888, the company developed its first snapshot camera and became an American household name. Over time, Kodak believed that most of their money came from film, which caused the company to lose focus on their equipment. However, by the 1960s, Kodak started to introduce new products that focused on medical imaging and graphic arts. One of the key players in the industry is Polaroid. In 1969, Polaroid’s patents on

Chapter 11 is referred to as the reorganization bankruptcy. A debtor that files Chapter 11 may obtain approval from the court to continue operation of their business (UScourts.gov). In this chapter, the value on a secured debt, such as equipment loans, mortgage loans, or car loans can be adjusted to the market value. The unsecured debt owed to creditors can also be reduced. This chapter requires payments to your creditors. The payment plan usually lasts for five years. However, the court may require

An unfortunate series of events brought us to Michele 's door one month ago. Michele Capilato is mine and my husbands bankruptcy attorney. When I received the curricular enhancement assignment I knew I wanted to ask Michele if she would have the time to help me with this assignment. I was very excited when she accepted. I knew that this would be a great opportunity to see what she does behind the scene. Michele Capilato grew up in Chester county, PA and currently lives in Fort Washington, PA

What constitutes Bankruptcy Fraud, how to identify it, and how Bankruptcy Fraud is prosecuted The purpose of establishing the bankruptcy system was to grant financial relief to debtors and also compensation for creditors - a fair and equitable share of remaining assets. As with everything in life, there always were (and will be) the cases where the system was (and will be) manipulated. Naturally, the first question that comes on ones’ mind is - How can this be prevented? A prevention of any criminal

When in the midst of a Chapter 13 bankruptcy plan, filing for a divorce will mean revisions that have to be accepted by the bankruptcy trustee. Since many Chapter 13 bankruptcy plans are very strict and leave very little “extra” cash, many feel as if they are left in an impossible situation. One or both of the parties want to leave the marriage, but they’re already in a strict repayment plan. In many cases, the repayment plan is based on parties being required to work full time (some up to 7 days

Bankruptcy Bankruptcy is a legal way in which a business is liquidated in an event where the business is unable to pay it's debts from its current assets. Hence bankruptcy makes it possible for businesses, individuals and couples that cannot pay up their debts be exempted from repaying part of the debt or all of the debt. There are rules, laws and procedures for filling bankruptcy, in the united states it is governed by the federal law, states are not allowed

aspect of your life, but Robert A. Schwartz can help. As an accomplished bankruptcy attorney, he has helped thousands of Rochester families find the debt relief solutions they need with reliable, responsive service that is centered around your needs. Depending the specifics of your situation, he'll help determine if bankruptcy is right for you. If possible, he'll guide you through the process of filing for Chapter 7 bankruptcy, which can completely eliminate almost all of your unsecured credit card

Donald Trump has filed for bankruptcy four times. None of those times were personal. Recently, Trump stated via Twitter and other sources that corporate bankruptcy is a good business strategy. Is this really true? Here's a closer look at Trump's Chapter 11 past, and why it worked. Atlantic City: a Good Lesson in Corporate Bankruptcy Back in its heyday, Atlantic City was the place to be. It was glitz and glam and a money-making machine (kind of like Las Vegas is today). Eventually Atlantic City fell

media and financial industries (Anderson, Brooks and Katsaris 2010). WorldCom, Enron and Conseco were the largest corporate bankruptcies during this period with reported assets of $103.9 billion, $63.4 billion and $ 52.3 billion respectively at time of bankruptcy filing (Altman 2002, Altman and Hotchkiss 2006, Jones and Johnstone 2012). Another wave of corporate bankruptcies hit the global economy during the period of Global Financial Crisis (GFC) and its ramifications are still reverberating through

do not exactly forbid or approve anyone filing bankruptcy or even going to debt. Reading about bankruptcy and the different chapters, chapter 13 debt adjustment and repayment of consumer debt (Melvin, 2015) seems suitable for Carl’s case. I feel that he his way into deep in his debt troubles, from refinancing his house, maxing out his credit card and failing to pay his mortgage.Therefore, I would advise Carl to file bankruptcy; from there the law will be able to provide him a repayment plan. “Give