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Exemption of Annuities Allowed in Chapter 7 Bankruptcy Case, Over Trustee's Objection — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/04/27/exemption-of-annuities-allowed-in-chapter-7-bankruptcy-case-over-trustees-objection
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. April 27, 2015. Exemption of Annuities Allowed in Chapter 7 Bankruptcy Case, Over Trustee’s Objection. No 14-60974-7, mem. dec. (Bankr. D. Mont., Jan. 12, 2015). Although the court applied Montana law in reaching its decision, California law has similar provisions that apply in bankruptcy cases. The court reviewed the debtors’ assets and expenses and noted that their expenses will exceed their available income if only one of ...
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Bankruptcy Court Considers Whether to Lift Automatic Stay for Foreclosure-Related Proceedings — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/05/11/bankruptcy-court-considers-whether-to-lift-automatic-stay-for-foreclosure-related-proceedings
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. May 11, 2015. Bankruptcy Court Considers Whether to Lift Automatic Stay for Foreclosure-Related Proceedings. A California bankruptcy court recently ruled on a motion to lift the automatic stay in a Chapter 13 case by a company that purchased real property at a foreclosure auction. No 6:14-bk-10231, mem. dec. (Bankr. C.D. Cal., Jan. 20, 2015). Cal Civ. Proc. Code 729.035. Or that modifies the rights of secured lienholders,.
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Hollywood Film Producer Faces Poor Box Office Receipts, Lawsuits, Bankruptcy — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/05/18/hollywood-film-producer-faces-poor-box-office-receipts-lawsuits-bankruptcy
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. May 18, 2015. Hollywood Film Producer Faces Poor Box Office Receipts, Lawsuits, Bankruptcy. The story of a film producer who finds himself in a range of financial difficulties after poor performance at the box office is not unique to Los Angeles, but Hollywood probably gives this region more examples of this tale than most cities. One producer’s story, recently covered by the. The debtor in this case has what the. Elliott v&#...
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Tax Penalties Accrued More than Three Years Before Bankruptcy Filing Date Are Dischargeable, Court Rules — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/07/24/tax-penalties-accrued-more-than-three-years-before-bankruptcy-filing-date-are-dischargeable-court-rules
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. July 24, 2015. Tax Penalties Accrued More than Three Years Before Bankruptcy Filing Date Are Dischargeable, Court Rules. Federal bankruptcy law allows debtors to discharge tax penalties if they meet certain criteria. The Internal Revenue Service (IRS) may penalize individual taxpayers for failing to file a tax return by the April 15 due date, 26 U.S.C. 6651(a)(1). The federal government is appealing. McKay v. United States.
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Exempt Property Archives — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/category/exempt-property
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. August 16, 2016. California Bankruptcy and the Various Types of Personal Debt. Secured vs. Unsecured Debt. A key distinction in bankruptcy is between secured and unsecured debts. A secured debt has one or more specific items of property attached to it, known as collateral. 11 USC. 506. Many priority unsecured debts are also included in the list of debts excepted from discharge. 11 U.S.C. 523. August 16, 2016. Violations of th...
losangelesbankruptcylawyerblawg.com
Automatic Stay Archives — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/category/automatic-stay
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. July 10, 2016. Court’s Dismissal of Chapter 13 Bankruptcy Petition Cites Multiple Legal Grounds, Including Failure to File Required Documents. A US district judge affirmed a bankruptcy court’s dismissal of a Chapter 13 case, finding that the debtor did not respond to two separate motions to dismiss filed by the trustee and a creditor. No 1:13-cv-00638, mem. op. (D.D.C., Dec. 20, 2013). July 10, 2016. May 19, 2016 11:39 am.
losangelesbankruptcylawyerblawg.com
Chapter 13 Case Dismissed Due to Failure to Disclose Prior Bankruptcy Filings, Other Acts Deemed in Bad Faith — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/07/30/chapter-13-case-dismissed-due-to-failure-to-disclose-prior-bankruptcy-filings-other-acts-deemed-in-bad-faith
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. July 30, 2015. Chapter 13 Case Dismissed Due to Failure to Disclose Prior Bankruptcy Filings, Other Acts Deemed in Bad Faith. A bankruptcy court granted a Chapter 13 trustee’s motion to dismiss a debtor’s case and barred the debtor from further bankruptcy filings, in any district in the country, for a two-year period. That the debtor had abused the bankruptcy process; and that he was not seeking bankruptcy relief in good faith.
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Fraudulent Transfers Archives — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/category/fraudulent-transfers
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. April 22, 2015. Bankruptcy Trustee Files “Clawback” Suits Seeking Return of Allegedly Fraudulent Transfers. A series of lawsuits. Filed by a trustee as adversary proceedings in an ongoing bankruptcy case, seek the return of money paid by the debtor in allegedly fraudulent transfers. This type of proceeding is sometimes known as a clawback suit. The bankruptcy case,. In re GGW Brands, LLC. And massive tax debts. The trustee fi...
losangelesbankruptcylawyerblawg.com
Chapter 7 Bankruptcy Case Reopened for Creditors Left Out of Debtor's Schedules — Los Angeles Bankruptcy Lawyer Blawg
http://www.losangelesbankruptcylawyerblawg.com/2015/08/07/chapter-7-bankruptcy-case-reopened-for-creditors-left-out-of-debtors-schedules
Los Angeles Bankruptcy Lawyer Blawg. Published By Law Offices of Devin Sawdayi. August 7, 2015. Chapter 7 Bankruptcy Case Reopened for Creditors Left Out of Debtor’s Schedules. A bankruptcy court reopened a Chapter 7 case after granting a discharge on the debtor’s motion, although not for the reason stated by the debtor. No 11-38246-A-7, memorandum (Bankr. E.D. Cal., Feb. 23, 2015). The court reopened the case in order to allow the creditors the opportunity to challenge the discharge of their debts.
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