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22 Jan 2023, 5:06 am
In October 2018, Sears filed for bankruptcy. [read post]
21 Jan 2023, 7:24 am
“A debtor’s interest in or right, whether vested or not, to the assets held in or to receive pensions, annuities, benefits, distributions, refunds of contributions, or other payments under a retirement plan is exempt from judgment” 735 ILCS 5/12-1006 (emphasis mine) Even if a 401(k) owner files for bankruptcy, the 401(k) owner still gets to keep all the money in their “[r]etirement funds to the extent that those funds are in a fund or account that is exempt from… [read post]
20 Jan 2023, 3:03 pm
As part of our commitment to educating ordinary Americans about their legal rights, Justia provides Justia Legal Guides. [read post]
20 Jan 2023, 2:16 pm
Do you take the lawyer who filed the frivolous suit to be liable for malpractice in the bankruptcy proceedings? [read post]
20 Jan 2023, 1:05 pm
Recently, the Federal Trade Commission (FTC) has proposed a rule, which would ban the use of noncompetes almost completely and require existing noncompete agreements to be rescinded. [read post]
20 Jan 2023, 1:05 pm
Check out: Credit Card Debt & Bankruptcy in 2023 Lights, Camera Action: How to Use YouTube for Your Law Firm Each of the channels above offer examples of what great legal videos can look like. [read post]
20 Jan 2023, 10:43 am
Buy-sell provisions describe the events and procedures for when members are permitted or required to buy or sell membership interests from each other, and they allow the LLC and its members to plan for certain situations, such as a member’s bankruptcy, death, disability, divorce, or termination of employment, and for members that are entities, change of control and dissolution. [read post]
20 Jan 2023, 8:05 am
As of July 10, 2022, Celsius held cryptocurrency investments in “Earn Accounts” and identified nearly 600,000 such accounts with a market value of approximately $4.2 billion in cryptocurrency along with nearly $23 million in stablecoins.1 On July 13, 2022, Celsius filed for Chapter 11 bankruptcy in the SDNY and, soon after, several account holders moved to withdraw assets from their accounts. [read post]
20 Jan 2023, 7:54 am
Sources: https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/servicemembers-civil-relief-act-scra https://www.lendingtree.com/personal/divorce-rate-jobs-occupations-study/Read More [read post]
20 Jan 2023, 5:30 am
As a bankruptcy attorney, I hear all of the time I need to file a medical bankruptcy. [read post]
20 Jan 2023, 4:30 am
The design of mass tort bankruptcies also tends to blunt the effective operation of standard chapter 11 protections meant to empower individual creditors – tools that often are cited as making bankruptcy “better” for mass tort than other aggregate litigation fora. [read post]
19 Jan 2023, 5:43 pm
Hiring an Experienced Bankruptcy Lawyer It’s important to hire an experienced bankruptcy attorney as one of the steps to take when you’re facing bankruptcy and you are worried about credit rebuilding after. [read post]
19 Jan 2023, 12:07 pm
Although Musk claims Twitter is no longer on the “fast lane to bankruptcy”, I would argue that neither the former nor current ownership models look capable of making much money or benefiting society. [read post]
19 Jan 2023, 9:16 am
appeared first on Reboot Your Life: Tampa Student Loan and Bankruptcy Attorney Blog. [read post]
19 Jan 2023, 8:28 am
appeared first on Reboot Your Life: Tampa Student Loan and Bankruptcy Attorney Blog. [read post]
19 Jan 2023, 6:12 am
The firm had a limited and largely transactional relationship with FTX and certain affiliates prior to the bankruptcy, as is common, and is disinterested as required by the bankruptcy code.'” “Companies commonly use existing law firms to handle bankruptcy filings. [read post]
19 Jan 2023, 5:30 am
In addition to wiping out debt with the discharge, a chapter 13 bankruptcy is also a great tool that can enable people to get caught up on past-due car and home payments. [read post]
19 Jan 2023, 3:00 am
Based on the SEC’s 22-page complaint and a Twitter response from Gemini co-founder Tyler Winklevoss, the SEC appears to have had its eye on the program for the past 17 months – and was spurred to action on the enforcement front when the firm “paused” withdrawals (the pause has not been lifted; a Genesis bankruptcy filing is reportedly imminent). [read post]
18 Jan 2023, 5:50 pm
The case is In re The Prospect-Woodward Home, 2023 BNH 001 (Jan. 6, 2023), decided by New Hampshire’s bankruptcy court. [read post]
18 Jan 2023, 3:51 pm
Morrisey reports that around $957 million in settlements have been made with wholesalers, manufacturers, and retailers related to the opioid crisis, but that some of that settlement money may be lost to companies filing for bankruptcy, as lawsuits and settlements from other states and DOJ pile up. [read post]
