Bankruptcy: Can you discharge taxes paid with credit cards? – jdsupra.com
Bankruptcy allows a debtor to discharge or eliminate the majority of his unsecured debt, which includes most credit card debt. Many taxpayers wonder if they can pay their taxes with a credit card, then discharge the debt in a bankruptcy filing. While this …
Goldman Sachs’s Hawker to Cut Debt by $2.5 Billion in Bankruptcy – San Francisco Chronicle
Kansas City Star Goldman Sachs's Hawker to Cut Debt by $2.5 Billion in BankruptcySan Francisco ChronicleUnder the proposal, "equity ownership in Hawker will be transferred to holders of the company's secured debt, bond debt and certain other unsecured creditors," according to the company's statement. Loan Commitment The jetmaker obtained a $400 million …Hawker Beechcraft Reaches [...]
Dodgers Complete $2 Billion Sale of Team, Exit Bankruptcy (Wilmington) – nola.com
Gross said that some disputes related to the sale and the plan would need to be resolved through the mediator, retired federal Judge Joseph Farnan. Under a settlement between MLB and the Dodgers former owner, Frank McCourt, Farnan has the power to make …
How Bankruptcy Treats Secured and Unsecured Debt – PR-USA.net
When people are considering filing bankruptcy, they usually have a number of questions. They may wonder whether filing bankruptcy is the right choice for them, whether they will get to keep their houses, vehicles or other possessions and which type of …
Dodgers sale and plan to exit bankruptcy approved
WILMINGTON, Del./LOS ANGELES (Reuters) – The Los Angeles Dodgers' sale to a group led by basketball legend Earvin "Magic" Johnson for $2.1 billion and the Major League Baseball team's plan to exit Chapter 11 this month were approved by a U.S. bankruptcy judge on Friday.
Tucson’s CDEX files for Ch. 11 bankruptcy – Arizona Daily Star
CDEX listed unsecured debt of $2.5 million and assets of about $438,000 in a bankruptcy filing Feb. 10. Founded in 2001, CDEX has developed patented devices to validate medication content and to detect traces of drugs. In 2007, the company consolidated its …
Debt in Bankruptcy: Secured vs. Unsecured – JD Supra (press release)
Debt in Bankruptcy: Secured vs. UnsecuredJD Supra (press release)When you file a bankruptcy case, you must list all of your assets and all of your debts. Your debts are classified and each class is treated similarly. Thus, it is important for debtors to understand the difference between secured and unsecured debt.and more »
Eliminating Credit Card Debt When Filing for Bankruptcy in New Jersey – 24-7PressRelease.com
Generally, unsecured credit card debt is dischargeable – however, the U.S. Bankruptcy Code does delineate when this type of debt is not dischargeable, January 25, 2012 /24-7PressRelease/– New Jersey families continue to suffer through the greatest …
Debt and bankruptcy relief plan to benefit 30,000 homeowners – Irish Times
Tens of thousands of others who have amassed large unsecured and unaffordable personal debt will also be able to use measures contained in a Personal Insolvency Bill to lessen their debt burden or lift it entirely. The new Bill, announced by Minister for …
Mastro bankruptcy trustee sets payments to creditors in motion
Each of Michael Mastro’s creditors would get only slightly more than 1 percent of the sum they invested with the longtime Seattle real-estate developer and lender in a bankruptcy trustee plan.