The Dodgers are currently going through the process of Chapter 11 bankruptcy. This type of bankruptcy is a restructuring, and leaves companies with the ability to make financial and business decisions.

A General Overview of Reaffirmation Agreements in Arizona

The Securities and Exchange Commission (SEC) brought action against a lawyer to disgorge $580K in attorney's fees he received from trust funds, because they had not been earned. Attorney filed for bankruptcy. SEC brought action under Section 523(a)(19) to determine debt nondischargeable. Held: Because the lawyer was not culpable of securities violations that caused the debt, Section 523(a)(19) will not apply to him.

A chapter 7 bankruptcy is generally filed by a person with a large amount of medical and credit card debts, does not have very much income, and does not own much property. The individual who would qualify for a chapter 7 bankruptcy would be a person with little or no assets, if you were to have many valuables, creditors could try and take those goods away.

Certain liabilities are not dischargeable in bankruptcy, as provided under Section 523 of the United States Bankruptcy Code. A creditor who holds such a claim must timely file a Complaint to Deterimine Dischargeability of Debts, similar to the the one attached below. Once the court finds a liability nondischargeable, the creditor may pursue collection of that claim even if the debtor obtains a bankruptcy discharge.

If you've ever applied for a credit card, a personal loan, or insurance, there's a file about you. This file is known as your credit report. It is chock full of information on where you live, how you pay your bills, and whether you've been sued or arrested, or have filed for bankruptcy. Credit reporting companies sell the information in your report to creditors, insurers, employers, and other businesses with a legitimate need for it. They use the information to evaluate your applications for credit, insurance, employment, or a lease.

This article discusses bankruptcy exemptions that are applicable to certain types of real and personal property of the debtor.

This article discusses homestead exemptions and whether or not a bankruptcy debtor can keep their home if they file bankruptcy.

This article discusses the role of a bankruptcy trustee.

This article discusses the "means test" which was designed to limit the filing of Chapter 7 bankruptcies to those debtors who do not have the means to repay their debt.