Parking tickets sound like a debt that you could easily eliminate, right, because it’s just a bill for a parking ticket.  You didn’t purchase anything.  It sounds like it’s unsecured.  There’s no property they can take back or repossessed if you don’t pay.  However, parking tickets are a fine to the government or municipality and by that fact, they are determined to be non-dischargeable.
In a Chapter 7 bankruptcy case, you have a window of time of approximately 3 or four months where if you have parking tickets, your license will not be suspended during that period of time.  However, if you don’t make arrangements to pay off that debt during that window of time and you receive a bankruptcy discharge, it is then that the creditor can then come after you for those non-dischargeable parking tickets.  Coming after you can involve suspending your license, getting a judgment against you and possibly picking you up on a body attachment if you don’t appear in court several times.

Aurora Bankruptcy Lawyers
(posted 1 day 12 hours ago)

Typically student loans are going to be non-dischargeable.  A non-dischargeable debt is a debt that is not going to be eliminated in a bankruptcy case.  Student loans are the type of debt that are typically non-dischargeable except for extreme hardship cases.  In my 21 years of practice, I have never had an extreme hardship case+ Read MoreThe post Can my student loans be discharged in bankruptcy? appeared first on David M. Siegel.

(posted 1 day 12 hours ago)

Revel BankruptcyBringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for May 16, 2013 Casino commission OKs Revel’s bankruptcy plan David Oreck Talks Bankruptcy And Book Cancer diagnosis puts people at greater risk for bankruptcy

AllmandLaw
(posted 1 day 15 hours ago)

Chapter 7 BankruptcyChapter 7 bankruptcy eliminates unsecured debt such as medical bills, credit card debt, and payday loans.  In order to understand whether you qualify is by reviewing your eligibility factors.  The most effective way to learn if you qualify includes discussing your situation with an experienced bankruptcy attorney. Meeting qualifications of the means test and providing [...]

AllmandLaw
(posted 1 day 15 hours ago)

Editor’s Note:  The JOBS Act is perhaps the most significant change to U.S. Securities Laws in a generation.  DailyDAC, LLC launched www.accreditedinvestormarkets.com to make the universe of alternative investments understandable and accessible to the “average” accredited investor.   The second in this innovative series, About Bob Installment 2, discusses what kind of alternative investment opportunities are available to accredited investors. 
 
What Kind Of Alternative Investment Opportunities Are Available to Accredited Investors?
By: Vanessa Schoenthaler and Jonathan Friedland

The very point of being an accredited investor is that there is a whole world of alternative investment opportunities available to you that are not available to non-accredited investors.  And, if you are an accredited investor, it would be irrational for you to not at least consider including some of those alternative investments in a well-balanced, diversified investment portfolio.  However, before you can properly consider where, if at all, alternative investments fit into your portfolio, you must first understand what the world of alternative investments looks like and where to access such opportunities.

(posted 1 day 17 hours ago)

By
A report this week from Detroit’s emergency manager says the downtrodden city is completely broke and may soon have to file for bankruptcy, according to the Associated Press.
The report, a 41-page analysis that aimed to portray a realistic picture of the city’s finances, said Detroit is on the verge of financial collapse, which would lead to lost paychecks for city workers, deep service cuts, and the loss of pension benefits.
And Kevyn Orr, the city’s emergency manager, believes that Detroit’s only remaining option could eventually be a trip to bankruptcy court.
Detroit May Soon File for Municipal Bankruptcy
As the city teeters on the brink of financial collapse, Orr has been given the unenviable task of negotiating deals with Detroit’s numerous creditors.
But James McTevia, a financial expert in Detroit, believes that Orr may head to bankruptcy court when he “gets his back against the wall and he can’t meet payroll.”
If such a dire scenario does happen, Orr would be left with few options besides seeking the protection of a bankruptcy judge.

Total Bankruptcy
(posted 1 day 17 hours ago)

In Oregon, homeowners who want to challenge a non-judicial foreclosure can now opt for mediation. They pay two hundred dollars in order to meet with a housing counselor, then sit down with both a state-sanctioned mediator and a representative of the bank. While Consumer advocates anticipate many homes will still be foreclosed, the hope is that those who are still capable of making mortgage payments will be able to renegotiate their loans. This modification to the foreclosure process is currently available only in non-judicial foreclosure. For a variety of reasons, lenders have in the last year or so shifted to initiating judicial foreclosure through the courts.
It is hoped that changes to Oregon’s mortgage mediation program allowing the mediation option in judicial foreclosure will be enacted by the 2013 Oregon legislature.The state senators who negotiated the foreclosure mediation program have said they want to expand mediation requirements to judicial foreclosures, since more lenders are going through the courts.
IF you are in the midst of a judicial foreclosure, there is no need to go it alone. Contact the Northwest Debt Relief Law Firm at 503-232-5303 or 206-674-4559. We would be more than happy to help.
The original post is titled Mediation and Oregon Judicial Foreclosure? , and it came from Oregon Bankruptcy Lawyer | Portland, Salem, and Vancouver, Wa .

Oregon Bankruptcy Lawyer
(posted 1 day 17 hours ago)

Analyze data to tailor offers and draft sales pitches that customers, particularly those visiting branches, will have a hard time refusing.

BankThink
(posted 1 day 18 hours ago)

Post image for
As part of our efforts to bring you the latest information on restructuring and bankruptcy issues, we at the Bankruptcy Blog are rolling out a new series called “What We’re Watching.”  Once a month, we will preview to our readers the cases on appeal that we are monitoring.  We’ll be sure to post updates periodically with the latest developments on those appeals.  Below are some of the issues on appeal that have caught our eye this month:
Executive Benefits Agency

(posted 1 day 20 hours ago)
TimeGate Studios Inc.
A still from Section 8: Prejudice

A Texas bankruptcy has pulled the plug on TimeGate Studios Inc.’s short-lived restructuring bid, and the videogame developer has shut its doors and will liquidate its remaining assets.
Judge Jeff Bohm of the U.S. Bankruptcy Court in Houston converted the bankruptcy to a Chapter 7 case from a Chapter 11 after a videogame publisher complained the bankruptcy was a “ruse” designed to let TimeGate insiders off the hook for a $10 million fraud judgment.
Gaming website Kotaku reported that TimeGate, the developer behind “Section 8” and “Aliens: Colonial Marines,” has shut its doors and laid off its staff.
A receptionist at TimeGate, reached by phone, said she couldn’t comment on the case.

WSJ.com: Bankruptcy Beat
(posted 1 day 20 hours ago)