New York pro football fans might be surprised to learn that former NFL running back Clinton Portis has filed for bankruptcy. The 34-year-old played for the Denver Broncos and the Washington Redskins and earned around $43 million over nine seasons. According to his...
Year: 2015
Figuring out when to file for bankruptcy
Many people in New York may be struggling with debt and unaware of their options. Bankruptcy is the right choice for some while others might have various possible solutions that they can pursue first. When trying to figure out a way to pay off debts, people should...
The interplay of bankruptcy and divorce
When New York residents are having trouble paying their debts, it may be worthwhile to file for bankruptcy. However, for those who are also thinking about a divorce, it may be difficult to decide whether to file for bankruptcy while still married or after the split is...
Meeting terms of Chapter 13 crucial to bankruptcy protections
New York consumers who are considering filing for Chapter 13 bankruptcy or who are already in the process of one needs to understand the potential consequences of failing to meet statutory requirements. Under Chapter 13, a court approves a new payment plan for the...
What people should know about Chapter 7 bankruptcy
New Yorkers who are considering the bankruptcy process as a way to get out from under debt should be aware of the various pitfalls of Chapter 7 bankruptcy. Millions of people file for bankruptcy each year, whether for their individual debt or small businesses. Sole...
“Real Housewives of Potomac” star filed for bankruptcy
New York residents who are fans of the Real Housewives series on Bravo may be interested to learn that a new cast member from the upcoming 'Real Housewives of Potomac" filed for bankruptcy before appearing on the show. Robyn Dixon, who was married to former NBA player...
Bankruptcy may be a wise choice for some New Yorkers
Many people in New York and elsewhere have struggled to keep up with payments on credit cards or medical bills. Often they will refuse to consider Chapter 7 or Chapter 13 bankruptcy because of the perceived stigma attached to these types of debt relief. While their...
DOJ: Wells Fargo ordered to pay huge settlement to homeowners
Some New Yorkers may want to know about a recent settlement in which Wells Fargo agreed to pay certain homeowners $81.6 million. The settlement comes because the banking giant violated some provisions and deadlines involving bankruptcy cases that the homeowners had...
Ronda Rousey’s coach files for Chapter 7 bankruptcy
New York UFC fans may find it interesting that Edmond Taverdyan, the coach of superstar UFC fighter Ronda Rousey, filed for Chapter 7 bankruptcy on July 29. What makes this unusual is that, despite coaching one of the world's most dominant and celebrated fighters,...
Ninth Circuit ruling may help New York debtors
Reversing its own 2010 ruling, the U.S. Court of Appeals for the 9th Circuit recently decided that debtors may seek attorney's fees incurred while prosecuting cases related to automatic stay violations. These fees may be sought and recovered even after the violation...