Category

Bankruptcy & Debt Relief

Bankruptcy Crackdown

Bankruptcy Crackdown

By Bankruptcy & Debt Relief

A United States Bankruptcy judge in Fort Lauderdale, FL, John Olson, is receiving some attention for his unorthodox methods of dealing with litigants and lawyers who upset him. The Daily Business Review reports that Judge Olson has ordered at least ten people detained, two of whom are attorneys. He has…

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Veteran Bankruptcy

Veteran Bankruptcy

By Bankruptcy & Debt Relief

If you are receiving Social Security Disability benefits and declare bankruptcy, your disability benefits are exempt from being considered part of your disposable income and are not taxable. If, however, the disability benefits you receive are VA disability benefits, the current laws allow debtors to count your benefits as disposable…

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Talc Bankruptcy

Talc Bankruptcy

By Bankruptcy & Debt Relief

One of the suppliers of talc used by Johnson & Johnson is now applying for bankruptcy protection. This decision comes as a result of the multibillion-dollar lawsuits that allege Johnson and Johnson’s talc causes asbestos-related mesothelioma and ovarian cancer. The company declaring bankruptcy is Imerys Talc America. It says it…

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Toys R Us Comeback?

Toys R Us Comeback?

By Bankruptcy & Debt Relief

Toys R Us’s lenders took over the store’s intellectual property when it liquidated last year. Such property includes the Babies R Us, Geoffrey, and Toys R Us brands. Some former Toys R Us executives are operating a company called Tru Kids, through which they intend to support those brands. Tru…

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Sears’ Costly Bankruptcy

Sears’ Costly Bankruptcy

By Bankruptcy & Debt Relief

One paralegal involved in the Sears bankruptcy is receiving attention for services rendered above and beyond the call of duty.  Keri Grant, who works for Weil, Gotshal & Manges, the law firm representing Sears in the company’s bankruptcy, billed $174,000 in the month of November alone.  That amounts to 431…

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