Bankruptcy News
U.S. Supreme Court Rules to Protect Debtor's Exemption
A recent case before the Supreme Court addressed the fear of many debtors contemplating bankruptcy: what if all my property is taken away from me and I have nothing left to live on? Personal bankruptcy offers debtors the opportunity to...
Auto Loan Delinquency Increasing at An Alarming Rate
More people holding auto loans are behind in their payments, leading some to question whether rising auto loan delinquency is an economic indicator and others to suggest poor lending practices are to blame. According to Bloomberg News, the number of...
Mel Gibson's Ex-Girlfriend, Oksana Grigorieva , Files for Chapter 13 Bankruptcy
Oksana Grigorieva, best known as the ex-girlfriend of Mel Gibson and the mother of his youngest daughter, filed for Chapter 13 bankruptcy protection in California on January 6, 2014. On her bankruptcy petition, the Russian singer claimed to have only...
January 2014 Bankruptcy Statistics
January 2014 bankruptcy filings totaled 68,153 in the United States. According to the American Bankruptcy Institute, this is a 13% decrease from the 78,602 bankruptcy filings in January 2013. In comparison to last month, January 2014 filings increased 3% from the...
Imputation of Fraud Between Spouses
If the benefits of bankruptcy are designed to flow to the “honest but unfortunate debtor”, what, then, of the dishonest debtor? We sometimes encounter creditors who believe that any breach of a contract is evidence of dishonesty on the debtor’s part, but...
New Bankruptcy Judge in Raleigh
Sasser Law Firm would like to congratulate David Warren on his appointment as the new Bankruptcy Judge for the Eastern District of North Carolina. To learn more about Judge Warren and his appointment, click here to view the release from...
Former NFL Quarterback Vince Young Files Chapter 11 Bankruptcy
Former NFL quarterback, Vince Young, has filed for Chapter 11 bankruptcy protection in Houston, Texas. After spending his college years as quarterback for the University of Texas, Young was drafted by the Texas Titans as the third overall draft pick...
December 2013 and Year End Bankruptcy Statistics
December 2013 bankruptcy filings totaled 66,478 in the United States, bringing the nationwide filing total to 1,032,326 for the 2013 calendar year. According to the American Bankruptcy Institute, the December 2013 bankruptcy filings show a 12% decrease from the 75,691...
Abraham Lincoln, Bankruptcy Attorney
Before becoming our nation’s sixteenth president, Abraham Lincoln was a practicing attorney in the state of Illinois. A self-educated lawyer, Lincoln began his career as an attorney during The Panic of 1837, a time of extreme financial crisis in the...
Country Music Star Eddie Montgomery Files for Bankruptcy
Eddie Montgomery, half of the country music duo Montgomery Gentry, filed for Chapter 7 bankruptcy relief on Tuesday, December 31, 2013 in Lexington, Kentucky. Montgomery claimed $13.4 million in liabilities and listed assets totaling $1.9 million. Best known for his...
