by Devin Sawdayi | Apr 18, 2016
The coach for one of the world’s most well-known mixed martial arts (MMA) fighters filed a voluntary petition for Chapter 7 bankruptcy during the summer of 2015. In re Tarverdyan, No. 2:15-bk-21909, petition (C.D. Cal., Jul. 29, 2015). The case has experienced...
by Devin Sawdayi | Apr 11, 2016
A bankruptcy judge recently denied a debtor’s request to convert his case from Chapter 11 to Chapter 7, finding that he had not acted in accordance with his fiduciary duties throughout the case. Most individual debtors do not find Chapter 11 to be helpful. It is much...
by Devin Sawdayi | Apr 6, 2016
The American justice system provides people with a variety of options for seeking resolution of disputes and asserting their rights when they believe they have been wronged. Bankruptcy courts operate at the federal level, but sometimes they must consider issues...
by Devin Sawdayi | Apr 4, 2016
Student loans present one of the greatest challenges for debtors in Chapter 7 and Chapter 13 personal bankruptcy cases. Federal law prohibits the discharge of almost all student loan debt, except when a debtor proves that denying a discharge would cause “undue...
by Devin Sawdayi | Mar 30, 2016
Student loans present a uniquely difficult obstacle to debtors in bankruptcy. Federal law completely excepts student loans from discharge, unless a debtor can show “undue hardship” to themselves and their dependents. 11 U.S.C. § 523(a)(8). Most courts around the...
by Devin Sawdayi | Mar 27, 2016
The bankruptcy process helps people who cannot make all of their required debt payments with their available income. It allows them, in Chapter 13 cases, to create a manageable payment schedule, or to pay down their debts by liquidating assets in Chapter 7. At the end...
by Devin Sawdayi | Dec 2, 2015
A trustee in a Chapter 7 bankruptcy case filed adversary proceedings against numerous creditors. The defendants had either loaned money to the debtor or invested money with him. The debtor’s prosecution for investment and bankruptcy fraud, followed by his guilty...
by Devin Sawdayi | Nov 24, 2015
Bankruptcy offers a variety of ways to deal with debts that have outpaced one’s ability to make required payments. Certain tools are available for individuals and families, while others are better suited to corporations and other business organizations. Part of the...
by Devin Sawdayi | Nov 18, 2015
50 Cent, the well-known rapper, producer, actor, and entrepreneur, filed a bankruptcy petition in July 2015, claiming nearly $25 million in assets and about $32 million in debt. At that time, he was involved in a civil lawsuit in New York that was about to go to...
by Devin Sawdayi | Nov 11, 2015
Individuals and families may file for bankruptcy protection under Chapter 7, which focuses on liquidating assets and paying down debts in a short period of time. Or they may use Chapter 13, which allows debtors to pay down large portions of their debts over a period...
