by Devin Sawdayi | Jun 20, 2013
In a bankruptcy proceeding, a trustee may avoid transfers made, or obligations incurred, by the debtor during the two years prior to the filing date, if the transfer or obligation was actually or constructively fraudulent. 11 U.S.C. § 548(a). The Ninth Circuit...
by Devin Sawdayi | Jun 19, 2013
A bankruptcy judge in Los Angeles dismissed a Chapter 7 case filed by the founder of a well-known technology website, finding that the debtor missed a filing deadline. In re Minor, No. 2:13-bk-23787-TD, order and notice of dismissal (Bank. C.D. Cal., Jun. 13, 2013)....
by Devin Sawdayi | Jun 11, 2013
A debtor in a California bankruptcy case claimed that her car was exempt from the bankruptcy estate under state law. The Ninth Circuit Court of Appeals found that the “wildcard” exemption provided in California law, which allows a debtor to exempt any property up to a...
by Devin Sawdayi | Jun 10, 2013
Federal tax debt is a significant factor for many individuals filing for bankruptcy protection. Celebrities like Willie Nelson have experienced widely-publicized difficulties due to taxes owed to the Internal Revenue Service (IRS). Unlike many types of debts,...
by Devin Sawdayi | Jun 7, 2013
Tough times can affect anyone, even celebrities. Bankruptcy protection allows people to restructure or discharge debts when they do not have the income to support all of their payments. Celebrities and other prominent people have filed for bankruptcy protection...
