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Fleysher Law Blog

Bankruptcy Fraud

Reality Star Sent To Prison For Bankruptcy Fraud

A cast member of the Real Housewives of New Jersey, Teresa Giudice, has begun serving her 15-month sentence for bankruptcy fraud. Mr. and Mrs. Giudice plead guilty to hiding assets from bankruptcy creditors. And, for submitting fraudulent loan applications to retrieve $5 million in mortgages and construction loans. Mr. Giudice also pleaded guilty to failing to pay taxes of well over $200,000. In addition to unlawful use of identification in

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medical debt

Medical Debt Affects A Large Portion of Americans

In a new report of compiled data provided by the Consumer Financial Protection Bureau, close to 20 percent of U.S. shoppers are in debt. This is due to unpaid medical bills. The bills that insurance companies and hospitals are providing seem to confuse many Americans. That is, those for the cost of their treatments. This confusion is causing lower credit scores. And, it is making it much harder for Americans

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second mortgage

Bank of America Fights to Keep Second Mortgage From Being Void in Bankruptcy

In a few days, the Supreme Court will make a determination; whether homeowners who have filed bankruptcy are eligible to nullify a second mortgage. This is assuming that the property’s market value is lower than the amount owed on the first mortgage. Bank of America appealed twice to the Supreme Court. They were proclaiming that the second loans should not be “stripped off” when a homeowner files bankruptcy; even though

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debtors

Valueless Junior Liens are Allowed to be Stripped Away from Debtors

 During the recession property values were so high. And, obtaining credit was almost as simple as getting something out of a vending machine that many owners took out two and even three mortgages. However, when the market crashed and the surplus ended, many were left swimming upstream without a paddle. With such a large amount of debt hanging over their heads, an abundance of people was and continue to seek

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criminal charges

Criminal Charges for Fraudulent Couple Who Filed Bankruptcy

Read about the criminal charges of a couple from Palm Beach. Although bankruptcy is an uncomfortable process to go through, has given many people a fresh at finances. One of the key points in being given financial freedom is that you must be completely honest during the bankruptcy process. In fact, one couple in Palm Beach is now facing criminal charges for trying to conceal valuable goods from the bankruptcy

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Bankruptcy Filings

Southwest Florida Bankruptcy Filings have Lowered Tremendously

A couple of years after the recession, the rate of consumers and businesses filing for bankruptcy have dropped. They have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is about half of the bankruptcy filings in 2010. Unfortunately, it is still 500 more bankruptcies filed than when

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Southwest Florida Bankruptcy

Southwest Florida Bankruptcy Filings Down Substantially

A few years after the peak of the recession, the rate of consumers and businesses filing for bankruptcy have dropped. Bankruptcy filings have dropped approximately 50 percent in Southwest Florida. Nearly 2,600 companies and residents in Charlotte, Manatee, and Sarasota counties solicited bankruptcy attorneys to defend them against creditors in the last year; this is about half of the bankruptcy filings in 2010. Unfortunately, it is still 500 more bankruptcies

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Do's and Don'ts of Bankruptcy

Do’s and Don’ts of Bankruptcy

Read everything you need to know about Do’s and Don’ts of Bankruptcy. DO: Be honest about all of your assets. Even if you think there is a chance that you might lose it, there are probably other ways in which your attorney can prevent that. Or, you may need to come to terms with that possibility. If you don’t list it and the court finds out, they will take it.

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Chapter 7 Bankruptcy

What is Chapter 7 Bankruptcy?

A Chapter 7 bankruptcy comes from the 7th chapter of the bankruptcy code. It is also known as the “liquidation” bankruptcy. This is because the Trustee has to liquidate, or sell, all non-exempt property in order to repay your creditors. The majority of individuals who file for Chapter 7 bankruptcy get the keep their property. However, there are some states that are more charitable than others. The process normally takes

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Chapter 13 Bankruptcy

What is Chapter 13 Bankruptcy?

Read the explanation of Chapter 13 Bankruptcy. If your debts are getting out of your control but your income is still more than the median of the state and you have been living in the same state for the past two years, you can still file for bankruptcy. A Chapter 13 bankruptcy was put in place for those who still have some “disposable” income. Even after paying all their expenses.

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