The US Bankruptcy court just published an article about statistics stemmed From 2005 to 2021 which explains the decrease in bankruptcy filings in the U.S. during the COVID pandemic. The most drastic change in non-business bankruptcies occurred in 2005 when...
The Wall Street Journal reported on 08/02/22, in a front-page article, how the IRS’s (“Internal Revenue Services”) new rule for inheriting individual retirement accounts (“IRA’s”) will affect current and future heirs. The rule is in effect but has yet to be finalized,...
Added as part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, the purpose of Chapter 15 is to provide a mechanism for dealing with insolvency proceedings in which more than one country is involved. Generally, a chapter 15 proceeding is filed...
Allows Small Business Owners to Maintain Control On February 19, new Bankruptcy law gave small business owners an option between an expensive Chapter 11 reorganization to maintain control of their businesses and a Chapter 7 liquidation requiring relinquishment of...
Federal Trade Commission complaints have risen by 17% from this time last year, the Wall Street Journal Reported today. Late-night phone calls, physical threats, and repeated calls after the collectors have been asked to stop calling are the major complaints that...
Good news in terms of Coloradans seeking bankruptcy relief in fewer numbers in 2011. Through November, 7% fewer bankruptcy cases were filed in 2011 verus 2010, according to statistics on the website of U.S. Bankruptcy Court, District of Colorado. While figures aren’t...
