Steven Bren (Irvine Co. Chairman Donald's Son) Takes Top Spot on State Tax
During the casino's collection efforts, Aylin transferred nearly $ 180,000 to her brother living in Turkey, allegedly to repay a loan the brother had extended. A few months later, the couple filed for Chapter 7 bankruptcy. They included the gambling …
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Bankruptcy of Bergenfield Swim Club would bust bondholders
According to a website maintained by the administrative office of U.S. courts, on behalf of the federal judiciary, entities that file for Chapter 7 bankruptcy protection are discharged of their debts more than 99 percent of the time. And, the site says …
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Collateral recovery in bankruptcy: what's a creditor to do?
For example, if the Debtor has received a discharge, the secured creditor will not be able to collect a deficiency. Also, unless the bankruptcy case is closed, the automatic stay may bar the creditor from recovering the collateral. If the bankruptcy …
Read more on Lexology (registration)

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