PPT-Bankruptcy MythBUSTERS What is Consumer Bankruptcy?

The Bankruptcy Code defines consumer debt as debt incurred by an individual primarily for a personal family or household purpose 11 USC 1018 Not business debt Can be chapter 7 11 12 or13 . Chapter 11 Bankruptcy is the process created by the United States Bankruptcy Code to preserve the going concern value of operating businesses and to allow for a decision to be made by company’s creditors and equity holders or the Bankruptcy Court (if agreement cannot be reached) as to how such going concern value will be shared, distributed or reallocated. http://www.solomonlawyer.com | Robert Solomon will provide you with the best bankruptcy filing help available. He has been noted as being the best bankruptcy attorney in Long Island and New York. If you need bankruptcy help your search is over. http://www.solomonlawyer.com | Robert Solomon will provide you with the best bankruptcy filing help available. He has been noted as being the best bankruptcy attorney in Long Island and New York. If you need bankruptcy help your search is over. Bankruptcy More companies in bankruptcy use Chapter 11 traditionally means a reallocatiusing Chapter 11 to facilitate an orderly liquidation of assetsving “going concern” value and maximizi HISTORY OF BANKRUPTCY ACT 1967. The . Bankruptcy . Act 1967 is a derivative of two old . English statutes, . each bearing the same name: . The . Bankruptcy Act . 1883; . and . T. he . Bankruptcy Act 1912. . Automatic Stay. Once bankruptcy petition filed, creditor cannot:. Receive a security interest. Perfect a security interest. Enforce a security interest (repossess). Bankruptcy Trustee. Protects unsecured creditors.. OCAPL, Monday, Nov. 2, 2015 . Melissa R. Gardner. Attorney. Phillips . Murrah. , PC. mrgardner@phillipsmurrah.com. Types of Bankruptcy. Chapter 7. Chapter 11. Trustee appointed to replace management in. Mortgage Deficiency Basics . Chapter 7 and Chapter 13. What is bankruptcy?. Federal court process by which a debtor can discharge or reorganize their debts. . Intended to provide the honest but unfortunate debtor with a “fresh start.”. : . Introduction, History. © Charles Tabb 2010. Front-Page News. Scandal. $600 Billion. Charles . Ponzi. Famous Bankrupts. Filings quadrupled. Filings Return post-BAPCPA. Which chapters?. Business or consumer?. by. Nick . Sushkov. . Questions to Generate Discussion. . What is bankruptcy?. Bankruptcy is a federal court process that can help one eliminate legal responsibility for many of one’s debts or repay them over time under the protection of the bankruptcy court.. To discuss financial laws, policies and regulations in financial law.. To understand how company and industry policies affect industry practices.. To show major instances of noncompliance with financial laws, policies and regulations.. Bankruptcy MythBUSTERS What is Consumer Bankruptcy? The Bankruptcy Code defines “consumer debt” as debt incurred by an individual primarily for a personal, family, or household purpose. 11 U.S.C NCHER Knowledge Symposium . November 9, 2012. John L. Culhane, Jr., Partner. Consumer Financial Services Group. 215.864.8535. culhane@ballardspahr.com. . Use of Credit Reports for Employment. Employer must provide prior written disclosure (slightly different rules for applications by mail, telephone, email or similar means). REAS OF XPERTISEredit and debt collection marketscredit reporting student loansthe Consumer Financial Protection Bureau ankruptcy and debtorcreditor law commercial law consumer lawCADEMICPPOINTMENTSUn