For most debtors, the Chapter 7 discharge is the reason they go through with the stress of bankruptcy. The discharge is a Court Order that legally wipes away past debts included in the bankruptcy allowing for a fresh start financially. Common debts eliminated by the bankruptcy discharge are credit card bills, medical bills and personal guarantees on real estate and car loans. What Does it Mean to Include a Debt in Bankruptcy? In the typical Chapter 7 bankruptcy, the debtor will give a list of all their creditors and debts to their bankruptcy attorney. As part of preparing the case, the attorney will then file this list with the Bankruptcy Court. The Court then sends out notice of the bankruptcy filing to all creditors listed or included in the bankruptcy. Creditors who receive notice of the bankruptcy will be bound by the discharge order and their claims will be eliminated….
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Dodgers seek to show league trying to oust team owner, saying other ailing teams have been treated differently. WILMINGTON, DE – July 6 (Reuters) – “Abusive conduct” by Major League Baseball Commissioner Bud Selig created the cash crunch that led to the bankruptcy of the Los Angeles Dodgers, the team says. Now the team is requesting that a bankruptcy court order Major League Baseball to turn over documents the Dodgers say will prove the allegations. And if the league is forced to produce the materials, it could cast a harsh light on the New York Mets and other teams struggling with financial problems. The Dodgers filed for bankruptcy last month after the league vetoed the team’s proposal to sell future cable television rights, a deal that would have helped it meet payroll.
Federal and state officials are analyzing proposals that could help people who lost their homes or missed mortgage payments as a key part in resolving a multibillion-dollar case over botched foreclosure paperwork. Government negotiators are wrestling with banks and their mortgaging servicing arms over the amount of the settlement – from $5 billion to $20 billion – and then must decide how best to use the money. “We are getting close to a critical phase of negotiations,” said Geoff Greenwood, spokesman for Iowa Attorney General Tom Miller, who is leading attorneys general from all 50 states in investigating mortgage foreclosure problems. “We’ve finalized nothing, and we’re still working on some very complicated issues.”
*Credit card payments will not be accepted for bankruptcy cases, unless pre-approved by The Sader Law Firm. If you have a question about a credit card payment, please call our Office Manager at (816) 561 1818.
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