Record Credit Card Debt Hits $1.14 Trillion According to data released on Tuesday by the Federal Reserve Bank of New York, U.S. credit card debt has surged to an unprecedented $1.14 trillion. This marks an increase of $27 billion from the $1.13 trillion reported in the second quarter of … [Read more...]
Can I Keep My Paid Off Car in Chapter 7?
"Ever since I lost my business during the pandemic, I’ve feared going down the road to bankruptcy. Of all the things I worried about, the one that kept troubling me most was a creditor coming for my car," Dale told his friend Ernie. “I get it, there’s something about a man’s car that makes it more … [Read more...]
China Evergrande’s EV arm units to enter bankruptcy, reorganization proceedings | Warren & Migliaccio
Subsidiaries to Undergo Bankruptcy and Reorganization On Monday, China Evergrande's electric vehicle division reported that a Chinese court has mandated the bankruptcy and reorganization of two of its subsidiaries. This announcement led to a significant drop in the EV group's shares, which fell by … [Read more...]
Filing Chapter 7: What Happens to My Cosigner?
Facing Chapter 7 bankruptcy is tough, not just for you but also for those tied to your financial journey. One critical concern many have is what happens to my cosigner if I file chapter 7. In this piece, we're setting out to help you understand Chapter 7 bankruptcy and its impact on your cosigners, … [Read more...]
How Two Non-Bankruptcy Attys Won A Rare Ch. 7 Jury Trial | Warren & Migliaccio
A pair of Boston-based attorneys from Davis Malm, Christopher Marino and Gary Matsko, achieved a rare victory in a bankruptcy-related jury trial. Despite not specializing in bankruptcy law, they successfully defended Arthur Demoulas, a majority shareholder in W.J. Bradley Mortgage Capital LLC, … [Read more...]
Applications Open for PACER User Group | Warren & Migliaccio
Federal Judiciary Seeks Applicants for EPA Public User Group The federal Judiciary is inviting applications for its EPA Public User Group, which advises on enhancing electronic public access (EPA) services. This group comprises up to 12 members from diverse sectors, including legal, commercial, … [Read more...]
Texas Court Affirms and Partially Reverses Divorce Decree Over Retroactive Child Support and Tort Claims | Warren & Migliaccio
In a recent appellate court decision, Rickey G. challenged a divorce decree issued after a bench trial that dissolved his marriage to Shannon G. The decree included rulings on conservatorship and possession of their child and awarded Shannon G. $132,000 in damages for claims of civil assault and … [Read more...]
The 3 Types of Co-Parenting, and How Each Impacts the Kids | Warren & Migliaccio
Co-parenting after divorce or separation can be a challenging but essential aspect of maintaining a stable environment for the children involved. Shared care can be classified into three types: cooperative, parallel and conflicted, and many experts agree that they can be ranked from the worst-case … [Read more...]
Amex Inks $3M Deal To Settle Girardi Bankruptcy Suit Claims – | Warren & Migliaccio
American Express has agreed to a $3 million settlement to resolve claims by the Girardi Keese bankruptcy trustee. The trustee accused American Express’s banking unit and a subsidiary of facilitating $50.25 million in fraudulent transfers as part of the defunct law firm’s scheme to deceive … [Read more...]
3 ways your credit card debt can be forgiven | Warren & Migliaccio
If you're feeling overwhelmed by expensive credit card debt, there are a few different debt forgiveness options to pursue. Credit card debt can be a significant financial burden, but it's one that many Americans are carrying. Not only does the average cardholder have nearly $8,000 in credit card … [Read more...]
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