Few things are as alarming as discovering that a creditor has frozen your bank account. This situation can feel overwhelming and distressing, especially if your funds are needed for essential expenses. But understanding the process and knowing your options can make a significant difference in … [Read more...]
Which debts are not forgiven when you file for bankruptcy?
This blog was written by Christopher Migliaccio, co-founder of Warren & Migliaccio, L.L.P. Chris is a recognized expert in bankruptcy law and has represented thousands of clients through the bankruptcy process. In this article Chris will reveal what debts are not forgiven when you file for … [Read more...]
Are Student Loans Forgiven When You File for Bankruptcy?
Update (November 8, 2024): Just yesterday on November 7, 2024 The New York Times reports "Judge Halts Biden Student Debt Plan Right After It Was Allowed to Proceed". A federal judge in Missouri temporarily blocked a Biden administration plan to cancel student debt less than a day after another … [Read more...]
Second Circuit Upholds $2.5 Million Chapter 7 Bankruptcy Settlement Amid Creditor Dispute| Warren & Migliaccio
A New York Bankruptcy Court Correctly Refused to Overturn the Approval of a $2.5 Million Settlement A New York bankruptcy court correctly refused to overturn the approval of a $2.5 million settlement in the bankruptcy of a founder of defunct hedge fund Platinum Partners, the Second Circuit ruled … [Read more...]
How Grandparents Can Use 529 Plans to Support Their Grandchildren’s Education | Warren & Migliaccio
The Cycle Continues Your adult children — one of the first generations to benefit from Section 529 plans — are saving for their kids’ college educations through 529 accounts of their own. Did you know that parents aren’t the only ones who can establish 529 plan accounts? As a grandparent, you can … [Read more...]
Bobby McCray Files for Divorce from Khadijah Haqq After 13 Years of Marriage – Warren & Migliaccio
Super Bowl champion Bobby McCray has officially filed for divorce from his wife, Khadijah Haqq, after 13 years of marriage. The couple, who agreed to separate last year, has now taken the formal step, with McCray filing the divorce papers on Friday. Separation Date and Reason for Divorce According … [Read more...]
Ch. 7 Trustee Can’t Recover Tax Payment, States Tell Justices | Warren & Migliaccio
States Support Federal Government in IRS Tax Payment Case A coalition of 22 states and the District of Columbia has aligned with the federal government in appealing to the U.S. Supreme Court to overturn a ruling that mandated the IRS return a tax payment. This arose when a bankruptcy trustee deemed … [Read more...]
How Does Filing for Bankruptcy Affect Your Credit Score?
Filing for bankruptcy is a significant financial decision, one that comes with both immediate relief and long-term consequences, particularly concerning your credit score. As an attorney who has guided thousands of clients through Chapter 7 and Chapter 13 bankruptcies, I understand the anxiety and … [Read more...]
AllHere Education Inc. Files for Chapter 7 Bankruptcy Amid – | Warren & Migliaccio
Boston-Based Harvard Innovation Labs Venture Cites Financial Woes AllHere Education Inc., a Boston-based Harvard Innovation Labs venture, has filed for Chapter 7 liquidation in Delaware, citing financial difficulties and concerns about the privacy of students' data. The company, which provided … [Read more...]
When Does Trying to Collect a Debt Become a Crime?
Debt collection is a legitimate activity that allows creditors to recover money owed to them, but there are strict legal boundaries that debt collectors must follow. When these boundaries are crossed, particularly in Texas, the act of trying to collect a debt can shift from being lawful to criminal. … [Read more...]
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