Monthly Archives: November 2024
Bankruptcy News and Update: Ninth Circuit Ruling on Erickson’s Bankruptcy Case and Key Takeaways
The Ninth Circuit Court of Appeals affirmed the dismissal of John Earl Erickson’s bankruptcy petition and imposed a two-year bar on refiling, following a series of legal proceedings. Here’s an overview of the court’s key findings and its implications: Background: Repeated Bankruptcy Filings The bankruptcy court found evidence of bad faith due to Erickson’s… Read More »
The Role of Bankruptcy Judges and How They Are Appointed
When you file for bankruptcy, your case is overseen by a bankruptcy judge. These judges play a crucial role in interpreting and applying bankruptcy law, ensuring that the legal process is carried out fairly for both debtors and creditors. Unlike other federal judges, bankruptcy judges have specific duties and a unique appointment process. An… Read More »
How Do Post-Judgment Interest Rates Affect Your Bankruptcy?
When a creditor obtains a judgment against you in court, the amount you owe may not be limited to the initial judgment amount. Post-judgment interest can accrue on the debt, increasing the total you owe over time. This interest is set by law and is meant to compensate creditors for the time it takes… Read More »
The Debtor’s Duties and Benefits Under Bankruptcy Law
Filing for bankruptcy can provide much-needed relief for individuals overwhelmed by debt. However, bankruptcy isn’t just about what you gain—it also comes with specific responsibilities. Knowing your duties and benefits as a debtor under bankruptcy law can help you navigate the process smoothly and secure the financial fresh start you need. A Los Angeles… Read More »