Blog Posts in 2010
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Posted on Sep 23, 2010 By Stone Law Firm
In the state of Utah, statistics are showing that there has been an increase in the year-over-year drop in existing home sales. In fact, home sales in Salt Lake County during the month of August ...
Continue reading "Foreclosures Cause Decrease in Utah Home Sales" »
Posted on Sep 22, 2010 By Stone Law Firm
This week, Reuters reported that shares in Netflix reached an all-time high. Many speculate that the rise in shares was attributed to the fact that the company's major competitor, Blockbuster, filed ...
Continue reading "Blockbuster Moves Forward with Filing for Bankruptcy and Netflix Shares Rise" »
Posted on Sep 16, 2010 By Stone Law Firm
This week, it was announced that Blockbuster's CFO for the past three years, Thomas Casey, has resigned his position. According to Businessweek, the resignation was agreed upon by the company and ...
Continue reading "Blockbuster CFO Resigns " »
Posted on Sep 15, 2010 By Stone Law Firm
In Atlanta, Republican candidate Nathan Deal recently addressed his financial issues that left him with $2 million in debt. Despite his large amount of debt, Deal said he refuses to file for ...
Continue reading "Atlanta Republican Cadidate Says He Will not File for Bankruptcy" »
Posted on Sep 9, 2010 By Stone Law Firm
Last year, Federal Deposit Insurance Corp. was seized by banking regulators. Now, a federal judge has rejected the company's claim that it is owed more than $900 million from its former parent, ...
Continue reading "Judge Rejects Claim by Federal Deposit Insurance Corp" »
Posted on Sep 8, 2010 By Stone Law Firm
This past year, the Administrative Office of U.S. Court reported that bankruptcy filings in the country increased by 20%. Between June 2009 and June 2010, 1.5 million people filed for bankruptcy. Last ...
Continue reading "Bankruptcy Filings Increase by 20% in the U.S. in 2010" »
Posted on Sep 2, 2010 By Stone Law Firm
A new report by the American Bankruptcy Institute shows that the number of personal bankruptcies filed in August decreased. The report shows that consumer bankruptcy filings fell by 8% to 127,028 ...
Continue reading "Bankruptcy Filings Drop by 8% in August" »
Posted on Sep 1, 2010 By Stone Law Firm
This week, multiple news sources are stating that Teresa Giudice (of the Housewives of New Jersey) and her husband Joe are in a lot of trouble. Earlier this year, the couple filed for bankruptcy and ...
Continue reading "Giudices in More Trouble over Bankruptcy Filing" »
Posted on Aug 26, 2010 By Stone Law Firm
This Wednesday, it is reported that Visteon Corp. asked a federal bankruptcy court for approval of a $700 million bankruptcy exit financing plan. If the plan is approved by the US bankruptcy court in ...
Continue reading "Visteon Corp. Asks for Approval of Bankruptcy Exit Financing Plan" »
Posted on Aug 25, 2010 By Stone Law Firm
When people file for Chapter 7 or Chapter 13 bankruptcy , there are great benefits, but there are also several consequences. For example, when people file for consumer bankruptcy it will appear on ...
Continue reading "Important Post Bankruptcy Steps" »
Posted on Aug 19, 2010 By Stone Law Firm
This Monday, court documents revealed that days after filing for Chapter 7 bankruptcy last year, star of The Real Housewives of New Jersey Teresa Giudice spent $60,000 on high-end furniture. At this ...
Continue reading "Giudices Spent Thousands After Filing for Bankruptcy" »
Posted on Aug 18, 2010 By Stone Law Firm
This week news sources reported that bankruptcy filings throughout the nation have reached their highest level in five years between the months of April and June. At this time period, bankruptcy ...
Continue reading "Bankruptcy Filings Surge in the US" »
Posted on Aug 12, 2010 By Stone Law Firm
After filing for Chapter 7 or Chapter 13 bankruptcy, people will have to take additional measures to rebuild their credit scores. Once people have filed for bankruptcy, it will appear on their credit ...
Continue reading "Take Steps to Repair Your Credit after Bankruptcy" »
Posted on Aug 11, 2010 By Stone Law Firm
One week after filing for Chapter 11 bankruptcy, Mexicana Airlines said that it would cut some of its flights, primarily international flights from Mexico City. The airline is trying to cut costs as ...
Continue reading "Mexicana Airlines Files for Chapter 11" »
Posted on Aug 5, 2010 By Stone Law Firm
Many people who choose to file for Utah bankruptcy believe that when they complete the process, all of their debt will be eliminated. However, only unsecured debt is discharged after people have ...
Continue reading "Not all Debt is Dischargeable through Bankruptcy" »
Posted on Aug 4, 2010 By Stone Law Firm
This week, it was announced that the number of consumer bankruptcies filed in the state of Utah has increased by 31% compared to 2009. In the first six months of 2010, 8,942 people in Utah filed for ...
Continue reading "Utah Bankruptcies on the Rise" »
Posted on Jul 29, 2010 By Stone Law Firm
Most people do not realize that student loans are not dischargeable under Chapter 7 or Chapter 13 bankruptcy . Only unsecured debt, like credit card debt, is dischargeable. Student loans are ...
Continue reading "Bankruptcy and Student Loan Debt" »
Posted on Jul 28, 2010 By Stone Law Firm
When people file for Chapter 7 or Chapter 13 bankruptcy in Utah, they will be responsible for fulfilling paperwork production requirements. These requirements are outlined by Section 521 (a)(1)(B) and ...
Continue reading "Required Bankruptcy Documentation" »
Posted on Jul 22, 2010 By Stone Law Firm
Before people can file for Chapter 7 bankruptcy or Chapter 13 bankruptcy , they must complete credit counseling as it is mandatory requirement in the United States. Below, our firm addresses some ...
Continue reading "Credit Counseling FAQ" »
Posted on Jul 21, 2010 By Stone Law Firm
Generally, people choose to file for Chapter 7 bankruptcy when they realize that they cannot keep up with their debt. People who consider Chapter 7 usually know that they cannot afford to repay the ...
Continue reading "Why Do People Choose to File for Chapter 7?" »
Posted on Jul 15, 2010 By Stone Law Firm
In the month of June, RealtyTrac reported that national foreclosures continued to decrease. Compared to the month of May, foreclosures dropped by 3%. In the month of June, RealtyTrac says that 313,841 ...
Continue reading "June 2010 Foreclosures " »
Posted on Jul 14, 2010 By Stone Law Firm
There are countless people in the United States that are currently dealing with or who have had to deal with creditor harassment due to credit card debt . The question most people ask when they are ...
Continue reading "Dealing with Creditor Harassment" »
Posted on Jul 8, 2010 By Stone Law Firm
Anytime people plan to file for Chapter 7 in Utah or any other state, they will have to take the means test to determine if they meet bankruptcy eligibility requirements. If you would like to know ...
Continue reading "At Home Means Test" »
Posted on Jul 7, 2010 By Stone Law Firm
Are you planning to file for Chapter 7 or Chapter 13 ? If so, you should not borrow money against your home to pay off your debt or consolidate debt. In the past, people thought this was a good idea, ...
Continue reading "Bankruptcy and Borrowing Money against Your Home" »
Posted on Jul 1, 2010 By Stone Law Firm
Deciding to file for Utah bankruptcy is a huge decision that can impact a person's life for many reasons to come. Before you move forward with filing for consumer bankruptcy, answer these three ...
Continue reading "Ready to File for Bankruptcy? Answer These Questions First" »
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