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Posts filed under: Chapter 7

Major Banks to Start Correcting Credit Reports After Bankruptcy

Reported by: Robert DeMarco Bank of America Corp. and JPMorgan Chase & Co. (the “Banks”) announced they are preparing to delete negative credit reporting records for some borrowers who filed for bankruptcy.  The Banks, along with Credit One Bank N.A.,...
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  • seniors and bankruptcy

Bankruptcy and Protecting the Assets of Seniors

Reported by: Robert DeMarco This May 13, 2015, New York Times article regarding bankruptcy and retirement accounts supports what I have been preaching to clients for years.  Time will always work against you. More often than not, people will deplete...
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Case History: In re Frost

Written by: Robert DeMarco Back around January 6, 2015, I appeared in Bankruptcy Court representing a chapter 7 trustee to argue that monies withdrawn from an Individual Retirement Account during the pendency of the case became property of the bankruptcy...
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Community Property | Bankruptcy | Non-filing Spouse

Written by: Robert DeMarco A recent Fifth Circuit opinion recently made it clear how important it is to understand the role community property plays in a bankruptcy setting. In Buescher v. First United Bank and Trust (In re Buescher) the...
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  • College degree and broke

Student Loans and The Price of a College Education

Written by: Robert DeMarco There has been a great deal of discussion lately regarding the mounting student loan debt in this country. It has risen to obscene levels – something akin to a rising death spiral. How the $1.2 Trillion...
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Discharge and the Case of Jose Canseco

Written by: Robert DeMarco Jose Canseco, former Major League Baseball outfielder and designated hitter, is probably best know for his record setting season in 1988 when he hit 42 home runs and stole 40 bases. He also achieved a great...
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