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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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  • Denial of Confirmation

‘Cause Baby It Ain’t Over ‘Til It’s Over — Lenny Kravitz

Written by: Robert DeMarco Earlier this month, the United States Supreme Court ruled that an order denying confirmation of a chapter 13 plan of reorganization was not immediately appealable. Bullard v. Blue Hills Bank, No. 14-116, 2015 WL 1959040 (U.S....
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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Back around January 6, 2015, I appeared in Bankruptcy Court representing a chapter 7 trustee to argue that monies withdrawn from an Individual Retirement Account during the pendency of the case became property of the bankruptcy...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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Walt Disney Never Filed Bankruptcy

Written by: Robert DeMarco There are countless websites that state, rather unabashedly, that Walt Disney filed for bankruptcy. That is simply not the case. See disney.wikia.com; wikipedia.org. Unfortunately, too many people regard the internet as gospel. While Walt Disney never...
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Michael S. Mitchell Receives Certification in Consumer Bankruptcy Law

AUSTIN (February 20, 2015) ­­− Texas Board of Legal Specialization (TBLS) announced that Michael S. Mitchell received Board Certification in the area of Consumer Bankruptcy Law. Mr. Mitchell currently practices in Plano, Texas where he is part of the firm...
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  • Texas Energy

Gates’ Texas Energy Files For Bankruptcy

Written by: Robert DeMarco Optim Energy, LLC, (“Optim”) filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code on February 12, 2014, in the United States Bankruptcy Court, District of Delaware [Case No. 14-10262 (BLS)]. Optim is...
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  • Board Certified - Consumer Bankruptcy

Robert DeMarco: Certified in Consumer Bankruptcy by the Texas Board of Legal Specialization

Robert DeMarco has been practicing bankruptcy law in California and Texas for over 25 years — representing both consumers and business owners. After years of hard work and dedication, he decided to take the next step and become Board Certified...
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