Yay! Stockton gets to stay in bankruptcy! By Clint Smith The bankruptcy judge in the Chapter 9 case of Stockton, California ruled that the case may proceed. Why is that news? Because Chapter 9, which applies to municipalities (cities and counties, mostly) is not automatic. Creditors (or other interested parties, like employees unions) can challenge […]
We’ve had another public disclosure of some bankruptcy fraud in the state of Idaho. A woman named Shauna Pennington was found guilty, in Criminal Court and in the Bankruptcy Court, of having provided false financial information and other things. Here’s what happened: In March of 2010 she apparently went to a bank to obtain a […]
by Clint Smith What is (was) an audit in a bankruptcy case? The United States Trustee’s (UST) Office oversees all bankruptcy cases. When an individual files a Chapter 7 or 13 personal case, a case trustee is appointed to administer the case, collect assets, and pay creditors. In most cases, the case trustee is the […]
Cities Declaring Bankruptcy | Mesa Bankruptcy Attorney It’s time for an update on municipal bankruptcy. As you know, San Bernardino, CA as well as Mammoth Lakes and Stockton filed for bankruptcy protection in recent weeks. Moody’s Investor Service does analysis of various parties to determine whether they are credit worthy. Investors rely on that analysis […]
“Well, I haven’t talked about the hostess bankruptcy yet, there are still lots of things happening in that case and are we ever going to be able to eat a Hostess twinkie again…” Learn more about the Hostess bankruptcy and some lessons to be leared from it.
In Mesa, AZ, Chapter 13 bankruptcy help is skillfully provided by the professionals at the office of Clint W. Smith, P.C. We know how to guide you through this process with as little stress as possible. We’ll help you to legally reorganize your debt so you can pay what you can while still being able […]