Molleur Law Blog

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Dischargeability of Taxes

Posted on 11/05/2006 at 05:23 pm | Viewed 1,545 times

Bankruptcy Article #7

In a Chapter 7 case, Section 523 of the Code determines which tax debts are non-dischargeable. Included are:

  1. Taxes entitled to priority under Section 507(a). See Section 523 (a) (1) (A).
  2. A tax due upon filing a return, but the return is not filed. Section 523(a) (1) (B)

Accuracy of Property Valuation

Posted on 10/11/2006 at 12:00 am | Viewed 516 times

Bankruptcy Article #20

Hannigan v. White, 1st Circuit Court of Appeals
Decided on June 2, 2005

The First Circuit held that the bankruptcy court was entitled to determine that a debtor, who intentional undervalued his property, could not later amend his

Process of a Chapter 13 Bankruptcy Case

Posted on 09/19/2006 at 05:45 pm | Viewed 1,533 times

Bankruptcy Article #23

James Molleur
September, 2006

This article will explain, in general, the process of a Chapter 13 case in the State of Maine. There are several steps that every Chapter 13 case follows:

  • The creation of the Chapter 13 plan
  • The trustee

Winners and Losers under BAPCPA

Posted on 09/14/2006 at 07:30 pm | Viewed 2,931 times

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 altered the relationship of debtors and creditors, and even altered the relationships between creditors.

Debtors are generally losers under this major revision of the Bankruptcy Code (initially adopted in 1978, and only minimally changed over the past 27 years, until

Payment Demanded for Vehicle in Bankruptcy

Posted on 09/04/2006 at 05:42 pm | Viewed 958 times

Bankruptcy Article #19

Update- September 1, 2006

On September 1, 2006, the First Circuit Court of Appeals reversed the Maine Bankruptcy Court decision in Pratt v. GMAC.

This is one of the most significant decisions in consumer bankruptcy in recent years, and represents a recognition by the

How to Correct Mistakes On Your Credit Report

Posted on 08/28/2006 at 05:12 pm | Viewed 1,262 times

Bankruptcy Article #3

Once someone successfully completes a bankruptcy, by receiving a bankruptcy discharge, it is usually necessary to check credit reports to make sure they accurately reflect the status of each former financial obligation. It makes sense to obtain these credit reports within 3 months after receiving the

Foreclosure Rescue Scams

Posted on 08/12/2006 at 05:44 pm | Viewed 1,414 times

Bankruptcy Article #22

James Molleur
Aug 12, 2006

Homeowners with both fixed and adjustable rate mortgages are finding themselves in financial distress. Foreclosure rescue scammers are agressively preying upon these homeowners, causing them to lose their built up equity and their home. The scammers lead the

Disincorporations

Posted on 08/02/2006 at 05:37 pm | Viewed 1,201 times

Bankruptcy Article #15

Closely held corporations, in which there are only one or two shareholders can not file the corporation into bankruptcy unless the corporation files a Chapter 11 case. Chapter 11 bankruptcy cases are expensive. The filing fee for a Chapter 11 is $1,000 (compared to a $274 filing fee for a Chapter 13 case)

Automatic Stay Violations

Posted on 05/31/2006 at 05:34 pm | Viewed 3,083 times

Bankruptcy Article #14

11 U.S.C. Section 362 of the Bankruptcy Code, otherwise known as the "Automatic Stay" is perhaps the most well known section in the Code. The Stay comes into play in every bankruptcy case at the moment the bankruptcy petition is filed with the Court Clerk's office. Section 362(a) delineates the types of

Reorganization of a Business

Posted on 02/07/2006 at 05:39 pm | Viewed 802 times

Bankruptcy Article #16

A. Authority under Chapter 13

  • Only sole proprietorships can conduct a business in Chapter 13. 11 U.S.C. Section 1304(a) provides a description of a person who is considered in business under Chapter 13:

    (a) A debtor that is

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