Should I buy stock in a company that has filed bankruptcy and is being bought by another?

Posted on July 4th, 2010 by admin  |  33 Comments »

swcc asked:


Lehman Brothers has filed bankruptcy and is being bought by another company., Barclay’s. Do I buy stock under Lehman’s or Barclay’s, the company who is buying them out? It was said that trading of Lehman shares were halted because of the decision to buy.

What happens if I enter the wrong “date incurred” for a debt when filing bankruptcy?

Posted on July 2nd, 2010 by admin  |  112 Comments »

rose asked:


I am trying to file bankrupcty without an attourney because quite frankly if I had $1000.00 or more extra dollars laying around to pay a lawyer I wouldn’t be filing. Anyway, there are places on the forms where you have to list the “date incurred” for each debt you are including. Some of these debts are very old and I can not remember when I incurred them. Some of them are credit cards and are several charges incurred over a period of time on one account. I am worried that if I enter a wrong “date” it will some how effect the discharge of that debt. For instance if I entered 2004 for a debt actually incurred in 2003, would any amount owed prior to the date I entered (2004) be excluded or would the debt be excluded alltogether if the dates aren’t accurate? Will my bankruptcy fail acceptence if the dates are wrong? What are the guidelines?

does filing bankruptcy release you from a small claims judgment?

Posted on June 18th, 2010 by admin  |  2 Comments »

dadunkadunk asked:


A customer of mine is filing Bankruptcy.The lawyer is taking his sweet ol’ time filing. If I bring him to small claims court, will the Bankruptcy (if ever) viagra the small clams judgment?

What is more worst bankruptcy or Foreclosure and why?

Posted on June 13th, 2010 by admin  |  47 Comments »

jyoti asked:


What is more worst bankruptcy or Foreclosure and why?
I know both are bad but what is more bad

If an individual declares bankruptcy, is he required to notify creditors and if so, how’s he supposed to do it?

Posted on June 11th, 2010 by admin  |  1 Comment »

Jerry 71 asked:


This person lost in small claims court and I was awarded $1500. Still haven’t collected it. The court and all parties involved are in California. Thanks. Yeah, I am concerned that the deadbeat will declare bankruptcy.

Where can I get copy or certified copy of a Bankruptcy schedule filed in 2002?

Posted on June 6th, 2010 by admin  |  2 Comments »

cp71800 asked:


I’m trying to find a copy of my uncle’s bankruptcy schedule that was filed back in 2002 here in Los Angeles California. What is the procedure to do that? Can we get it online or have to go in person to the court? Any information will be helpful. Thanks

How do I rebuild my credit after one has filed for bankruptcy. I do not have a lot of income?

Posted on June 4th, 2010 by admin  |  5 Comments »

yuniquematthew asked:


My score now is I think less than 500. I have tried to get credit but they have denied me due to many outstanding debts. I thought that after you file they only see that you filed for bankruptcy?? Please help because I am lost.

Is it possible to get a lean released after the bankruptcy was filed 7 years ago?

Posted on June 3rd, 2010 by admin  |  2 Comments »

Bradly M asked:


I filed bankruptcy 7 years ago. My Lawyer done good to get the debt released but there is still a lean on my property. Now I am selling my house but there is still a lean that I have to repay. Is it possible to have it released? and How.

How to I file a claim for reimbursement against a company that filed bankruptcy?

Posted on June 3rd, 2010 by admin  |  1 Comment »

HooHoo asked:


Today I called about my gift card for Bennigan’s and I received the following message.

“S&A Restaurant Corp. and certain affiliates have filed for bankruptcy under Chapter 7 of the bankruptcy code. The companies that filed bankruptcy cases are popularly known as Steak & Ale, Bennigan’s and Tavern restaurants. However, not all stores using these trade names have filed bankruptcy. For example, stores operated by franchisees are not named as debtors in these filings.

“It is our understanding the Michelle Chow will be appointed as Chapter 7 trustee for the entities that have filed. These are filed as liquidation cases. Future decisions regarding the affairs of the debtor companies will be determined and administered by the trustee.

“If you wish to file a claim, the form Proof of Claim can be found online at: http://www.uscourts.gov/rules/BK_Forms_1207/B_010_1207f.pdf.

“The filing does not include Ponderosa and Bonanza which operate under Metromedia Steakhouses Company, L.P.”

My question is…

How do I file a claim? (There are many terms and questions on the form that I am not familiar with and I would love to see an example of a completed form.)

Can I stop making mortage payments if I am in bankruptcy? And can I just walk away?

Posted on June 1st, 2010 by admin  |  3 Comments »

bridget8467 asked:


Our home is part of the bankruptcy; we can not afford to make payments anymore. We just want out!