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November 2013 Archives

Secured creditors who do not participate in bankruptcy proceeding

Bankruptcy decisions are often complex and not always seemingly consistent.  For example, while many bankruptcy decisions in federal courts hold that creditors need to take an active role in protecting their claims and raise timely objections, one recent decision appears to go in the other direction.

Though filings down, there are many repeat bankruptcy filers

Bankruptcies are reportedly down 12 percent just from 2012 to 2013.  This is likely in part due to lower unemployment.  However, restrictive lending practices is also claimed to have played a role as well.

Majority of bankruptcies related to medical expense?

A young woman attending college in the state of Washington suffered severe head injuries when she was 10-years-old during a snowmobile accident.  And while she has spent close to half of her life facing various medical procedures and hospitalizations, she is now excelling in college with hopes of attending graduate school.