On this Thanksgiving Day, we take time to express our daily gratitude for the simple pleasures of life—good friends, family, people we hold dear. As we gather together, help us be grateful and let us share our bounty with our brothers and sisters. … [Read more...]
Happy Halloween!
THE TELEPHONE CALL NO ONE WANTS TO RECEIVE
I remember like it was yesterday. I was told I had a call I needed to take. When I picked up the woman stated her name and said she was with the IRS and that they had issued a warrant for my arrest because I had not paid my taxes! She indicated that … [Read more...]
Seasons Greetings & Happy New Year from John Hargrave & Associates
2015 Christmas Story – TIME – John W. Hargrave
TIME By: John W. Hargrave Imagine there is a bank that credits your account each morning with $86,400. It carries over no balance from day to day. Every evening the bank deletes whatever part of the balance you failed to use during the day. … [Read more...]
Supreme Court Limits Stripping Second Liens in Chapter 7
In a decision which probably caused mortgage bankers everywhere to pop champagne corks and party like it’s 1999, the High Court ruled that Chapter 7 debtors are not entitled to strip-off a second lien on residential property. Lien Removal and … [Read more...]
Who’s The Boss?
In a 6-3 decision, the Justices gave significantly more power to bankruptcy judges, provided that they use this authority under carefully controlled circumstances. Facts The underlying dispute in Wellness International v. Sharif began in 2005, … [Read more...]
Another Bankruptcy Filing Reduction
The filing rate decreased 6.5 percent in The Garden State, while nationwide, bankruptcy filings were down by almost 13 percent. By direct comparison, filings in New York were down 11.5 percent 11.8 percent in Pennsylvania. Does this mean that … [Read more...]
Corinthian College Bankruptcy Leaves Students In Limbo
A major for-profit private school has declared bankruptcy and ceased operations, leaving thousands of students with significant debt and no degrees. The closure has also raised questions about the nature of student loans and personal … [Read more...]
The Taxman Cometh
Another tax filing season has come and gone, but millions of Americans still owe back taxes to a state or the federal government. Bankruptcy can offer relief from onerous collection tactics and, in many cases, eliminate the underlying debt … [Read more...]
