SpaceX filed a complaint with the Court of Federal Claims earlier this year challenging the Air Force’s Evolved Expendable Launch Vehicle contract on the basis that it violates fair competition and federal sanction laws due to the sole-source multi-rocket provisions of the contract. How will lawsuit play out? The Air Force is seeking to have […]
If you are a homeowner struggling to pay your mortgage, it is important to consider all of your debt relief options. Two options you should educate yourself about are filing for bankruptcy and short sales. What is a short sale? A short sale is the process that permits you to sell your house for a […]
The primary goal of filing a personal bankruptcy is to eliminate debt or obtain a “discharge of debt.” What is a discharge order? A discharge order cancels your liability to repay the debt. As a result, many people save thousands of dollars by filing a Chapter 7 or Chapter 13 case, which is often referred […]
When you think of bankruptcy, you probably think of Chapter 7 liquidation. However, Chapter 13 can provide individuals the opportunity to reorganize their finances and obtain relief from their debt. Chapter 13 Bankruptcy Plan To be eligible to file a Chapter 13 case, you must have a regular source of income to fund your plan […]
Lockheed Martin, the defense contractor based in Bethesda, Maryland, announced recently that it is freezing pension benefits that will impact nearly 48,000 salaried employees over a period of four years. Lockheed Martin Lockheed had closed its pension plan to new employees in 2006. It intends to replace the defined-benefit plan with an enhanced 401k. Under […]
It is always uplifting to hear stories about corporate America taking time to care about the little guy. Lear Capital We recently came across such a story about some Lear Capital business executives out of Los Angeles who paid the fines being assessed against a Florida homeowner. The homeowner, who was also a veteran, was […]
Many Florida homeowners are not aware of a helpful law called the “Foreclosure Rescue Fraud Prevention Act of 2008 (the “Act”).” If you are struggling to pay your mortgage loan and you believe foreclosure is in your future, it is important to understand how this relatively new law protects you. The Act requires a foreclosure […]
If you are past due on your taxes, you are likely wondering if you can discharge the debt in your bankruptcy. It is important to have a seasoned bankruptcy attorney review your taxes and help you understand what is dischargeable because some taxes can be eliminated while others cannot. What happens if I do not […]
Married couples have a very important decision to make when filing for bankruptcy protection — should both spouses file or just one of them? There are many factors that must be considered in making this decision. Should Married Couples File Bankruptcy Separate or Together? Debt One of the most cruical factors to consider is whether […]
If you have filed a personal bankruptcy in the past and you are considering filing another case, it is critical that you obtain the advice and guidance of a seasoned bankruptcy attorney. Consequences for Serial Bankruptcy Filers Serial filers can face severe consequences; including the impact prior bankruptcies have on the automatic stay. If you […]
