News

Bankruptcy Attorneys Serving Central California Since 1970


		Saturday, July 4, 2009

News

Top Headlines
[07/02] DEA joins Michael Jackson death probe
[07/02] As deficit grows, Calif. prepares to issue IOUs
[07/02] Companies pledge more openness about Web tracking
[07/02] SC governor silent as clamor grows for resignation
[07/01] Court rulings loom on campaign funds, civil rights
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Financial Services
[07/02] Network Merchants Inc (NMI) Launches CertifyPCI(TM) - an In-House PCI Certification Tool
[07/02] Aon Announces Second Quarter 2009 Earnings Release and Conference Call
[07/02] Is Financial Infidelity a Threat to Your Marriage? Psychiatrist Says It Can Be More Devastating Than an Affair
[07/02] ECB keeps interest rate at 1 pct
[07/01] MainStreet Bank Receives Award
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Tax
[06/25] Obama not closing door on possible health care tax
[06/23] Hyundai CEO: Gas tax may ease consumer uncertainty
[06/19] House eyes new taxes as senators pare health bill
[06/17] IRS, Treasury want cell phone tax repealed
[05/29]
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Case Summaries

Bankruptcy Law

[06/30] Tate v. Bolen
The dismissal of Debtors' bankruptcy petition for abuse is reversed, where Debtors should have been allowed to deduct a transportation ownership deduction under the plain language of 11 U.S.C. section 707(b), even though they had no loan or lease payment on their vehicle.

[06/26] Cunning v. Rucker
In an appeal from the Bankruptcy Court's order denying an exemption for Debtor's assets in pension and 401(k) plans, the order is affirmed, where the retirement plans were not designed and used primarily for retirement purposes.

[06/26] Braunstein v. McCabe
In an action related to bankruptcy proceedings, district court judgment is affirmed where: 1) the court properly denied plaintiff's jury trial demand in the turnover action as no Seventh Amendment right to trial by jury attaches to the statutory turnover action authorized by 11 U.S.C. sec. 542; 2) the court properly granted attorney Ziady's motion to dismiss the defendant's fourth-party complaint for negligent misrepresentation as attorney Ziady owed no legal duty to defendant; and 3) the court did not abuse its discretion in denying defendant's motion to amend the fourth-party complaint, as the record shows that the defendant's proposed amendment would have been futile. District court judgment is reversed where the court erred in its turnover order for the insurance proceeds as defendant's expenditures were not made in the ordinary course of business.
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Should I list my monthly obligations, like my utility bills, in my bankruptcy case if I am current on such payments?

Generally no. If the debtor is current on his or her payment of certain monthly obligations such as utility bills, there is no point in listing the utility company as a creditor. In fact, by listing it as a creditor, it might prompt the utility company to demand a deposit for future services.

Our bankruptcy practice is primarily focused in the Central District Of California, which includes Los Angeles County, Orange County, Riverside County, San Bernardino County, Santa Barbara County, Ventura County and San Luis Obispo County. Our Southern California bankruptcy attorneys see clients from all over the greater Los Angeles area and Southern California, including Santa Monica, Long Beach, Anaheim, Pasadena, Orange, Huntington Beach, Newport Beach, Garden Grove, Irvine, Yorba Linda, Riverside, San Bernardino, Pomona, Torrance, Simi Valley, Mission Viejo, Ontario, Glendora, and Covina. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.