Get Bankruptcy Help

Several people seeking compensation for diseases and death due to asbestos exposure on U.S. naval ships say those responsible for issuing payment are unfairly discriminating against them because they aren’t U.S. citizens.

The allegations form the basis for a newly filed lawsuit related to the 1982 bankruptcy of Johns Manville Corp., a manufacturer of building products that used Chapter 11 to resolve a wave of litigation by people claiming to have become ill from the asbestos in its products.

The latest suit, filed Tuesday in Manhattan bankruptcy court, concerns asbestos-related illnesses contracted by men from England, Greece and Malta who worked on active-duty U.S. warships docked in their home countries as well as in places like Hawaii’s Pearl Harbor and Virginia’s Norfolk Naval Shipyard. Some of the men died from their illnesses, which include malignant mesothelioma, asbestosis and gastrointestinal cancer.

Each man filed a claim against a trust set up to compensate those who became ill from Johns Manville’s products. The men

Read more…

Early Monday morning, severe thunderstorms and tornadoes passed through Birmingham, Alabama.

Officials reported that the storms left at least 100 people injured, and more than 210 homes damaged in Jefferson County.  2 people died in the tornado that hit Birmingham at around 3:30 a.m.

In the aftermath of the storms, authorities believe 36,000 people were without power, and hundreds of people were trapped inside homes and buildings.  So far, 7 counties in the state have reported damage from the storms.

This week’s storms have been especially difficult as the state is still trying to recover from the 240 tornadoes that destroyed much of Alabama and took hundreds of lives in April 2011.

The Birmingham bankruptcy lawyers of Greenway Law, LLC are sorry for the losses experienced in this week’s storms.  To read more about this story, see AFP.

Summary: Former Treasury Sec. Henry Paulson says the U.S. and China both need long-term, fundamental reform to restore competitiveness and sustain growth that will improve the global economy. Read more…

I know most people want to pay their taxes honestly theyre not looking to cheat the system. However if they qualify for a tax deduction that can lower their obligation or even increase their tax refund, 99 out of 100 times theyll take it. The problem is that sometimes even with the best intentions tax filers can overlook legitimate tax deductions that they are entitled to.  I can fix that problem with todays article.

Ill share a few overlooked tax deductions that people miss out on. Ill group them by family, home, and finally business. I hope it makes it easier for you to find a deduction you can claim next time you file your taxes.

It always starts at home, right? The good news is that taking care of your family can be a tax benefit come tax time.

• Personal property taxes: You may have received a state and local tax bill during the year for your personal property like a recreational vehicle. W

Read more…

“Make Me An Offer: Trustee Can Sell Aston Martin Owned By Madoff Brother”

“Bankruptcy judge orders sale of Peter Madoffs $270K vintage Aston Martin”

“Peter Madoff’s Aston Martin to Be Auctioned to Pay Victims”

These three news articles from the New York Post, Business Week, and The Wall Street Journal easily catch our attention when they publicized the sale of the 270 thousand dollar Aston Martin automobile going on the auction block to return a portion of money to victims of a fraudulent investment scheme.

1)    About 70% of bankruptcies are Chapter 7 bankruptcies [aka “straight bankruptcies”] and

2)    Most of those are no-asset cases;

3)    A “no-asset” bankruptcy involves a Chapter 7 bankruptcy where the debtor has no assets to liquidate and unsecured creditors receive no distribution of money.

While renting the Hangover II is probably the closest most of us have come to visiting Thailand recently, thousands of people from the United States visit the country each year for a variety of reasons, which, interestingly enough, include the increasingly popular trend of medical tourism. The fact that people are willing to travel clear across the world for anything from cosmetic surgery to dental services is surprising enough in its own right, but that’s nothing compared to the fact that one may be able to use airline miles to not only book travel, but also to pay for the procedures themselves. In other words, the right credit card could conceivably be your ticket to free health care.

You see, Thai Airways – the 5th best international airline in the world, according to CNBC – recently offered a promotion that allowed members of its loyalty rewards program, Royal Orchid Plus, to use their miles for a wide array of medical procedures, including, but not limited to, the following:

• Breast augmentation
• Eyelid surgery
• Liposuction
• Botox
• Hair transplants
• Laser hair removal
• Teeth whitening
• Kidney cleaning
• Non-surgical facelifts
• Check-ups

All you had to do was go online and book your flight as well as the procedures you planned to undergo at one of Thailand’s hospitals or specialty clinics. While t

Read more…

Recently, sports agent Lee Steinberg filed for Chapter 7 bankruptcy.  The agent is famous for representing top athletes like Troy Aikmen and inspiring the 1996 film Jerry Maguire and its main character.

Steinberg currently owes $1.4 million in a lease for a property in Newport Beach.  The Chapter 7 bankruptcy filing lists total debts between $1 and $5 million, and only one asset of $475,000 in stock.

The sports agent said he accumulated debt while he was in rehab to recover from an alcohol addiction, and his business suffered as a result of these debts.  Steinberg says he has been sober since 2010.

What is a corporate Blog ? The term blog was coined somewhere around 1999, and at present Webster’s describe a blog as a diary; a personal chronological log of thoughts available on a Web page. More notably, it says that blogs are normally updated daily and that blogs often mirror the personality of the author. But think seriously about recurrent blogging or corporate blogging for your business. According to a verified source focused on blogs, whether personal blogs or a corporate blog, only a very tiny percentage are updated regularly. What matters the most these days is what you write not the quantity or frequency of posting

For a company or a trade or a business, there are several potential reasons to have a functioning blog, but, what you really need to mull over before blogging, is: What are your reasons for having a corporate blog?

Is it an opportunity for you to have a more personal relationship between yourself and your clients?

Is the blog just a place where members can communicate and keep each other updated without wasting time?

Are you using a corporate blog to establish your business as a thought leader to make the right people pay attention?

Or are you just using your corporate blog to test ideas or products, a place where people can comment, and provide you with a measure of value or interest?

News, opinions and information can be published widely using the blogging tools available on the internet. A

Read more…

Fewer personal bankruptcy cases were filed during 2011 according to a report by the National Bankruptcy Research Center. In 2011 about 1.3 million consumer bankruptcy cases were filed throughout the United States, or about one out of every 175 Americans. That is a decrease from 2010 when slightly less than 1.5 million cases were filed, or one out of 150 Americans, filed bankruptcy.

Chapter 13 filings fell 8 percent from 2010 totals, and Chapter 7 filings dropped 13 percent. 2011 marked the first time the number of personal bankruptcy cases had fallen since 2006. Nevada remains at the top spot for the nation’s highest per capita filing rate at 8.98 bankruptcy cases per 1,000 residents. That is a drop from Nevada’s 11.1 filing rate in 2010.

“The decline in total filings reflects the retrenchment in consumer spending associated with a down U.S. economy,” said American Bankruptcy Institute Executive Director Samuel J. Gerdano. “As con

Read more…