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Patrick C. Shea is an attorney in California. He was the federal court-appointed attorney that represented 170-plus municipal entities [1] with investments of over $5 billion in the Orange County, California, Chapter 9 bankruptcy. [2] On December 6, 1994, the County of Orange declared Chapter 9 bankruptcy, from which it emerged in June 1995.
Attorneys who dabble in a little of everything are likely not aware of the granular aspects of bankruptcy law or up to speed with the latest legal developments in this area of practice.
Your bankruptcy trustee and your creditors will review your proposed changes, and if all parties are in agreement, the court will use the amended plan during your confirmation hearing. The bottom line
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
Key takeaways. There is no minimum amount of debt required to file for bankruptcy. Because of legal fees and long-term financial consequences, it may not be worth filing with less than $10,000 in ...
Peter Deegan, United States Attorney for the Northern District of Iowa (2017–2021) Virginia Emerson Hopkins , Senior U.S. District Judge for the Northern District of Alabama Marcia Fudge , former Secretary of the United States Department of Housing and Urban Development (2021–2024) and U.S. Representative from Ohio (2008–2021)
Your attorney can help you consider your bankruptcy options and determine which is the best fit for your financial situation. File a separate adversary proceeding to discharge your student loans.
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