Fresno

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February 06, 2012

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Bankruptcy News

President Signs Bankruptcy Abuse Prevention, Consumer Protection Act

THE PRESIDENT: Thank you all. Please be seated. Welcome. Thank you very much for coming today. Today we take an important action to strengthen -- to continue strengthening our nation's economy. The bipartisan bill I'm about to sign makes common-sense reforms to our bankruptcy laws. By restoring integrity to the bankruptcy process, this law will make our financial system stronger and better. By making the system fairer for creditors and debtors, we will ensure that more Americans can get access to affordable credit.

I'm pleased to be joined today by the Attorney General Al Gonzales. I want to thank the bill sponsors in the House and the Senate -- Senator Chuck Grassley of the Senate -- I think you told me you'd been working on this bill for nine years. That's a long time. I appreciate Congressman Jim Sensenbrenner from the House for being the sponsor in the House. Thank you.

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Did You Know?

There are defined legal debtor rights
Debtor-creditor law governs situations where one party is unable to pay a monetary debt to another. While you have an obligation to pay your bills on time, there are laws to protect your rights if you should find yourself being pursued by a debt collection agency.

	Newsroom
	News about Bankruptcy in Fresno and nationwide: In Pennsylvania, U.S. Labor Department Sues Owner Of Company Gone Bankrupt Philadelphia, Pennsylvania - The U.S. Department of Labor has filed an adversary complaint in federal bankruptcy court against the owner of now def... Read more > Accountant Means Accountant Authorized Under Applicable Law To Practice Public Accounting 101. Definitions (1) accountant means accountant authorized under applicable law to practice public accounting, and includes professional accountin... Read more > Three Indicted For Bankruptcy Fraud, Impeding The Fdic's Operations FDIC Inspector General Gaston L. Gianni, Jr., announced today that Frank C. Romano, Jr., of Rowley, MA, the owner and operator of several Massachus... Read more > More Bankruptcy News >

Bankruptcy Terms

Today's Terms

Liquidation value

Definition:
The aggregate value of a business if its assets are sold piecemeal.

Post-petition

Definition:
Occurring after the filing of a petition. Preference - a payment by a debtor made during a specified period (90 days or one year) prior to the filing that favors one creditor over others.

Insolvency

Definition:
Another term used to describe a firm that is failing; generally it means that a firm's liabilities exceed its assets or that it is unable to satisfy its obligations as they come due.

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Bankruptcy Resources

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Bankruptcy Hot Topics

Topics Related to Bankruptcy:

Chapter 7
Chapter 13
Chapter 11
Chapter 12
Chapter 9

Fresno Bankruptcy Attorney

If you live in the following cities and need a Bankruptcy attorney you should contact our Bankruptcy Attorney as soon as possible:

Antioch
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Norwalk
Oceanside
Pacoima
Santa Ana
South Gate
Norwalk
Oceanside
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Pittsburg
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Sylmar
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Westminster
Fremont
Fresno
Hawthorne
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Hesperia
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Indio
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Laguna Niguel
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Lancaster
Livermore
Long Beach
Los Angeles
Lynwood
Merced

Milpitas
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Moreno Valley
Napa
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Oceanside
Ontario
Oxnard
Pacoima
Palmdale
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Reseda
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Rosemead
Sacramento
Salinas
San Diego
San Francisco
San Jose
San Pedro
Santa Ana
Simi Valley
South Gate
South San Francisco
Sylmar
Tulare
Union City
Vacaville
Victorville
Vista
Watsonville
Westminster

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