News Ticker

  • Florida Foreclosure Rates Soar

    The number of homes entering foreclosure dropped in February, but a new up-turn may soon be on its way.

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    Actos Bladder Cancer Helpline

    Actos has warnings for Bladder Cancer in type II Diabetics. When the U.S. Food and Drug Administration (FDA) approved Actos...

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  • Class Action Medical Device Recalls

    Get the most updated list of medical device recalls and class actions suits. Know what the FDA has listed warnings about.

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    New Breast Implant Complications

    Our female social workers are extremely concerned about the Breast Implant Claimants and effects of faulty implants on women.

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  • Nursing Home Negligence Lawyers

    Jewish Lawyers Network Nursing Home Abuse helpline has been initiated by our MSW and founder.

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    Georgia Workers Compensation Helpline

    Jewish Lawyers Usa has launched a Georgia Workers Compensation Helpline for the Workers of Georgia.

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  • Dysport Lawyers For Dysport Lawsuits: What Is Dysport? Dysport is an acetylcholine release inhibitor, similar to Botox. Dysport helps fix   facial lines especially in the appearance of moderate to severe glabellar lin...
  • Hernia Mesh Lawyers: The Hernia Mesh Lawsuit Helpline has hernia mesh lawyers  for patients needing mesh removals or revision surgery due to a failed hernia mesh. Hernia Mesh Complication Lawsuits For...
  • Diagnostic Error Lawyers | Missed Diagnosis: Did Your Doctor Miss a Serious Medical Problem? Was There a Misdiagnosis By A Radiologist, Physician Or Hospital? Did You Lose A Loved One Due To A Medical Error? Misdiagnosis i...

Jewish Bankruptcy Lawyer

Jewish Bankruptcy LawyerBankruptcy law provides for the development of a plan that allows a debtor, who is unable to pay his creditors, to resolve his debts through the division of his assets among his creditors. This supervised division also allows the interests of all creditors to be treated with some measure of equality. Certain bankruptcy proceedings allow a debtor to stay in business and use revenue generated to resolve his or her debts. An additional purpose of bankruptcy law is to allow certain debtors to free themselves (to be discharged) of the financial obligations they have accumulated, after their assets are distributed, even if their debts have not been paid in full. Bankruptcy law is federal statutory law contained in Title 11 of the United States Code. Congress passed the Bankruptcy Code under its Constitutional grant of authority to “establish… uniform laws on the subject of Bankruptcy throughout the United States.” See U.S. Constitution Article I, Section 8. States may not regulate bankruptcy though they may pass laws that govern other aspects of the debtor-creditor relationship. See Debtor-Creditor. A number of sections of Title 11 incorporate the debtor-creditor law of the individual states. Bankruptcy proceedings are supervised by and litigated in the United States Bankruptcy Courts. These courts are a part of the District Courts of The United States. The United States Trustees were established by Congress to handle many of the supervisory and administrative duties of bankruptcy proceedings. Proceedings in bankruptcy courts are governed by the Bankruptcy Rules which were promulgated by the Supreme Court under the authority of Congress. There are two basic types of Bankruptcy proceedings. A filing under Chapter 7 is called liquidation. It is the most common type of bankruptcy proceeding. Liquidation involves the appointment of a trustee who collects the non-exempt property of the debtor, sells it and distributes the proceeds to the creditors. Bankruptcy proceedings under Chapters 11, 12, and 13 involve the rehabilitation of the debtor to allow him or her to use future earnings to pay off creditors. Under Chapter 7, 12, 13, and some 11 proceedings, a trustee is appointed to supervise the assets of the debtor. A bankruptcy proceeding can either be entered into voluntarily by a debtor or initiated by creditors. After a bankruptcy proceeding is filed, creditors, for the most part, may not seek to collect their debts outside of the proceeding. The debtor is not allowed to transfer property that has been declared part of the estate subject to proceedings. Furthermore, certain pre-proceeding transfers of property, secured interests, and liens may be delayed or invalidated. Various provisions of the Bankruptcy Code also establish the priority of creditors’ interests. However, a recent decision by the Supreme Court has shifted this power towards the debtor. In Rousey v. Jacoway, (April 4th, 2005), the Court held that assets in Individual Retirement Accounts (IRA’s) are protected under 11 U.S.C § 522(d) and thus exempt from withdrawal from the bankruptcy estate. This decision has broad implications for the baby-boomer generation, providing millions of Americans nearing retirement with increased protection of their earnings. Recent passage of the Bankruptcy Prevention and Consumer Protection Act in April 2005 has also resulted in major reforms in bankrupcy law, outlining revised guidelines governing the dismissal or conversion of Chapter 7 liquidations to Chapter 11 or 13 proceedings. The law also expands the responsibilities of the United States Trustees Program to include supervision of random and targeted audits, certification of entities to provide credit counseling that individuals must receive before filing for bankruptcy, certification of entities that provide financial education to individuals before being discharged from debt, and greater oversight of small business Chapter 11 reorganization cases. If you have questions about the application of the law in a particular case, consult your lawyer. The law is constantly changing . Information on this site or any site to which we link does not constitute legal advice .
  • Tragic Train Wreck In Seattle | Train Wreck Injury Lawyers: Older Structure Causes Tragic Accident- Train Wreck First responders are treating the derailment as a mass casualty incident. Authorities have not yet provided details on injuries. "Emergency crews are on the scene and the Amtrak Manage...
  • What is Florida Medical Malpractice?: Florida has a vast population of elder retired people that use doctor and hospital services. Because of this increase in medical care we could expect and increase in medical malpractice. It is important for caregivers and children of senior...
  • Misdiagnosis Or Missed Diagnosis Injury:  Get a Medical Malpractice Lawyer For A Missed Or Misdiagnosis Missed diagnosis and misdiagnosis are very  often medical malpractice. It is the professional obligation of a doctor or medical facility to make an accurate diagnosis and never...

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