Chapter 7 Bankruptcy News
Supreme Court Rules Against Abercrombie & Fitch in Headscarf Case
The Supreme Court ruled 8-1 today that the retail chain Abercrombie & Fitch violated Title VII of the Civil Rights Act of 1964 when an assistant manager denied Samantha Elauf, an observant Muslim woman, a job because her headscarf violated Abercrombie’s “Look Policy,” that prohibits “caps” from
Judge's Ruling on Law School Grad's Debt Could Signal 'Seismic' Shift in Loan Practices
A judge's recent ruling that part of a law school graduate's loans can be canceled breaks new ground for other students who owe a mountain of debt. Lesley Campbell applied for a loan while she was studying for the bar as a student at Pace University Law School in 2009. She received a "bar loan" of
IRS to auction deferred Mets contract
Darryl Strawberry did the work, but now you can collect his money from the New York Mets . Next month, the Internal Revenue Service is auctioning off the remaining annuity from the deferred compensation Strawberry agreed to when he signed a six-year contract with the Mets almost 30 years ago,
Michael Vick pays down his debt
When Michael Vick filed for bankruptcy protection in July 2008, his only income came from mopping floors at 12 cents an hour in the early morning hours at Leavenworth prison. Less than seven years later, Vick is weeks away from paying off the majority of the nearly $18 million he owed his
Mortgage Mess Settlement Means $3B for Homeowners
Morning Money Memo: The impact of the mortgage mess keeps rumbling through the economy, nearly seven years after the crisis began. A new report says homeowners have received about $3.1 billion in cash as part of a federal settlement with 13 big banks. The deal...
'ER' Actor Mekhi Phifer Files for Bankruptcy
Actor Mekhi Phifer, best known for his role as Dr. Greg Pratt on NBC's "ER," has filed for bankruptcy. Documents obtained by ABC News show that the 39-year-old actor accrued about $1.2 million in debt, the majority of it back taxes. The actor also owes about $50,000 in legal and accounting fees,
Top 10 Dumb Debt Decisions in 2014
Congress may be unfathomable on a good day. But, financial silliness isn't limited to them. We who elect and re-elect the best and brightest from our states are not without our own financial follies. Forget the 2013 Financial Cliff! Here is my take on the 2014 Abyss for dumb debt moves. 1. Accept
Foreclosure on Property After Bankruptcy ?
Q: Dear Bankruptcy Adviser, I filed Chapter 7 bankruptcy, and all debts listed were discharged in 2008. The bank has just notified me of plans to foreclose on a home that was discharged. They plan to put it up for auction in September. Can they do that? Can they sell the house when they haven't
Kelly Rutherford Bankrupt Amid Custody Battle
The actress Kelly Rutherford, who’s been locked in a lengthy custody battle with her ex-husband, has filed for bankruptcy. In a Chapter 7 bankruptcy petition filed in May and obtained by ABCNews.com, the former “Gossip Girl” star claims total debts of over $2 million and $23,937...