The Central District Consumer Bankruptcy Attorney’s Association
2015 Calvin Ashland Awards Dinner
Please join us for a night of celebration to honor James T. King, this year’s Calvin Ashland Attorney of the Year on
Thursday, November 5, 2015
Keynote Address by
The Honorable Richard Paez, Judge of the U.S. Court of Appeals for the Ninth Circuit Read more…
Telephone-Scam Soliciting Wire Transfers Prompts NACBA and Vermont Attorney General to Issue Consumer Warning
Across the country, consumers are falling prey to a new scam targeting people who have filed for bankruptcy and others just getting started with the process. Bankruptcy attorneys are joining forces with public officials to sound the alarm bell to unsuspecting consumers. Read more…
Abby Lee Miller, choreographer and one of the stars of Lifetime’s “Dance Moms,” has been indicted on charges of bankruptcy fraud, concealment of bankruptcy assets, and false bankruptcy declarations — a 20-count indictment. The press release from the Western District of Pennsylvania U.S. Attorney’s Office can be found here. Read more…
To all attorneys:
You are invited to UNDERSTANDING CHAPTER 13, an MCLE program that will introduce you to the fundamentals of Chapter 13 bankruptcy law. It is approved for four (4) hours of MCLE credit
The program is presented by Public Counsel, and is cosponsored by cdcbaa and the U.S. Bankruptcy Court for the Central District of California. Lunch will be provided.
DATE: Thursday, November 12, 2015
TIME: 10:00 a.m. to 2:00 p.m.
LOCATION: Roybal Federal Building, 255 E. Temple St., Los Angeles, CA 90012
FLOOR: 12th Floor
ROOM: Assembly Room 1268 Read more…
The U.S. Trustee is hosting a unique Brownbag program on Thursday, October 29, 2015 from noon to 1:30 p.m. We will be discussing issues and concerns related to all matters 341(a)—particularly the rules and rationale behind the smooth and effective conduct of this essential piece of the bankruptcy process.
Proposed topics include: Read more…
ORANGE COUNTY BAR ASSOCIATION
COMMERCIAL LAW & BANKRUPTCY SECTION
September Meeting
Exemptions Case Law and Statutory Update
Learn about 2014-2015 developments regarding exemptions including recent case law imposing the burden of proof on the Debtor and allowed surcharges after Law v. Siegel;
Discover best practices for maximizing exemptions without risking denial of discharge; and
The panelists will also discuss proposed Senate Bill 308 increasing the homestead exemption to $300,000 across the board and eliminating the requirement to reinvest exemption proceeds.
D. Edward Hays, Esq., Partner, Marshack Hays LLP
Jeffrey I. Golden, Esq., Partner, Lobel Weiland Golden Friedman LLP Read more…
Hale Antico has been elected President-Elect of the James T. King Bankruptcy Inn of Court. This is a great organization. Contact Cynthia Meza below to join.
Your 2015-2016 Board:
Wes Avery, President
Anthony Friedman, Vice President
Hale Antico, President-Elect
Doug Flahaut, Secretary
Jeff Hagen, Treasurer
The James T. King Bankruptcy Inn of Court
sponsored by
American Inns of Court
Hi,
Public Counsel is having our annual Earle Hagen Memorial Golf, Tennis & Poker Tournament at Porter Valley Country Club on Monday, September 21, 2015.
We would greatly appreciate everyone’s help in making this event a success! We will also be honoring Jim King for his leadership in organizing the Tournament and hisextraordinary pro bono contributions throughout his legal career. His family was very touched and will be accepting the award on his behalf. Read more…
Debt After Death
David Gray / Reuters
http://www.theatlantic.com/business/archive/2015/07/debt-after-death/399983/
When a young person dies unexpectedly, his or her family could end up with the burden of paying off student loans. Can that be avoided?
What would happen to all of your debt if you died?
That’s a morbid question, but it’s a pretty important one, even for young adults. Back in 2012, ProPublica told the story of Francisco Reynoso, a gardener from Palmdale, California, whose son was killed in a car accident on the way home from a job interview. Reynoso, who made $21,000 a year, was held liable for paying off his son’s student-loan debt, which numbered in the six figures.
Reynoso’s story is, unfortunately, not a unique one. Millennials are the most educated generation yet, but with all those degrees has come a mountain of debt. On top of that, a shaky economy and changing views of work mean many young adults are working as freelancers or contractors, trust your finance with Bridging Finance Solutions, positions that often don’t come with the benefits that can help families cope with financial burdens should something bad happen.
http://www.theguardian.com/money/us-money-blog/2015/jul/05/student-debt-retirement-funds
The popular idea of what retirement involves, as long as you’re healthy enough to enjoy it, can sound a bit like an extended vacation: golfing, fishing, sitting around drinking iced tea while discussing the latest books with a group of like-minded friends, traveling to visit the grandchildren or places you’ve always yearned to see.
Nowhere in those scenarios is there any mention of writing a monthly check to pay off a student loan.
Here’s a reality check. Over the last 10 years, it is Americans over the age of 60 who have seen their student loan debt grow at the fastest rate of any demographic group, according to data from the Federal Reserve Bank of New York. By 2014 that sum had hit $58bn, up from a mere $6bn in 2004. The increase in borrowers over the age of 40 taking out new student loans was nearly twice the increase in borrowing by their younger counterparts over that period. That’s not great news, because Americans in their 40s, 50s and 60s have much less time to repay those loans and try to save for their other big financial goal – retirement. Senior citizens are ending up retiring while still owing substantial sums in federal student loans. And since those amounts cannot be discharged even in bankruptcy proceedings, the consequences are painful.
