Vincent Howard and our Perris personal bankruptcy lawyers were interested to see a recent appeals court ruling on a bankruptcy issue involving an unusual asset: an annuity. An annuity as used here is a form of investment in which the investor pays a sum at the beginning — usually quite large — and is paid back with regular payments over time, or takes out a lump sum at a later date. They are sold by life insurance companies, and generally provide tax-free payments, sometimes with interest. In Bryan v. Stanton, bankruptcy debtor Karolyn Joyce Bryan wished to claim an exemption for her interest in an annuity in her Chapter 7 case. Bryan’s Schedule C claimed the annuity exemption as a form of life insurance, but trustee Janice Stanton objected, arguing that the statutes in question don’t apply.

Read full article…

If you have applied for a job and are waiting for a positive response, then expect a call from your prospective employer requesting permission to access your credit reports. Denying their request may not seem to be the wise thing to do considering your job is dependent on your credit history. Hiring managers are already looking into the Facebook and Twitter accounts of prospective employees, in addition to using Google to find out more information about prospective employees to gain an insight into their activities and personality. In addition to this, employers in recent times also prefer taking a glimpse of the credit history of candidates to get an insight into their financial behavior.

Read full article…

Related Searches:

A credit report contains detailed information on a person’s credit history, including current and past accounts, loans, bankruptcies and any late or past-due payments. Nationwide, there are three credit reporting agencies that maintain records: TransUnion, Equifax, and Experian. Each credit agency works independently updating credit profiles. The data they collect is often used by creditors, lenders, insurers, landlords and employers for purposes of evaluating a person’s financial responsibility.

Read full article…

In this current climate trying to reduce your outgoings is a constant uphill struggle as it seems on a weekly basis we face rising costs in gas, electricity, water, phone bills, food or fuel. However if you are savvy with your spending and really look at where your money goes you can start looking at areas that can be reduced.

Here are some handy tips:

There are many more ways in which you can save money, these are just a few to get you started. If you have any tried and tested ideas then please feel free to share and help others out.

Vincent Howard and our Moreno Valley consumer bankruptcy lawyers were interested to see a recent ruling applying well-understood bankruptcy law to a legal judgment for fraudulent transfer of property. It’s long been true that bankruptcy does not discharge debts created by litigation for certain things, including a lawsuit over “willful and malicious injury” to someone else or someone else’s property. In Maxfield v. Jennings, the Eleventh U.S. Circuit Court of Appeals applied this rule to a judgment against Janice Jennings for transferring property to exempt it from an underlying product liability suit. The Eleventh Circuit found that this was enough to constitute willful and malicious injury and upheld the non-dischargeability finding.

Brandon James Maxfield was seven when he was shot accidentally and rendered a quadriplegic.

Read full article…