In a previous post, we talked about various cities, towns and municipalities that have utilized the bankruptcy code to get out of debt. Now Puerto Rico is apparently looking to do the same thing. According to the Wall Street Journal, Puerto Rico spends close to 38% of its general fund budget on debt service with [...]
The Wall Street Journal reports today that rapper 50 Cent has filed for bankruptcy protection. Apparently, the rapper has sought the protection afforded by the bankruptcy code due to a legal judgment won by a woman who accused him of invasion of privacy for posting a sexually explicit video online. Attorney Zaleski has not filed [...]
Attorney Steven Zaleski has been the lead attorney on four cases before the Wisconsin Supreme Court. Today, the Wisconsin Supreme Court entered a decision which gave Attorney Zaleski his third Wisconsin Supreme Court win.
On March 3, 2015, Attorney Steven Zaleski appeared before the Wisconsin Supreme Court. The appearance was Attorney Zaleski's fourth case before the Supreme Court. It is anticipated that the Supreme Court will render a decision in the next 90-120 days.
In addition to representing people in basic chapter 7 and chapter 13 bankruptcy cases, the Zaleski Law Firm represents clients in adversary proceedings. What is an adversary proceeding? It is a legal action filed against the debtor in a bankruptcy case which challenges the discharge of the debt for a particular reason. Not all bankruptcy [...]
In earlier posts, we've discussed the the local case that has made its way up to the United States Supreme Court. "In Re Clark," or "Clark v. Rameker," deals with the question of whether an inherited IRA is considered exempt under Section 522(b)(3)(c) of the Bankruptcy Code, or more simply put, whether an inherited IRA [...]
As a bankruptcy attorney at the Zaleski Law Firm, I get a lot of phone calls from people who are trying to get a loan modification. Quite often, at the same time the people are in the loan modification process, the bank is actively foreclosing on their house. People are oftentimes lulled into thinking that [...]
One of my earlier posts dealt with an "inherited IRA." If you recall, we discussed that typically IRAs, like other retirement accounts, are "exempt" or statutorily protected under the Bankruptcy Code. Under current law, there is arguably an exception if the IRA is inherited rather than created and funded as usual. We discussed the case [...]
If the person you are dealing with exhibits any of the following behavior, you should be extremely careful: 1)Demands fees in advance prior to any work or services being done; 2)Makes unsolicited offers to you about saving your home; 3)Recommends that you stop communicating with the lender directly; 4)Recommends that you stop making mortgage payments; [...]
In this scam, the scammer makes representations or promises about what he or she can do to help you avoid foreclosure. Of course, the so-called "help" will require an outrageous fee on your part. Of course, once you pay the fee, the scammer will disappear along with your money. At best, these scammers may make [...]