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Shareholders in the Kodak bankruptcy case have already been denied the opportunity to be heard in the bankruptcy case by having a shareholder committee to represent their interests in the case. The bankruptcy judge denied the request last year stating that it was not necessary because the goal of others in the case as to maximize the company’s value. The judge has granted a hearing on another motion requesting the committee as shareholders send letters to the court stating that they need to be … [Read more...]

It all began with biology professor, James D. Long, bestowed an endowment of $1 million to his alma matter, Lon Morris College, when he died in March 2009. The money was to be used in small amounts over 50 yeas; however, if the college collapsed the money was to go to Sam Houston State University. Lon Morris filed for bankruptcy and it appears that the money in question has disappeared. The money remaining is causing arguments on both sides. To read more see, “Sam Houston State Grabs at … [Read more...]

The home of famous fashion designer Gianni Versace, where he was murdered in 1997, is going on the auction block in bankruptcy court. The owner filed for bankruptcy relief as the lender was eyeing the property for a foreclosure sale. The bankruptcy filing stayed any foreclosure proceedings; however, now the home is scheduled to be sold in a bankruptcy auction to be held in September. Legal complications have plagued the mansion for many years. For more on this story read, “Versace Mansion … [Read more...]

Shareholders in the Kodak bankruptcy case have already been denied the opportunity to be heard in the bankruptcy case by having a shareholder committee to represent their interests in the case. The bankruptcy judge denied the request last year stating that it was not necessary because the goal of others in the case as to maximize the company’s value. The judge has granted a hearing on another motion requesting the committee as shareholders send letters to the court stating that they need to be … [Read more...]

Moving can be stressful – even when you are excited about your new home. Keeping everything operating smoothly is the key to keeping your sanity when you are preparing for a move. Whether you are moving down the street or across the country, being organized is essential. Making a weekly schedule for the weeks before moving day can help you do that. For a sample schedule of tasks you should do for the four weeks prior to moving read, “A checklist for when you move.” … [Read more...]

Eva Longoria may need to secure her $35 million fortune or at the very least, she should not co-sign with her current boyfriend. Based on bankruptcy court documents from 2012, Longoria’s new boyfriend, Ernesto Arugello, may be a credit risk. He filed for Chapter 7 bankruptcy relief last year with over $4 million of debt. However, according to the papers he filed with the bankruptcy court, he only had $1,555 in assets including the $5 in cash he had at the time of filing. For more read, “Eva … [Read more...]

The Fair Housing Act of 1968 changed the landscape of home ownership by allowing more women to be approved for mortgage loans without a husband. By the mid-1900s, the National Association of Realtors states that more single women were purchasing homes than single men. During 2012, the rate of single female homeowners rose by 18 percent. One of the top considerations of a single woman buying a home is the safety of the neighborhood. For more details read the full story at, “More Single Women … [Read more...]

Over the past decade, Grammy Award winning singer Lauryn Hill failed to pay about $1 million in taxes and that error caught up with her this week. Hill reported to a federal prison in Danbury this week to begin serving a three-month prison term for tax evasion. The prison is a minimum-security facility but inmates are expected to perform duties such as food service, landscaping or maintenance. After her release, she will be confined to her home for three months of her one-year probation. … [Read more...]

Casey Anthony and the bankruptcy trustee have reached a settlement regarding the trustee’s motion to sell the rights to Anthony’s life story to help pay the nearly $800,000 that she owes. The trustee argued that the rights to her life story was an asset of the bankruptcy estate and should be sold to pay her debts but Anthony’s attorneys objected. The trustee and attorneys for Anthony have filed a joint motion request the court approve a settlement wherein Anthony will pay $25,000 to settle the … [Read more...]

Toni Braxton filed Chapter 7 bankruptcy in 2010 claiming she owed debts topping out at $50 million. Issues such as buying back some of her personal property from the bankruptcy estate and arguing over overseas income has kept the bankruptcy case open for almost three years. Last week, Braxton reached a settlement with the trustee whereby she will pay a total of $150,000 to the bankruptcy estate. She may also be able to get back some of the copyrights to songs provided that someone does not … [Read more...]