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California Bankruptcy and the Various Types of Personal Debt

Personal bankruptcy under Chapters 7 and 13 offer ways for people to obtain financial relief when their income is not high enough to continue making required payments on their debts. The federal Bankruptcy Code deals with different types of debt in different ways. The...

Looking Back on Ten Years of “Bankruptcy Reform”

2015 marks the 10-year anniversary of the comprehensive law known as the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, Pub. L. 109-8, 119 Stat. 23. Supporters of the bill claimed that it would streamline the bankruptcy process and cut costs...

MMA Coach Files Chapter 7 Bankruptcy in Los Angeles

The coach for one of the world’s most well-known mixed martial arts (MMA) fighters filed a voluntary petition for Chapter 7 bankruptcy during the summer of 2015. In re Tarverdyan, No. 2:15-bk-21909, petition (C.D. Cal., Jul. 29, 2015). The case has experienced...