Trump, Bankruptcy and How to Negotiate Debt

Back in September 2015 we wrote a blog article about Donald Trump and his several business bankruptcies.  As we pointed out on that date, and as the Republican candidate hopeful points out whenever he can, these were not personal bankruptcies under Chapter 7, but business reorganization bankruptcies under Chapter 11.

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During Tax Preparation Season, Be Careful!

It’s that time of the year again.  The IRS requires that everyone that earns above a certain amount must file a tax return.  The rule of thumb is that if you earn above $10,000, you need to file a tax return with the IRS; and a state tax return too.  But others may need to as well – those that have had taxes withheld from their paycheck beyond what they owe, for example.

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Chapter 7 Bankruptcy Fraud and Income Tax Evasion

This blog has repeatedly reported on what not to do when filing for personal bankruptcy protection and getting a “fresh start” and the reports come down to this:  do not submit false testimony, be honest in your bankruptcy petition and schedules, and fully disclose your assets and liabilities to your attorney so he or she can make a plan for you to discharge you debts, if possible.

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Former Worcester Airline Direct Air Executives File Bankruptcy and Charged with Fraud

Direct Air was a private charter airline that flew out of numerous small airports including Worcester Regional Airport through 2012.  Formally known as Southern Air & Tours, doing business as Myrtle Beach Direct Air & Tours, and headquartered in South Carolina, Direct Air was a large business from 2007 until it closed in 2012.  The company filed for reorganization in Chapter 11 bankruptcy in March of that year, listing federal rules violations amounting to almost $10m as part of their debts.

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Massachusetts Attorney General Sues Bankruptcy Collection Firm Lustig, Glaser & Wilson

As a Massachusetts bankruptcy lawyer, we help many folks who need to discharge their debts and get a fresh start.  Many debts have already gone to collection.  The collection law firms in Massachusetts include the Waltham firm Lustig, Glaser & Wilson.  We have litigated some cases against that law firm and have always had a professional, albeit oppositional, relationship.

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