Lifestyle Shatters in Court

Hiding money?

It was recently decided in a bankruptcy lawsuit that one of the stars of The Real Housewives of Beverly Hills, Erika Girardi, would be responsible for disclosing pertinent financial documentation. Her accountant, lawyer, and landlord have also been dragged into the deal and must supply the needed documents, such as bank statements, pay slips, and correspondence pertaining to the state of her finances. This bankruptcy battle began in December 2020, after it was discovered that Girardi’s husband, who is a prominent Los Angeles lawyer, was involved in the misappropriation of settlement funds that were promised as payment to the families of the victims of a 2018 Boeing plane accident. Read more

All You Need to Know About Bankruptcy Counseling

I do declare

Bankruptcy should be the last option for you when find no other alternative to pay down the outstanding debts. Filing bankruptcy is an important financial decision of your life that may affect your economic condition badly.

As such, it’s important that you know about the consequences of filing bankruptcy. You may seek help from a bankruptcy counselor to know more about this process. Bankruptcy counseling is offered to the individuals who face financial crisis so that they can understand their options in a better way and, in turn, get rid of debt problems.

Any individual thinking to file bankruptcy should know about the process properly. There are different chapters of bankruptcy that you can file. Each of them has different requirements and resulting consequences. Bankruptcy counseling will help the individual know if bankruptcy is the right decision for their situation. It may also help you find ways to avoid bankruptcy that created problem initially.

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A Kodak Moment: Patents To Sell for $525 Million

Picture this…

It seems that film isn’t the only thing Kodak has been developing recently.  The famous digital imaging and photography company agreed to sell their patent portfolio to a large group of companies including Google, Apple, and Facebook.  Eastman Kodak, based in Rochester NY, is monetizing their patents to help recover from a recent bankruptcy.  Economists are predicting that the $525 million agreement will help Kodak re-emerge from Chapter 11 in the first half of 2013.  Amazon, Samsung, and Microsoft are also members of the 12-company group of licensees. Read more