Could this be the end of Twinkies? Twinkies maker, Hostess Brands, is shutting its doors for good. Hostess products have been an American staple since the 1930s. What happened? → Read More
Twinkie Maker Hostess Plans to Liquidate in Bankruptcy The American snack food we all remember savoring at some point in our lives is soon to be no more. The maker of cream-filled Twinkie, Hostess Brands Inc., announced last week that it is liquidating and going out of business after a failed bankruptcy. → Read More
Singer Toni Braxton Accused of Bankruptcy Fraud It may seem that celebrities have more than enough money to get by, but even movie stars and famous singers file for consumer bankruptcy; and sometimes they even get in trouble with the law in the process. GrammyAward-winning singer Toni Braxton is facing accusations of defrauding the bankruptcy court by transferring over $53,000 to her estranged husband to avoid paying her bankruptcy creditors. ”¨”¨ → Read More
Capital One Charged with Illegal Debt Collections in Class Action Lawsuit A federal class action lawsuit has been filed against credit card company Capital One and the Law Offices of Cohen and Slamowitz, the company’s legal counsel. Capital One is being accused of employing unlawful credit and collection practices that allegedly violate the Fair Debt Collection Practices Act. → Read More
City College of San Francisco Close to Bankruptcy The largest community college in the country, City College of San Francisco, may be on the verge of bankruptcy, with overpaid employees partially to blame. → Read More
Debtor’s Prison: Go to Jail for Unpaid Debt Most people believe that debtors can’t be put in prison or jail for failing to pay money they owe. The truth is, however, debt collectors and creditors still have a way to impose jail on debtors. → Read More
What is a judgment creditor? A judgment creditor is the party a money judgment is issued to and is entitled to enforcement of the judgment through liens, execution and levy. Simply put, the judgment creditor is the person who receives the money in a judgment ruling. During the trial, they are called the ‘plaintiff’ although judgments such as attorney’s fees may also be owed to the plaintiff’s attorney. → Read More
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