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Blog

How Do I Apply for a New Card After Bankruptcy?

Posted on December 16th, 2019 by PIOLETTI PIOLETTI & NICHOLS

Chapter 7 Bankruptcy Lawyer In the middle of a bankruptcy, it’s easy to forget that there is financial life on the other side of it. One day you will be ready to rebuild your credit, and you don’t even have to wait until the bankruptcy falls off your credit report to do it. Getting a […]

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US Regulator Takes Aim at Debt Collectors

Posted on August 6th, 2014 by Joe Pioletti

The Wall Street Journal recently released a story that the U.S. Consumer Financial Protection Bureau, or CFPD, is taking aim at a large debt collection law firm. The CFPD is a segment of the Executive Branch of the US government who is charged with enforcing federal consumer financial laws. The recent law suit filed by […]

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Bankruptcy Basics: Chapter 7 and Chapter 13

Posted on May 26th, 2014 by Joe Pioletti

No one is immune to financial troubles, and an onslaught of unexpected events can turn even the most responsible consumer’s finances on their head. While other options, such as debt settlement and consolidation exist; for some, filing for bankruptcy might be the only way out of a tough situation. Once an individual has filed for […]

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Bankruptcy to Avoid Paying Workers

Posted on March 6th, 2013 by Joe Pioletti

The Stamford Advocate had an article about five nursing homes filing for bankruptcy.  New Jersey-based HealthBridge Management claims the nursing homes need to file for bankruptcy because they can’t afford to comply with conditions of an expired contract, negotiated in 2004.   Nursing home workers, however, claims the filing is just another evasive maneuver in an increasingly […]

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Medical Bills cause Bankruptcy and Poverty

Posted on March 15th, 2012 by Joe Pioletti

NPR published an article that discussed the difficulty Americans have to pay medical bills despite having access to Medicare and Medicaid.  In a survey of more than 50,000 people taken by the National Center for Health Statistics, results showed that in 2011 alone one in three Americans were left struggling to pay current medical bills, previous […]

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Assets Frozen

Posted on February 19th, 2012 by Joe Pioletti

The Boston Globe reported that a federal bankruptcy judge has frozen the assets of a trust benefiting the children of Antonio Giordano, a Rhode Island nursing home executive jailed for conspiracy and embezzlement.  Bankruptcy trustee Charles Pisaturo Jr. argued that the assets should be turned over to Giordano’s bankruptcy estate because he was the beneficial owner at the time he […]

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Nursing Home Executive Skimmed Millions

Posted on November 15th, 2011 by Joe Pioletti

A former nursing home executive named Antonio Giordano who was jailed for conspiracy and embezzlement has filed for bankruptcy. As a result, the government cannot recover millions of taxpayer dollars that authorities say Antonio Giordano and his associates skimmed from failing nursing homes. The Providence Journal reports that Giordano filed for Chapter 7 protection on Oct. 13. […]

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Mismanagement Leads to Trustee

Posted on September 26th, 2011 by Joe Pioletti

A federal trustee overseeing the bankruptcy of a company that operates two facilities wants the court to liquidate the business after an inspection revealed "gross mismanagement" at both locations.  Gregory Schiller, the U.S. trustee in the Chapter 11 bankruptcy of Scranton-based New Hope Personal Care Homes Inc., recently filed a motion to convert the case to […]

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Mismanagement and Bankruptcy

Posted on March 8th, 2011 by Joe Pioletti

The Hartford Business Journal had an article about recent financial problems of Connecticut nursing homes due to budget cuts and mismanagement.  The story mentions how nursing homes have sought bankruptcy protection from creditors.  "Six nursing homes in Connecticut have either been placed into receivership or filed for bankruptcy since Jan. 11. They include four homes owned by Maryland […]

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Executive Bonuses for Poor Performance

Posted on June 29th, 2010 by Joe Pioletti

The Business Journal reported an incredible story about Sunrise Senior Living giving bonuses to executives who have lost $16 million in the last year.  This is what is wrong with Corporate America.  Sunrise takes taxpayer money through Medicaid and Medicare; provides poor care while stuffing their pockets, and then before declaring bankruptcy siphon the rest of […]

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