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OK, read the post on the Alberg's bankruptcy.
Wasn't it originally Chapter 13, now is it a complete liquidation to Chapter 7???
Doesn't that mean the creditor's get nothing?
What about the citizens of Medford who paid into access TV - where Alberg was and still is on the board of directors?
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Court Name: U.S. Bankruptcy Court Records for the District of Massachusetts Case Number: 15-14759 Party Name: Harvey A. Alberg and Doria A. Alberg Filing Type: Bankruptcy, Office: 1 Chapter: 7 Trustee: Cruickshank, Gary W. [Notice of Post/No-Post Petition Creditors] Date Published: April 06, 2016
http://medfordinformationcentral.blogspot.com/2016/04/harvey-and-doria-alberg-back-in.html
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Chapter 7 bankruptcy is a liquidation proceeding in which the debtor's non-exempt assets, if any, are sold by the Chapter 7 trustee and the proceeds distributed to creditors according to the priorities established in the Code.
http://www.moranlaw.net/chapter7.htm
Eligibility to file Chapter 7 is determined by the means test instituted with the 2005 amendments to the bankruptcy code.
In most consumer cases, all the assets are exempt, and therefore there are no assets to liquidate and there is no dividend to creditors. Chapter 7 is generally the simplest and quickest form of bankruptcy and is available to individuals, married couples, corporations and partnerships.
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CHAPTER 13
Search Results
A chapter 13 bankruptcy
is also called a wage earner's plan. It enables individuals with
regular income to develop a plan to repay all or part of their debts.
Under this chapter, debtors propose a repayment plan to make installments to creditors over three to five years.
This is the individual who DENIED access TV to residents and used it to promote his for-profit business. And now he's completely bankrupt?
Morally as well as financially.
Where is our TV station and what happened to the monies?
That is the question we will ask Tuesday night at the city council.
We invite Mr. Alberg to attend and explain his actions.
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Court Name: U.S. Bankruptcy Court Records for the District of Massachusetts Case Number: 15-14759 Party Name: Harvey A. Alberg and Doria A. Alberg Filing Type: Bankruptcy, Office: 1 Chapter: 7 Trustee: Cruickshank, Gary W. [Notice of Post/No-Post Petition Creditors] Date Published: April 06, 2016
