Category Archives: Bethesda

Bethesda bankruptcy lawyer near you on current news about filing bankruptcy and debt reduction.

Bethesda’s USEC to File For Bankruptcy

According to the Gazette.net, a major uranium supplier in Bethesda plans to file for Chapter 11 bankruptcy in 2014. USEC, one of Montgomery County’s largest revenue providers, will file for bankruptcy in early 2014, according to executives with the company. Gazette.net reported that over the last 11 financial quarters, USEC has only reported a net income once. The website reported that in the first nine months of 2013, the company posted $87.2 million in losses, which was actually a decrease from $116.3 million during the same time in 2012. The losses stem from “non-production expenses related to ceasing enrichment work at a plant in Paducah, Ky.,” the website reported. USEC expects to file for bankruptcy in a Delaware court by March 31, but executives do not expect it to affect operations, suppliers, customers and research programs, according to Gazette.net. The bankruptcy will allow USEC to continue to operate as it…
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Let Our Bethesda Bankruptcy Attorney Work For You!

Bethesda is a city in Montgomery County, Maryland, just northwest of Washington, D.C. It is considered one of the most affluent and highly educated areas of the United States, with an estimated population of more than 60,000 people. Zip codes in Bethesda include 20810, 20811, 20813, 20814, 20815, 20816 and 20817. The community houses the National Institutes of Health, the Consumer Product Safety Commission and the Naval Surface Warfare Center Carderock Division. Washington Metro’s Red Line services downtown Bethesda, as well as the area near the National Institutes of Health. Bethesda Attractions For more information about activities in the area, you can visit the Montgomery County Department of Parks.  Notable parks include Meridian Hill Park, Cabin John Regional Park, Kenwood Cherry Blossom, Caroline Freeland Urban Park, Elm Street Park, Wheaton Regional Park, Battery Lane Park, Westmoreland Hills Park, Ayrlawn Park and Greenwich Park. If you are struggling financially and you…
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Maryland Bankruptcy Lawyer: Bethesda Woman Sentenced to 27 Months in Prison for Bankruptcy Fraud

According to Bethesda-ChevyChasePatch, a Bethesda woman was sentenced last month to 27 months in prison for concealing assets during her Chapter 7 bankruptcy case. Diana J. Stout, 56, was sentenced to 27 months in prison by U.S. District Judge J. Frederick Motz for making a false statement and concealing assets in a bankruptcy case, according to Patch. Stout filed for Chapter 7 bankruptcy in 2010 to liquidate her debts and distribute the proceeds to her creditors. However, during her filing, she failed to disclose that she transferred a property to her daughter in South Carolina for $1 in 2010. According to the trustee working Stout’s case, the property transfer was done to defraud creditors and Stout did not receive reasonably equivalent value for the transfer. Stout falsely claimed that her daughter had paid her $75,000 for her interest in the property after the transfer was discovered. “Stout knew that the…
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