2014 Featured News
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Posted on Dec 30, 2014
Just because you may be in the military does not mean that you don't have the same right to bankruptcy as other civilians do. Military members are able to file for Chapter 7 or Chapter 13 ...
Continue reading "Filing For Bankruptcy When You Are in the Military" »
Posted on Dec 16, 2014
If you have filed for bankruptcy, you may be wondering how it affects your financial obligations. While there are many debts that can be discharged in bankruptcy, such as credit card and other ...
Continue reading "I Filed For Chapter 13 Bankruptcy. Do I Still Have to Pay Child Support?" »
Posted on Dec 2, 2014
Eastman Kodak Co., best known for its manufacture of photographic film products, filed for Chapter 11 bankruptcy in New York in January 2012. Kodak was founded in Rochester, New York in the 1880s. The ...
Continue reading "Eastman Kodak Sees Profit After Bankruptcy Filing" »
Posted on Nov 18, 2014
When you and your family are facing financial hardship, your mortgage payment may be one of the largest expenses you have. It also may also be one of the easiest to forgo when other, more pressing ...
Continue reading "Know Your Options Before Foreclosure" »
Posted on Nov 4, 2014
Bankruptcy filings in the United States are not as uncommon as some may think. With over 1 million different individuals and businesses filing for bankruptcy in 2013 alone, it is important to ...
Continue reading "Steps to Rebuild Credit Following Bankruptcy" »
Posted on Oct 21, 2014
Debt happens, and when it does, the worst thing a person can do is flounder under missed payments, overreact due to pressure from creditors, and run credit to the ground. When a person is facing debt, ...
Continue reading "Choosing Consolidation or Bankruptcy for Debt Management" »
Posted on Oct 7, 2014
The battle to defend Detroit and its citizens from bankruptcy hit a rough patch when the bankruptcy judge for the city declared that he was unable to stop water from being shutoff to citizens that ...
Continue reading "Detroit Judge Unable to Stop Water Shutoffs" »
Posted on Sep 23, 2014
Electronics retailer RadioShack is in talks with shareholder Standard General LP to help the company obtain rescue financing to avoid bankruptcy. Standard General LP has increased their share in the ...
Continue reading "RadioShack Faces Chapter 11 Bankruptcy" »
Posted on Sep 9, 2014
Bankruptcy filings in America have decreased over the past few years as the economy has improved and more people are able to pay off their bills. However, many people may be forgoing bankruptcy even ...
Continue reading "Are You Headed Towards Bankruptcy?" »
Posted on Aug 26, 2014
Not many people anticipate that before they thought about buying their first house, were able to legally drink, or even before they had picked up their college diploma that they would be over $30,000 ...
Continue reading "Student Loan Debt Is Not Destiny" »
Posted on Aug 13, 2014
While it has been a few years since the financial collapse and government bailout of Lehman Brothers, the energy of the financial backlash has lingered. The previous idea that some banks were too big ...
Continue reading "11 of the Largest Banks Must Rewrite Living Will Bankruptcy Plans" »
Posted on Jun 30, 2014
Do you get to hold onto your paychecks during the Chapter 7 process? The answer rests entirely on the timing of your case. The automatic stay in bankruptcy does stop wage garnishment, but if you have ...
Continue reading "Your Wages in Chapter 7 Bankruptcy" »
Posted on Jun 23, 2014
As a matter of fact, there is. But a simple bankruptcy is not the norm. The majority of cases be will be a messy tangle of legal technicalities and financial circumstances. Whether you are looking to ...
Continue reading "Can Bankruptcy Ever Be Easy?" »
Posted on Jun 23, 2014
If you are struggling to make ends meet financially, the next step for you to take may be to file for bankruptcy. Due to the negative way many people view bankruptcy, it is not uncommon for an ...
Continue reading "How Can Filing For Bankruptcy Benefit Me?" »
Posted on Jun 17, 2014
If you file for Chapter 13 bankruptcy, part of the process is coming up with a bankruptcy plan, a restructured plan that would allow you to pay off some of your debts. How long will it take you repay ...
Continue reading "How Long Does a Bankruptcy Plan Take?" »
Posted on Jun 16, 2014
According to Forbes Magazine, an IRA that was inherited is not protected as an asset in a bankruptcy. The U.S. Supreme Court ruled on this matter on June 12 th, 2014. A woman with the initials H.H.C. ...
Continue reading "Supreme Court Finds Inherited IRAs Are Not Protected in Bankruptcy" »
Posted on Jun 10, 2014
If you are a small business owner, Chapter 13 bankruptcy can restructure your debts in a way that allows you to keep your business up and running. How? The Chapter 13 bankruptcy is known as ...
Continue reading "How Chapter 13 Bankruptcy Can Help a Small Business" »
Posted on Jun 9, 2014
If you receive federal benefits and you are also facing debts, a creditor or debt collector may attempt to garnish your wages by lifting money from your bank account to repay your debts. The court ...
Continue reading "Can a Creditor Garnish Federal Benefits?" »
Posted on Jun 5, 2014
There are times when delaying bankruptcy can provide significant benefits. This could be particularly true if there have been recent changes in your life such as relocating to another state or losing ...
Continue reading "Should I Wait to File for Bankruptcy?" »
Posted on Jun 2, 2014
If you file for a Chapter 7 bankruptcy, you may be concerned about how it will affect your ability to keep your car. If you have pledged your vehicle as a security for debt, or if you are financing or ...
Continue reading "Your Car and Your Bankruptcy" »
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