BANKRUPTCY BLOG


Informative articles on bankruptcy

Top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing showed. The lenders plan to open a new Toys ‘R’
A recent study has found that the rate of people 65 and older filing for bankruptcy is three times higher than in 1991. This shift follows a three decade shift of financial risk from government and employers to individuals who are bearing an ever-increasing responsibility for their own financial well-being
Tips for Responsible Credit Card Ownership Generally speaking, people tend to spend more when they use credit cards instead of cash. It can be easy to get in over your head with debt, and before you know it, filing for bankruptcy might seem like the only option. Studies show that
Debt Collection- Know your Rights! Debt issues can be hard to manage, and calls from collection agencies can make a challenging financial situation even more stressful. Before you pick up an incoming call from any debt collection agency, you must first know your rights! Collectors may only call during business
February 14, 2018

Celebrity Bankruptcies

Celebrity Bankruptcies Although they live vastly different lives from the average consumer, celebrities often have to make hard decisions about their financial future, just like the 800,000+ people who file for bankruptcy each year. Below, we’ve put together a list of some of America’s most prolific actors who made the
Rebuilding credit after bankruptcy If you’ve recently filed for Chapter 7 bankruptcy, chances are your credit was in tatters. Contrary to popular misconceptions, bankruptcy won’t ruin your financial future. Start with the basics, and work your way back to a good credit score by following these steps. Start with a
Is bankruptcy right for you? Weighing the costs and benefits The holiday season can be very stressful for those who live with debt.  For some, bankruptcy seems like the answer, but the negative stigma of the word can have some people denying the need for bankruptcy, even in dire situations.
Bankruptcy in the United States: A Brief History While bankruptcy laws have been amended numerous times in our country’s history, their primary purpose has never wavered: to allow individuals and businesses to eliminate or reorganize accumulated debt. The Bankruptcy Act of 1800 In 1800, Congress passed the first federal law
Priority Debt & Filing for Bankruptcy Before filing for bankruptcy, you should know that not all debts are treated equally. For example, certain debts,called Priority Debts, cannot be discharged, or forgiven, and must be repaid in full. What are Priority Debts? Priority Debts, or debts that take priority over other
2017: The Year of Retail Bankruptcies Studies show that more people are turning to online retailers to find the latest fashion, accessories and technology in 2017. Because of this shift in foot traffic, retail stores are filing for bankruptcy at a staggering rate. The Limited Just a few weeks before