BANKRUPTCY BLOG


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’ Us and Babies ‘R’ Us branding company, invest and develop new retail shops, expand its international presence and further develop its private brands business.  
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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 as the social safety net shrinks.   This comes in the form of longer wait times for full Social Security benefits, the replacement of employer-provided
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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 about 800,000 people file for bankruptcy each year, and in 2017, it was calculated that Americans were responsible for almost $1 trillion in credit card
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