BANKRUPTCY BLOG


Are you struggling with money management after your recent bankruptcy? Don’t let holiday spending get the best of you. We’ve put together a list of 6 ways to stay out of debt during this holiday season. Prioritize your gift list & set aside a set amount of money you will spend on each person. Make gifts instead of purchasing.Avoid Black Friday & Cyber Monday. Don’t buy stuff you didn’t plan on buying just because it’s
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November 21, 2018

Sam Henry Holiday Hours

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Happy Holidays! Our special hours are as follows: Thanksgiving: Sam Henry’s office will be closed on Thursday, November 21 & Friday, November 22. Christmas: Sam Henry’s office will be closed on Monday, December 24 & Tuesday, December 25. New Year: Sam Henry’s office will be closed on Tuesday, January 1.
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November 19, 2018

Holiday Season and Bankruptcy

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Thinking of filing for bankruptcy around the Christmas holidays? Keep the following information in mind before you do: Non-Dischargeable Debt According to bankruptcy law, those who choose to file for bankruptcy near the holiday season are still responsible for any debt acquired as a result of purchasing gifts. This means that if you purchase any gifts within 90 days before Christmas, these debts will not go away after filing for bankruptcy. Cash Advances Any cash
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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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