Case Study – Even the Famous are not Immune from Bankruptcy – 50 Cent

December 12, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Usually, when you think of the rich and famous, you envision mansions, flashy jewelry, and a lavish lifestyle. Unfortunately, even the more famous of us are not immune to the pitfalls of credit card debt and medical bills piling up. Think of some of the famous names in the news that were, and for some, […]

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Bankruptcy and Business: Deciding on the Right Chapter to File for Bankruptcy

November 07, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business,debt,finance   |   0 Comments

Frequently in this blog, we touch on the manner in which bankruptcy impacts business.  Many big-name businesses have been facing financial difficulties or have even filed for bankruptcy in recent months, such as Sears, Gibson Brands Inc., and Andy Warhol’s Interview magazine, just to name a few. It seems scary that these businesses have been […]

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Springing Back from Bankruptcy

October 24, 2018  |   Posted by :   |   bankruptcy,bankruptcy in business,debt,finance,recession   |   0 Comments

Many view bankruptcy as the end of the road – money runs out in business, or personal debt is impossible to manage, for example. The only way out for some is bankruptcy. But bankruptcy may actually help struggling businesses recover, and can even push business owners to increase their efforts and make their businesses not […]

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The Rate of Bankruptcy is Rising Among Older Americans

September 25, 2018  |   Posted by :   |   bankruptcy,retirement   |   0 Comments

Retirement. That’s everyone’s goal after having worked for over 40 years. But for many the elderly, this may be just a dream. Financial problems plague the older generation, from rising interest rates, to exorbitant medical costs, to crushing credit card debt along with the rising cost. On top of this, many people find their savings […]

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Everything You Need to Know about the Means Test

August 08, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

In 2005, Congress decided to revise the bankruptcy code, which hadn’t been changed much during the previous 25 years. Why did they choose to revise? Congress and bankruptcy courts had become increasingly concerned that too many people were filing for bankruptcy – and their cases approved – who could actually afford to pay their debts. […]

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