Bankruptcy in the News – Gibson Brands, Inc. Files for Bankruptcy

May 09, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

For any musicians reading this, you may be devastated to learn that the guitar company, Gibson, recently filed for bankruptcy. But don’t worry, all may not be lost; the leading guitar company plans to stay in business by focusing solely on manufacturing and selling guitars and other instruments, while gutting its consumer electronics line of […]

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Who is Responsible for Paying Bankruptcy Debts?

April 20, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Filing for bankruptcy may seem very confusing. You may be asking yourself, “Where does the debt go?” or “Who pays for the debt?”. The answers to these questions all depend on the type of bankruptcy you file, be it either a Chapter 7 liquidation or Chapter 13 wage-earner plan. Let’s unpack this and clear up […]

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How Bankruptcy Can Help in Foreclosure

March 14, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

​2017 saw the lowest number of foreclosures in the U.S. since 2005: 676,535 foreclosures. A foreclosure is when a homeowner defaults on their mortgage obligation usually when they miss three or more consecutive mortgage payments.  The lender will then typically files a Notice of Default (NOD). The lender will then take possession of the property in […]

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What Comes after Bankruptcy?

February 07, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Bankruptcy may seem like the end of the world, but we can assure you that life will go on after the filing of your petition and receipt of your discharge. Having said that, there are some steps you should take immediately following the court proceedings to get back on track. Let’s take a look: • […]

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Alternatives to Bankruptcy in MA

January 14, 2018  |   Posted by :   |   bankruptcy   |   0 Comments

Are you in debt and considering filing for bankruptcy in MA? Before you make the jump, have you considered all other possibilities and alternatives to pay off the debt? If not, keep reading! Bankruptcy should only be a last resort, after all other attempts to pay down the debt have failed. When it comes to […]

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