Decade in Review – Famous Bankruptcies

January 17, 2017  |   Posted by :   |   bankruptcy   |   0 Comments

Filing for bankruptcy is not the end of the world. On average, over a million Americans a year file for personal bankruptcy for a wide range of reasons from credit card debt to medical emergencies. Whatever your reason, know that you are in good company. Americans from all walks of life including the wildly famous […]

Read More »

Steps for Filing for Bankruptcy?

December 07, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

Bankruptcy laws are a series of federal laws enacted to allow people to be relieved from their debts and start over with a clean slate. Making the decision to file for bankruptcy is not an easy one. It is a decision that many millions of Americans have come to that allows them a new start and […]

Read More »

Bankruptcy and Child Support

November 09, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

According to the Witherspoon Institute, the divorce rate in the United States ranges from 40-50%. Due to that statistic, approximately 1/4 of children are living with a custodial parent. A report released by the U.S. Census Bureau cites that among those 14.4 million custodial parents in the U.S., about half of them have some type of […]

Read More »

Will Bankruptcy Stop Wage Garnishments?

October 05, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

Wage Garnishment, a last-ditch effort at debt collection, hits debtors where it hurts: their ability to pay the weekly and monthly bills. Wage garnishment is when a court issues an order requiring your employer to withhold a certain amount of your paycheck and send it directly to the institutions to whom you owe money, until […]

Read More »

Credit Rating and Bankruptcy

September 13, 2016  |   Posted by :   |   bankruptcy   |   0 Comments

In the last few decades millions of people have filed for personal bankruptcy. Most of these cases were not caused by out-of-control spending but rather by financial hardship such as a job loss or overwhelming medical bills. In addition, many consumers who find it necessary to file for bankruptcy are lower-income individuals who simply can’t […]

Read More »