Saving Your Home When Facing Bankruptcy
Stay put while you start fresh A bankruptcy can be stressful enough without worrying about uprooting your family. When you file for a Chapter 7 bankruptcy, the majority of your assets—including your house—may be sold by the bankruptcy trustee in order to pay your creditors. However, there are a few circumstances in which you may […]
What to Do Immediately when Facing Wage Garnishment
You work hard for your paycheck. When a wage garnishment threatens to leave you with only a portion of it, know that you have options, but you need to act quickly. Request credit reports While dealing with wage garnishment can be stressful, having your wages withheld for a debt you don’t rightfully owe is even […]
Who Ends Up Losing in a Corporate Bankruptcy?
One of the biggest appeals to a new job is the salary and benefits. In a recession where salaries have been slashed, companies are learning how to snag some of the best employees by offering a competitive benefits package. With the string of corporate bankruptcies in the U.S., should employees be enticed by benefits that […]
How Do I Pay My Bankruptcy Attorney?
Filing for bankruptcy may seem intimidating. For most clients, their first question is, “How do I pay my bankruptcy attorney when I’m already in debt?” While the whole concept may seem overwhelming and discouraging, filing for bankruptcy can remove a huge burden from your life and ends up being worth every penny. Sadly, most people […]
Texas’ 2012 Financial Forecast
As we ring in the New Year with champagne and fireworks, we can’t help but wonder what the year will actually bring us. Could the economy take a turn for the better? Will the string of bankruptcies finally slow? What will happen to the almighty dollar? While even analysts merely make educated predictions about the […]
Reasons to File for Bankruptcy
So you’re in a financial bind? It’s safe to say that 2011 hasn’t been the best financial year for many Americans. The economy is still sluggish and jobs are still scarce. While filing for bankruptcy may have never been an option before the recession, credit card bills can stack up and unemployment checks are running […]
Will Quiznos Face Chapter 11 Bankruptcy?
Quiznos has long been known for their hot subs and crazy commercials, but as the economy took a hit and consumer’s wallets tightened, Quiznos may soon be known for landing on a long list of bankrupt businesses from the recession. As of now, Quiznos is trying its best to restructure its debt to avoid filing […]
Tionne “T-Boz” Watkins files for Bankruptcy…Again
Some celebrities just can’t get it right; some can’t hold on to a movie role, others can’t clean up their act and some have more financial troubles now than they did before they were famous. Tionne “T-Boz” Watkins of the female singing group TLC unfortunately falls under the financial category. Watkins is now filing for […]
Why Bankruptcy May be Your Best Option
For many people, bankruptcy is a final option; one they would never consider unless they ran out of every other possible idea on getting out of debt. They will let their house go into foreclosure, let their credit cards compound interest for months and even drain their retirement accounts trying to stay afloat. It always […]
Cash Money Rapper files for Bankruptcy
It’s hard to imagine a rapper going bankrupt, especially when they’re a member of a group called “Cash Money.” Unfortunately for Young Buck, former G-Unit soldier, this is exactly the case. Young Buck filed for bankruptcy back in September 2010 just one month after his home was raided by IRS agents. Young Buck’s Trustee as […]