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 […]
Will Detroit need to file for Chapter 9?
It’s no secret that Detroit has taken a major hit in the recession. The former car manufacturing mecca of the western world, Detroit has now crumbled after the fall of the automotive industry. Unemployment rates are at an all-time high while the housing market remains sluggish. So what options are left for this capital city? […]
More Hard Times Ahead for Greece
Things aren’t quite looking up for Greece. Ever since the debt crisis of 2009, things have steadily gotten worse. Regular citizens with jobs and homes, who never had a problem finding employment, are now finding themselves sleeping in boxes and under bridges with no sign of hope in the future. Tens of thousands of jobs […]
Chicago Nuns Go to Bankruptcy Court
The recession has been tough on just about everyone. Businesses, hospitals, even entire cities have been filing for bankruptcy protection to try to save their assets. The newest headline in bankruptcy, however, is “More Nuns in Bankruptcy Court.” This headline is referring to a story reported by Business Week, concerning a retirement community in Chicago. […]
The Money Tree Inc., Files for Chapter 11
Money doesn’t really grow on trees, it seems. The Money Tree Inc., a small consumer loan provider filed for bankruptcy protection in Alabama last week. The Georgia-based company was left with no other options, as the economy left many of their customers (debtors) unable to pay back their loans. Filing for Chapter 11 will allow […]
Sbarro’s Bankruptcy
Sbarro Inc., the iconic Italian mall pizzeria, expects to emerge from bankruptcy protection on November 28, just five short months after filing for Chapter 11. Sbarro Inc. is a Melville, New York based, private-equity-owned pizzeria that was founded in 1956. Originally the restaurant was an Italian grocery store in Brooklyn, which was opened by the […]
When is it time to file Bankruptcy?
Filing for bankruptcy can be an intimidating procedure. For many people, it may be the first time they’ll need to contact an attorney. For others, there’s a heavy fear of the unknown and the extended feeling of indecision can take its toll on a family. Many people are convinced they can dig themselves out of […]
Dippin’ Dots files Chapter 11 Bankruptcy
With the economy in crisis, it seems that companies continue to struggle financially. We’ve seen a string of bankruptcies for companies both large and small. With the economy continuing to suffer, we’ve unfortunately dug ourselves into a vicious cycle; many American families are struggling to survive. In turn, they begin hoarding their discretionary incomes that […]
How bankruptcy in Texas is unique
Although bankruptcy is outlined in federal law, some bankruptcy guidelines may range from state to state regarding exemptions, how filing may effect a spouse, and other aspects. When filing, it is important to know what makes Texas unique. Citizens who file for bankruptcy cannot necessarily use whatever state’s exemption system they file in. They should […]
Solve Financial Troubles With A Bankruptcy Lawyer
If you’re struggling with debt, finances, and credit, you’re not alone. Countless people are turning to the help of a professional bankruptcy lawyer to help solve their financial troubles once and for all. Bankruptcy can help wipe your debt clean so that you can finally get the fresh start you’ve always wanted. When you file […]
