How Does a Man worth $400 million Find Himself Bankrupt?
Mike Tyson is the perfect example of how not to spend your money. While Tyson was a former heavyweight champion and boxing legend, he may go down in history for how he spent his money instead of how he earned it. Despite Tyson’s nearly $400 million earnings over the past 20 years, he somehow managed […]
Harrisburg, Pennsylvania Files for Bankruptcy
The economy has seen one of the greatest recessions of our time. Businesses, individuals and even entire cities have decided to file for bankruptcy protection to make it through this difficult time. That’s the reality that Harrisburg, Pennsylvania is now facing, as the city filed for Chapter 9 bankruptcy earlier this month. The City of […]
2011 Bankruptcy Trends
It’s no secret that the down economy has taken its toll on many people’s lives. Small business owners, laid-off employees and even corporations are feeling the pressure of the financial losses. According to the American Bankruptcy Institute (ABI) So far the national consumer bankruptcies have fallen 6% the first fiscal quarter of the year, which […]
How To Find The Best Bankruptcy Lawyer
If you’re looking for the best bankruptcy lawyer, there are a few things you should keep in mind when you’re finding the right professional. There are countless lawyers on the market right now, so it’s a good idea to ensure that you choose the lawyer who can truly help handle your bankruptcy without adding stress […]
Britain’s Lenient Bankruptcy Laws
Great Britain is known for many things; they were once the powerhouse of the new world, colonizing and trading throughout the continents. Now, they’re revered for their tradition, culture, and royalty. This beautiful country is a destination spot for many travelers and tourists, but lately, Great Britain’s been seeing a different kind of tourism; “bankruptcy […]
Can a State file for Bankruptcy?
There’s been plenty of news lately about cities going bankrupt. First there was City Falls and now Harrisburg is headed towards bankruptcy, but these aren’t the only cities in trouble. In 2009 and 2010 alone, there have been 15 municipalities in the U.S. that have filed for bankruptcy. So what happens when these cities and […]
Sports franchises are not exempt from the economical climate
Along with the Texas Rangers, one of Texas’s own sports teams is going through bankruptcy. NHL hockey team the Dallas Stars filed for bankruptcy on September 15th. The hockey team was founded in Minnesota in 1967 and was moved to Dallas in 1993. They have won seven division titles and the Stanley Cup in 1999. […]
U.S. Solar Companies Continue to Struggle
It seems that harnessing renewable energy sources in the U.S. is becoming more financially trying, as another solar-power company files for bankruptcy. The Arizona-based solar-power manufacturer Stirling Energy Systems is the latest company to crash amidst both the falling prices and demand of the solar industry. Stirling developed equipment for two solar-powered plants who converted […]
With Bankruptcy, Sooner is better
Filing for bankruptcy can be intimidating, especially for people who have always been financially secure. There are quite a few reasons why people put off filing for bankruptcy; denial, embarrassment or maybe they consider bankruptcy a final option. Waiting, however, can cause more stress and more financial strain on you and your family. While bankruptcy […]
Explaining Your Bankruptcy
Hard times fall on many people, especially in a recession or bad economy. Filing for bankruptcy has been the saving grace for many of these financially frustrated individuals. While filing for bankruptcy can be a huge relief to those in debt, many people feel they don’t know how to explain their bankruptcy to family, creditors […]
