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 […]
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 […]
Bankruptcy Attorney Fees and Payment Plans
If you’re thinking about hiring a bankruptcy attorney, you may be wondering how much their services will cost, how you can pay them, and how they can help out in your financial and debt situations. The good news is that hiring and working with a bankruptcy attorney is one of the most affordable and simple […]
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 […]
Personal Bankruptcy for Small Business Owners
The economy has been hard on all of us; small and large businesses alike have felt the effects. Most often, the news focuses on corporate bankruptcies and large company debts, when small businesses are struggling as well. So what happens to a small business when the owner is facing personal bankruptcy? Do they have to […]
The different types of bankruptcy explained
There are four types of bankruptcy: chapter 7, 11, 12, and 13. They are named depending on their chapters in the United States Bankruptcy code. The types differ based on the debtor, the debtor’s income, and the methods used in repaying the debts. Chapter 7 and 13 bankruptcy are for individuals seeking to settle their […]
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 […]
The Difference between Secured and Unsecured Debt
If you’re considering filing for bankruptcy it is essential to know the difference between secured debt and unsecured debt. The most basic difference is that secured debt can be taken away from the debtor and unsecured cannot. Secured debt involves a tangible property which helps safeguard the creditor, since they can repossess the property in […]
Liability of Cosigning on a Loan
Agreeing to co-sign on a loan can be a great way to help a friend, sibling or child establish their own credit or receive a better interest rate. The problem with co-signing on a loan is that if the primary borrower begins missing payments, the liability will fall on you. Before you agree to cosign […]
Divorce and Bankruptcy
Divorce and bankruptcy can each create a difficult time in a person’s life. Unfortunately for some couples, financial problems are what lead them to divorce. While an impending bankruptcy and divorce can seem very overwhelming, there are a few things to know to help ease the process. First you will want to decide which comes […]