Do You Need to Finance a Car in Chapter 13? The last thing you want to do is get further into debt while you are in Chapter 13.  (The goal of Chapter 13 is to get out of debt.)  But sometimes you need to replace a broken down junker. So, you need financing for a […]

 Credit card and Car loan defaults hit 10-year high as inflation squeezes Families

Navigating Financial Dilemma: What Drives Individuals to Declare Bankruptcy
Nowadays, we do feel that the cost of living is above what we earn, so we find ways to keep up with our needs. Some of us consider filing bankruptcy to not just keep up with our needs but also to give ourselves a chance to restart financially. In this post, we will discuss what are the common reasons for bankruptcy. 

 Chiang Rai Times has an interesting article about Chapter 7 Bankruptcy. The article can be found at https://www.chiangraitimes.com/learning/what-you-should-know-about-chapter-7-bankruptcy/

 Business Insider has a very informative article about how often a person can file for Bankruptcy.The article can be found at https://www.businessinsider.com/personal-finance/how-often-can-you-file-for-bankruptcy
Individuals with questions about personal bankruptcy should contact Jim Shenwick, Esq

 Here's What Happens When Your Small Business Files for Bankruptcy  by Motley Fool. The article can be found at https://www.fool.com/the-ascent/small-business/articles/heres-what-happens-when-your-small-business-files-for-bankruptcy/
Jim Shenwick, Esq  917 363 3391  [email protected] 
Please click the link to schedule a telephone call with me.

 What happens to your Student Loans if you file bankruptcy? See the article at Marca.com, it can be found athttps://www.marca.com/en/lifestyle/us-news/personal-finance/2023/08/12/6...
Jim Shenwick, Esq  917 363 3391  [email protected] 
Please click the link to schedule a telephone call with me.

Discharging Student Loans in Bankruptcy.The New York Times has an article titled "Discharging Student Debt in Bankruptcy Is Supposed to Be Easier Than Before"about new processes to discharge student loans in Bankruptcy.  The article can be found at
https://www.nytimes.com/2023/08/09/your-money/student-loan-bankruptcy-di...
Jim Shenwick, Esq  917 363 3391  [email protected] 

The New York Times has reported that WeWork, the co-working company, has declared that "its ability to endure as a business is in doubt. The article can be found at https://www.nytimes.com/2023/08/09/business/wework-explain.htmlThis suggests that WeWork might be considering filing for bankruptcy. In this case, the company would either attempt to reorganize or liquidate.

US credit card debt surges to more than $1 trillion for first time ever.  
See the full story at https://nypost.com/2023/08/08/us-credit-card-debt-surges-to-more-than-1-...Credit card debt of this magnitude may indicate more bankruptcy filings in the future.