Articles from The Bankruptcy Blog

Should Casey Anthony’s Life Story Be Considered Property?

By Mary Ann Pekara
In Tampa this afternoon arguments will be heard in the Casey Anthony bankruptcy case as to whether or not Casey Anthony's life story can be considered property or not.

The Wealth of the 1%: How Much Debt Could it Erase?

With the top 1% of earners in the United States bringing home an average of $16.4 million annually, how many mortgages or student loans could the average "one percenter" erase?
how much debt can wealth of one percent erase

The Wealth of Few, the Debts of Many

The top 1% of Americans earn an average of $16.4 million every year. How much of the average credit card debt or the national debt could this wealth eliminate?

Is Forgiven Debt Taxable?

By Mary Ann Pekara
It's tax time and you're getting ready to file your taxes. Have you had any debt forgiven this year? How much debt? Have you thought about how that affects your taxes?
Many people do not realize that forgiven debt is sometimes taxable income. Now, there are exceptions to every rule but it is important to look into if you had debt forgiven last year and what that could mean.

What Debts Could March Madness Gambling Pay Off

By Mary Ann Pekara
March Madness is in full swing now and gamblers' wallets across the country are a little lighter as they wait in anticipation to see how their brackets play out.
Whether you're a regular college hoops enthusiast or not, it has been projected that over 100 million people will take part in the "bracket" sensation that encompasses March Madness.

What Type of Online Shopper Are You?

Last year, the United States saw ecommerce spending jump to $194.3 billion, up 16.1% from $167.3 billion in 2010. The majority of these purchases were likely made on credit cards, and credit card debt is often cited as a reason why people file Chapter 7 and Chapter 13 bankruptcy.
Americans in general are definitely online shoppers, but which type of online shopper are you?

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