from The American Bankruptcy Institute
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 29, 2013 San Bernardino, California, gets bankruptcy protection China’s Debt-Laden Steel Industry On The Brink Of Bankruptcy My Employer is Filing for Bankruptcy-What do I Need to Know? 
Out of the 70 percent of Americans who file for bankruptcy, over 60 percent of them file due to debt from medical bills. Many consumers continue to struggle in paying medical bills and it continues to be the leading cause of bankruptcy. A recent report looks at how ethnic groups such as Latinos face ongoing [...]
Many who claim to have no assets file Chapter 7 bankruptcy. This is sometimes referred to as a Chapter 7 no-asset bankruptcy. In many cases, the process goes by quickly since the trustee won’t have any property or assets to satisfy creditors with. Many consumers don’t realize that a large number of Chapter 7 cases [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 27, 2013 Bankruptcy Costs Weighing on AMR’s Profits Irish Bank Resolution Corp. Files for Bankruptcy in U.S. Buffalo Lake’s ethanol plant is sold in bankruptcy 
As an individual, being responsible for business debt in bankruptcy likely depends on the structure of your business. In some cases it may depend on how it was developed or formed. Many who seek to file for protection may operate a business as a sole proprietor, partnership, corporation or limited liability company (LLC). If you [...]
For those who intend on filing in the future, getting prepared ahead of time can affect the outcome of your case. But the wrong actions could jeopardize the success of the outcome. In taking the time to plan ahead you know what to expect while allowing yourself more time to do things efficiently. The following [...]
As a business owner, determining whether your spouse is liable for what is owed in a bankruptcy filing depends on how your business is structured and the debt incurred. In many situations, for married couples it depends on where you live. In other words, an aspect you may need to consider is how common law [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for August 22, 2013 Judge approves Kodak’s bankruptcy plan Time to Bring Bankruptcy Back for Student Loan Debt Bankruptcy Name Game
It is common for people to have outstanding debt and while the amount owed varies, many may not be aware of how close they are to having their creditor take legal action against them. For a number of debtors, legal action from a creditor comes at a time they least expect it. This reason alone [...]
Chapter 7 bankruptcy can help eliminate or wipe out debt obligations for qualifying debtors. When debt is eliminated it is known as a discharge. When this happens, many people think their case is finished. Well, not quite. While getting debt discharged is the primary goal for most filers, this isn’t the actual end of the [...]Bankruptcy News for You
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