from The American Bankruptcy Institute
A new study confirms what many American households continue to struggle with; debt from medical bills. When it comes to filing for bankruptcy such bills continue to be one of the main reasons why people seek legal protection. Besides rising medical costs, other reasons bankruptcy is commonly filed include unpaid mortgages and credit card debt. [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 27, 2013 Atlus at risk after parent company announces bankruptcy If Detroit opted for bankruptcy, experts say wouldn’t encourage others Pfizer’s Quigley Can End Nine-Year Bankruptcy, Judge Says 
Understanding differences between bankruptcy chapters can make a big difference in helping you obtain a favorable outcome for your situation. Most bankruptcies filed by individuals and small businesses include Chapter 7 and Chapter 13. When it comes to understanding which chapter you should file, your debt, income, assets, and financial goals will have a significant [...]
Many who file for bankruptcy qualify for protection of their 401(k), while being able to discharge or eliminate debt. This is common concern debtors have for a number of reasons. Some who are thinking about filing may receive funds from their 401(k) as their only form of income, especially if they are retired.
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 25, 2013 Sly Stone Wants Ex-Manager’s Bankruptcies Tossed Wind firm sued by state of Minnesota files Chapter 7 bankruptcy Detroit bankruptcy could force museums to auction off cultural treasures to help pay city debt
Kelly Rutherford filed for bankruptcy protection after dealing with financial struggles stemming from her child custody case against her ex-husband Daniel Giersch. Rutherford claims she is unable to pay her bills, while paying close to $2 million in legal fees in connection with the custody battle involving the couple’s two young children.
Filing for bankruptcy can help you eliminate or regain control of your financial obligations. Keep in mind, it may not be the only option for you to consider, but many see it as a last resort when they have done other actions to try and resolve financial issues. Bankruptcy experts and credit counselors even suggest [...]
Keeping your mobile home in bankruptcy may depend on a few legal factors. Many debtors who seek protection for property such as a mobile home qualify for protection under certain exemptions available when you file. In most cases, it will depend on the state you live in and what exemptions are available for protection. Other [...]
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 20, 2013 Kodak strikes post-bankruptcy loan deal with banks How Chapter 9 bankruptcy could affect Detroit pensions, health care Backstreet Boys’ Bankruptcy Claims ‘Incomplete’
Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for June 18, 2013 Orchard Files for Bankruptcy, but Lowe’s Buying Assets Mexico’s Maxcom negotiates prepackaged bankruptcy Texas Construction Firm Caught in Rare Spider’s WebBankruptcy News for You
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