More than half of all businesses formed today will be gone in five years. Statistics like that notwithstanding, Chapter 7 bankruptcy isn’t usually the best route to take for the corporation shareholders.
According to Statistic Brain, chances of small business success are slim over the long haul. From incompetence to disasters, a litany of mistakes can shutter your operations in short order.

Have you accumulated traffic tickets you have been unable to pay? You may be able to eliminate the debt in bankruptcy with a few exceptions to the rule. Usually in bankruptcy certain debts related to government fines and penalties may not be eligible for discharge in Chapter 7 bankruptcy. But, Chapter 13 bankruptcy may help [...]

Solving your debt problems can be as tough as a blind man trying to describe an elephant.
In the story of the blind men and the elephant, three blind men all come together to describe the animal.

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Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for January 07, 2013 What’s next in Detroit bankruptcy case? Dutch aluminium smelter Aldel applies for bankruptcy Bankruptcy Court to Weigh ‘Milestone’ Nortel Deal  

Country music star Eddie Montgomery, known as one-half of the country duo Montgomery Gentry, ended 2013 by filing for Chapter 7 bankruptcy. The filing comes after the singer accumulated millions of dollars in liabilities following a divorce and failed business venture.  The filing will be used to help pay off his liabilities while continuing performances [...]

The answer depends on what is the situation in your life right now. You may be struggling with credit cards, medical bills, personal loans or any other type of debt. Sometimes you have creditors calling you on the phone, harassing you at work or just sending you letters making your life miserable.

People who file for bankruptcy and look for the credit counseling provider with the lowest price could be getting more than they bargained for.