Financial problems can befall any person or organization, including some of the world's largest companies. Take Sears for example. Sears Holdings Corp filed for bankruptcy this fall in its efforts to stay in business, according to a Reuters story. After a century...
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Every bankruptcy is different. How would a filing benefit YOU?
Nobody enjoys being in debt or struggling to pay their bills. But it happens to almost all of us at some point in our lives. In many cases involving intractable debt brought on by an income loss, a divorce, an illness or another serious life event, effective legal...
Thinking about debt: Are we headed for another recession?
For millions of homeowners, the difficulties of the 2007-2010 Great Recession are easy to remember. In many parts of America, inflated home values plummeted, abundant business seemed to dry up dramatically, and unemployment skyrocketed. Home equity lines of credit...
Unemployment is very low, but many are still filing bankruptcy
It's a great American financial phenomenon: The economy appears strong and unemployment rates have bottomed out, yet millions of Americans are still struggling to make ends meet and pay all their bills. With high levels of middle-class consumer debt creating a...
Bankruptcy and the “middle class”: Living paycheck to paycheck?
Right now, do you have $1,000 to deal with an emergency that came up suddenly? How about just $400? If the answer is no, you are like almost half of America, according to a recent Federal Reserve Board survey. In a well-known and oft-shared 2016 article in The...
Filing for bankruptcy when “the economy is good”
Plenty of myths surround our personal struggles with debt and the state of our national economy. One largely-unspoken myth is that everyone is "doing well" financially -- or at least doing better -- when the economy is said to be in a good place. By certain measures,...
Creditor harassment: What bill collectors can and can’t do
If you are past due on your bills, you may already know the frustration and exhaustion that can come with collector harassment. Maybe the same person keeps calling you over and over again. Maybe they are rude and disrespectful to you and your family. (Pro tip: You...
Bankruptcies and debt problems: Common in the music business
Every professional musician knows it's difficult to succeed in the business. Instrumentalists, singers, songwriters, producers and engineers must keep their skills up and compete for good-paying work. Artists aside, there have been plenty of recent financial struggles...
Bankruptcy and you, celebrities in debt, and other big stories
Nobody is immune to financial problems. That includes superstars of stage and screen, legendary pro athletes and business icons. And it includes you. In a recent piece from BusinessInsider.com, we are reminded that many celebrities from across different fields,...
Would a bankruptcy attorney ever tell me NOT to file?
Yes. If you're struggling to get out of debt and researching bankruptcy online, you've most likely come across phrases like, "Bankruptcy isn't right for everyone." But you may wonder, understandably, whether bankruptcy attorneys will actually steer unqualified people...