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Chapter 11 bankruptcies are up 63 percent

December 31, 2018

Chapter 11 bankruptcies occur when companies file for bankruptcy in order to protect themselves from creditors and to restructure their debt into something more manageable. This process is overseen by a Federal bankruptcy judge. Usually,…

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Toys “R” Us not going bankrupt after all

December 27, 2018

In the early summer of 2018, one of the largest and most iconic toy stores shocked the world by closing almost all of its 800 stores. Toys R Us was already in Chapter 11 bankruptcy…

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Bankruptcies soar among the elderly

December 18, 2018

A 2018 study has shown that bankruptcies among the elderly have increased over the last several years at a significant rate. From 1991 to 2016, the study indicated that bankruptcies of people 65 and older…

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The easiest ways to save money after bankruptcy

December 12, 2018

Life after a bankruptcy can be a tough. Sure, the knowledge that your debts have been wiped out is good, but sometimes there is a sense of failure. There is also the fear that you…

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Medical Bills: The #1 Cause of Bankruptcy

According to a recent MNBC news article, medical bills are the main reason people file bankruptcy. Some estimates believe that 60% of bankruptcies are directly related to medical bills. In fact, over one million people…

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Scam Alert: Debt Settlement Companies

You have probably noticed advertisements for various debt settlement companies. Debt settlement companies claim that they can negotiate with creditors to lower the amount of debt that is owed. However, most of these companies are…

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Can I Stop Debt Collectors from Harrassing Me?

In the United States, collection agents are limited in the methods they can use to collect consumer debts by the Fair Debt Collection Practices Act (FDCPA). Consumer debts include credit card debt, auto loans, mortgage…

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Will Paying off an Old Debt Raise My Credit Score

Paying off old debts won’t always improve your credit score. If a debt is less than seven years old, paying it could improve your credit score, IF it is showing on your credit report.  How…

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Improving Your Credit Score: Steps You Can Take

One of the most common questions we hear at Morgan & Morgan, especially for people coming out of bankruptcy, is “What can I do to improve my credit score?” First, let’s examine what determines a…

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What Should I do with my Tax Refund

With tax season right around the corner, many people are already anticipating getting their tax refunds back from the federal and state government. Last year the average federal tax refund was $2700! While getting a…

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When Do I Hire a Disability Lawyer?

If it is looking like you won’t be able to work for a long time, you should consider hiring a disability attorney to help you receive funds from your Social Security account. Hiring a Social…

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What Is the Means Test?

Before you can file for Chapter 7 bankruptcy, you must pass something called the means test. This test determines whether your income is low enough for you to qualify to file Chapter 7 bankruptcy under…

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How Do Employers Perceive Those Who File Workers' Compensation Claims?

In our current economy, many workers are nervous about their ability to keep or find a job. These nerves may even keep them from filing for a legitimate workers’ compensation claim. They assume that future…

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