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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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chapter 7 bankruptcy

What is a bankruptcy discharge?

When a person files for Chapter 7 bankruptcy, their intention is to have as many of their debts discharged as possible. But what exactly does it mean to have debts discharged? When a debt is discharged…

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My only income is Social Security. Should I still consider bankruptcy?

We often meet with people with debt problems whose only income is Social Security benefits.  In some cases, they are “judgment proof”.  That is, there is no way for their creditors to collect.  Other than…

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Biggest Chapter 13 Bankruptcy Myths

If you are facing potential bankruptcy and you are trying to determine if it is a good option for you or not, you have likely heard about a lot of different myths about what can…

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Child Playing

What to Consider When Deciding Whether to File for Child Support

Parents want to provide a safe and secure environment for a child. The additional court-ordered financial support is also welcome to help provide for the many needs of a child. However, is filing for child…

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Debts that Can Be Relieved Through Bankruptcy

Often the people who would benefit the most from bankruptcy don’t know enough about the protections they’re afforded under the law. When you have financial stress, there are emotional traumas that come with the problem….

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