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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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terrified of collection calls

Terrified of Collectors? Easy Ways to End the Conversation

Nobody likes receiving phone calls from bill collectors, but if you owe money to a creditor and it’s past-due, there’s a good chance you’ll soon be harassed by bill collectors — if you haven’t been…

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man scared of his bank statement

Scary Bank Statements – Control of Your Spending

Credit card bills and bank statements got you spooked this Halloween season? If so, then it might be time to explore tips for reducing your spending and paying down your debts. It’s easier (and less…

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What Happens to my Debt When I Die?

What Happens to my Debt When I Die?

Debts are such an ingrained part of our daily lives that we’ve learned to accept them without thinking about it too much. We pay our credit card bills and write a check for the car…

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Post Traumatic Stress Disorder and Social Security

Post Traumatic Stress Disorder and Social Security

Applying for Social Security benefits can be a little bit complicated when if you are a veteran with PTSD. You should understand what PTSD is and see a doctor if you believe you may suffer…

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What is Strategic Bankruptcy?

What is Strategic Bankruptcy?

When many people hear the word bankruptcy, the first thing they think of is fear and despair. While the aftermath of bankruptcy will result in a period of change, it doesn’t have to be synonymous…

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Social Security Savvy: Can I Work While Receiving Disability Benefits?

Social Security Savvy: Can I Work While Receiving Disability Benefits?

Thanks to modern medicine and aid programs, many people with disabilities have no trouble living happy, fulfilling lives. Social Security helps those with disabilities overcome financial and physical challenges. This is a boon not only…

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Mediterranean Mayhem: Understanding The Greek Crisis

Mediterranean Mayhem: Understanding The Greek Debt Crisis

International finance may be Greek to you, but national bankruptcies are surprisingly similar to personal ones. To understand the current financial crisis in Greece, it helps to think of the Greek nation as an individual…

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Limelight Liquidation: 5 Shocking Celebrity Bankruptcies

Limelight Liquidation: 5 Shocking Celebrity Bankruptcies

From commercials to movie cameos to the many perks of fame, celebrities have no shortage of opportunities to make and keep money, yet many manage to go broke anyway. Dozens of stars have fallen from…

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Bankruptcy Glossary

Read This: Bankruptcy Glossary

Even the most responsible borrowers can’t always repay their debts, so if you plan to start a business or obtain a mortgage, make sure to have an exit strategy. Bankruptcy can provide a way out…

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