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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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Athens bankruptcy lawyer

Toys “R” Us not going bankrupt after all

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…

READ MORE
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The easiest ways to save money after bankruptcy

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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Privacy considerations in bankruptcy cases

Many people facing the prospect of filing a personal bankruptcy are concerned about the loss of privacy that could occur when their financial affairs become a matter of public record. This is a reasonable concern.…

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Exemptions allow debtors to keep assets despite filing bankruptcy

There is no question filing personal bankruptcy is daunting. Understandably, debtors have a multitude of questions, such as how filing might impact their credit score, what happens to the debts included in bankruptcy paperwork and…

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What is the role of Bankruptcy Trustee?

A person who files bankruptcy will likely never meet or speak with the countless people involved in their bankruptcy, such as their creditors and, in most cases, the Bankruptcy Judge assigned to their case. However,…

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What an automatic stay is and how it can keep debt collectors away

When a debtor files bankruptcy, a “legal shield,” called an automatic stay, goes into effect immediately. It serves to stay, or stop, all collection efforts in effect at the time of the bankruptcy filing. One…

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Why hiding assets is a bad idea when filing bankruptcy

You have likely heard the expression that “Honesty is the best policy.” Not only is that true, but telling the truth is absolutely necessary when it comes to filing bankruptcy. Lying in a bankruptcy case…

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What to expect when going to court for a Chapter 7 bankruptcy

It is natural for people to worry about what to expect when they go to court for their Chapter 7 bankruptcy’s “341 Meeting,” also known as the “Meeting of Creditors.” Concerns about a creditor or…

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What happens to my secured debt if I file Chapter 7 bankruptcy?

There are two kinds of debt: secured and unsecured. A debt is secured when the creditor/lender can recover a specified asset from the debtor/borrower if the borrower does not repay the loan on time. A…

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Tips for Rebuilding Your Credit After Bankruptcy

How do you begin to rebuild your credit following a bankruptcy? A common misconception about bankruptcy is that it will forever ruin your credit. Many people fear that they will never again be able to…

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