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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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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 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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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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workers' comp lawyers in Hartwell, Georgia

Chapter 11 Is a Great Option for Small Businesses That Are Looking To Reorganize Business Assets

Small businesses often struggle with finances, sometimes to the point that they must seek relief through bankruptcy. While there are three choices (Chapter 7, Chapter 13 and Chapter 11) a business owner may be able…

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What Happens to My Mortgage After Bankruptcy?

Owning a home is a great achievement. Unfortunately, all of the hard work you have put into paying your mortgage may be at risk if you decide to file for bankruptcy in Georgia. What will…

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401k

Why You Should Refrain from Withdrawing from Your 401K During a Hardship

We all face financial hardship at some point in our lives. One very common remedy sought out by those dealing with unexpected circumstances like a personal injury, work-related injury or medical bills is to borrow…

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Filing for student loan bankruptcy with Morgan & Morgan Attorneys at Law P.C.

Student Loans and Claiming Bankruptcy

Student Loans are far and away the most difficult form of debt to erase. Bankruptcy filing is typically not an option for student debt unless debtors can clearly prove through a series of tests that:

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get expert help from attorneys in Athens about obtaining a mortgage after filing for bankruptcy

The Proper Steps To Obtaining a Mortgage After Bankruptcy

Filing for bankruptcy is not the end of the world. Rather, it is the spark of a new beginning where you can rewrite your financial goals, erase large amounts of your debt and start afresh….

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