Fast Company shares the stories of multiple people who have filed for bankruptcy. They share why it has been the best decision they've ever made. "Clean Slate" Whitney Reynolds filed for bankruptcy in 2014 because of overwhelming credit card debt. She had racked up $23,000 of credit card debt since graduating college. Her father [...]
Celebrity Net Worth reports that Poo-Pourri inventor Suzi Batiz had filed for bankruptcy twice before becoming a millionaire with a successful business. Batiz's first bankruptcy stemmed from her desire to have financial freedom and success due to her impoverished childhood. At 19, Batiz bought a bridal shop in Arkansas. Unfortunately, her business went under [...]
The Hollywood Reporter reports that just months after having to close two beloved locations, the Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will be opening 5 new theaters within the next two years! Back in March 2021, the Alamo Drafthouse had to file for bankruptcy. Just three months later, the chain now [...]
CNBC reports on the growing success of the first convenience store, 7-Eleven. The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores [...]
Entertainment Daily reports that Kerry Katona, the former Atomic Kitten member, is once again back on her feet after several years of financial struggles. After many years of financial hardships and going bankrupt several times, Katona impresses fans (and anyone struggling with finances) by announcing that she is yet again a homeowner! From the [...]
How to Rebuild Credit After Bankruptcy Many people avoid bankruptcy because they have heard the stories of how bankruptcy stays on your credit report for 7-10 years. They believe that this will ruin any chances of ever having a good credit score. Untrue. In fact when you file bankruptcy and receive your immediate debt relief you [...]
Using Bankruptcy to Stop Credit Card Collections Can Bankruptcy Stop Credit Card Collections? Bankruptcy CAN stop collection attempts from credit card companies that include lawsuits or other forms of legal action. The automatic stay offers protection from collection attempts and stays in place until your case is completed. The stay goes into effect when you file bankruptcy, either Chapter [...]
We know that filing for bankruptcy can be a stressful ordeal. And while you may feel relief after your case closes, the decisions you make in your life after bankruptcy are just as (if not more) important. To learn more about how to regain control of your finances after filing bankruptcy, contact a skilled bankruptcy [...]
It is a popular misconception that only unsuccessful people or businesses file for bankruptcy, or that there is no way for people to achieve success in the future after filing. Allmand Law Firm, PLLC would like to dispel the myth that bankruptcy and success are somehow mutually exclusive of one another, and focus on how [...]
If you're like most people, then you're probably using your debit card for many everyday transactions such as shopping for groceries, paying a restaurant bill and putting gas in your car. But many more merchants are beginning to practice placing a "hold" on bank accounts so that they can insure that they can get their [...]
