Everyone experiences some sort of financial struggle. Good news: this is not the end-all-be-all! Some of the most successful people ended up filing for bankruptcy before they were rich and famous. Some of your favorite celebrities are on this list! Click the link below to see all 9 famous people who filed for bankruptcy [...]
How are foreclosures rising even though federal action has taken place? It seems these foreclosures are not happening to current live-in homeowners, rather they are foreclosing vacant and abandoned buildings, which can benefit neighborhoods and communities. Although U.S. foreclosures have only risen 9% since last quarter, total foreclosures have risen 75% since last March [...]
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 [...]
KXAN Austin reports the the popular Austin, TX based theater chain is closing two locations in the State of Texas in response to their recent Chapter 11 Bankruptcy filing. The two locations are in Austin, TX and San Antonio, TX. From the article: Alamo Drafthouse has 41 theaters in 10 states, including six theaters [...]
Stimulus money is finally being delivered to families in need across the country! You NEED to know the following before utilizing your funds when you are also filing for bankruptcy: Why Do You Need to Protect Your Stimulus Funds? Your creditors know you are receiving these funds. It is likely they will expedite collection actions [...]
Filing for bankruptcy can be a hard experience. It can be upsetting when a debtor finds themselves overwhelmed with debts and in over their heads. While many debtors may agree that anonymously filing for bankruptcy may be preferred, it's not. One critical component to filing for bankruptcy is the creditors' meeting, otherwise known as the [...]
Debt can be all-consuming, making it incredibly difficult to keep up with financial obligations. It's only natural for debtors that their sights set to filing for either Chapter 7 or Chapter 13 bankruptcy. Be aware that, for debtors, Chapter 7 is the most widely used filing, and not just anybody can file. There are many [...]
When families file for bankruptcy, one of the most common concerns they have is whether they will keep their family home. For many, this weighs heavily on the mind of someone who is considering bankruptcy as an option. While the automatic stay can undoubtedly stop foreclosure and offer relief, this is only short-lived, which is [...]
It should come as no surprise that many Americans carry significant debt, including student loans, mortgages, credit cards, and auto payments. Many people may find themselves spread thin, struggling to make payments for their financial obligations. This can lead to many considering how they can dig themselves out from under mounting debts. While bankruptcy may [...]
If you’re filing for personal bankruptcy, the bankruptcy code provides two main options: Chapter 7 and Chapter 13. If you want a “straight” bankruptcy wherein you allow the bankruptcy court to liquidate your assets in order to pay back your creditors, the bankruptcy chapter for you is Chapter 7, also known as liquidation bankruptcy. Going [...]
