Being honest during your bankruptcy can make the filing process easier to complete with increased chances of getting the outcome you want. For many debtors this includes bankruptcy discharge, eliminating or wiping out debt. You may think things are complete upon being granted a discharge of debts, but if you were not honest during proceedings [...]
There are debtors who feel filing bankruptcy may not be necessary when they are unemployed. But as time goes by, you have been unable to repay debt obligations or you have no assets for creditors to seize. When you gain employment again you may start thinking about your finances with intentions of getting back on [...]
Each year roughly 1 million cases are filed in bankruptcy court. During 2012 it was estimated that hundreds of thousands of petitions filed included foreclosure, but this wasn't the prime reason why many filed. A recent study took a look at why many cases were filed that year, with some surprising results. While many households [...]
Oksana Grigorieva, Mel Gibson's ex and mother of Gibson's child, filed Chapter 13 bankruptcy in California. Grigorieva and Gibson went through an explosive child custody war in which she was awarded hundreds of thousands of dollars. But recently she claims she has fallen on hard times and only has $10 to her name. According to documents related [...]
Allison Mathis, the ex-girlfriend of Miami Heat star Chris Bosh files bankruptcy protection. She is the mother of a 5-year old child fathered by Bosh. She reportedly receives child support payments from Bosh for their child in the amount of $3,000 a month, but many may see this as mere pennies since the NBA star [...]
A member of the Outlaws Motorcycle Club was recently sentenced to several years in prison for their involvement in an illegal organized scheme in Indiana. Jamie Bolinger, also known as Jammer, 36, of Martinsville, Indiana was sentenced to 102 months in federal prison after he pled guilty to a slew of offenses including extortion, drug [...]
Bankruptcy has created stereotypical views of consumers who file for protection. While each situation is different, you should not let rumors, misconceptions, or false presumptions steer you from learning the facts about filing. There are people who have been known to be careless about their finances and seek protection. Yet, most cases do not include [...]
Debtors may wonder if they can keep their vehicle in a Chapter 7 bankruptcy case if they are still making payments on it. Others may wonder what can happen if they have been unable to make payments but they still want to retain the vehicle. Even though there are two options a debtor may have in this type [...]
Nicole Eggert, 42, former star of the television show "Baywatch" files bankruptcy with this filing being her third attempt in one year. Eggert filed a Chapter 13 bankruptcy petition to restructure financial obligations and catch up on mortgage payments to prevent foreclosure of her home. She filed bankruptcy twice in the last year with both cases being dismissed. Filing [...]
With the economy still struggling to bounce back, many people have decided to start their own business when they were unable to gain employment. Having an entrepreneurial attitude during an economic downturn can be beneficial with proper planning. Yet, even self-employed individuals and those with a business run into financial problems and wonder if bankruptcy [...]