Houghton Mifflin Harcourt Publishing Company, publisher of well-known works by authors J.R.R Tolkien and Mark Twain, as well as Curious George and Lord of the Rings, filed for Chapter 11 bankruptcy protection recently in New York as they work to reduce outstanding debt valued at more than $3 billion. According to the San Francisco Chronicle, the Boston, Massachusetts based [...]
After getting a better understanding of your financial troubles and have considered alternatives, you've decided the best solution for your situation is to file bankruptcy. The process is an important step that can help you get the new financial start you deserve but what you do before, during and after the process can make a [...]
Chapter 13 bankruptcy helps consumers restructure their debt with a 3 to 5 year repayment plan. Chapter 7 bankruptcy may seem like the best chapter to file when seeking debt relief by getting debt eliminated or discharged. But debt relief can also be obtained in Chapter 13, even though the process is more complex than [...]
Early this week, Reuters reported that "Octomom" Nadya Suleman filed for Chapter 7 bankruptcy protection in California. Nadya is known as "Octomom" after giving birth to octuplets in 2009. Court documents claim that Suleman has close to $1 million in debt. In recent months, it was reported that Suleman receives close to $5,000 a month in public assistance. According [...]
Clothing company Betsey Johnson has filed for Chapter 11 bankruptcy protection. The fashion designer's company claims to owe a substantial amount to creditors totaling over a million dollars, along with liquidation problems. The filing may result in 350 employees losing their jobs, meaning they will close more than 60 stores. According to Forbes, the retailer [...]
Debt Collectors and Collection Practices Being contacted from a debt collector may pose some questions and concerns that should be reviewed before making payment. Sometimes consumers are unsure about certain actions debt collectors are allowed and not allowed to do, which can give debt collectors a more likely chance to take advantage of someone not [...]
Reopening an unemployment claim after quitting a job depends on several factors. It is possible to reopen a claim but usually when employment is gained, you lose eligibility for benefits. Depending on your reason for leaving employment, you may be able to reopen your claim if there is a claim balance remaining. The reason for [...]
Requirements and Guidelines to Qualify for an Offer in Compromise An offer in compromise lets taxpayers settle tax debt for less than the original amount that is due. While the paperwork for the process can be obtained by the taxpayer who is seeking to apply, it has been recommended to work with a tax expert [...]
If you have been unemployed for a while, you may be thinking about making a career change or seeking self-unemployment. Keep in mind, some state programs are not eligible for those who are self-employed but some states may allow you to collect unemployment benefits while working toward self-employment. You'll have to review rules and requirements [...]
When Your Co-Signer Files Bankruptcy The bankruptcy process may seem challenging depending on personal circumstances and which chapter is filed. It is often wondered what happens when a co-signer files for bankruptcy protection. In many cases, a co-signer situation makes both parties responsible for outstanding debt. If the account in question goes into default, either [...]
