bankrupt

Bankrupt is a state of being legally declared incapable of paying off creditors. Individuals and businesses can go bankrupt but it must be applied for to the courts. A legal action must take place to be sure the debtors' creditors get repaid as much as possible for their outstanding balances.


Bankrupt individuals, once legally declared, will have their credit rating affected for approximately seven years after the declaration. After that point, it is possible for the debtor to begin to re-earn credit.

Bankruptcy is most often filed by the debtor but in extreme cases, creditors have filed "involuntary bankruptcy" against the debtor and been successful. This is a lengthy process and the case must be severe, meaning extremely large amounts of monies owed.

You'll find bloggers talking about bankruptcy at sites like Credit Slips and Economic Policy Journal.

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Original Technorati articles tagged “bankrupt”

• in Finance
  Retirement at Rainbows End?
  Retirement dreams in tatters for dozens of gay retirees!
  by jasonshaw99 / on Oct 30, 2011

Latest blogosphere posts tagged “bankrupt”

 

• Sinbad Claims He’s Bankrupt, Owes Millions To IRS

  
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  Sinbad is bankrupt yet again. The comedian and actor claims that he owes upwards of $10 million dollars to a handful of creditors. Included among the people looking for a payout are the folks at the Internal Revenue Service. Sinbad apparently owes around $8.3 million to the United States government. Sinbad, who was ...
  5 days ago

• Live + Photos: Phoenix At Sweetlife Festival

  
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  Photography by Nate Cover Like the  Yeah Yeah Yeahs ,  Phoenix has the right idea when it comes to a setlist: although they’re currently supporting their latest effort,  Bankrupt! , which only came out a few weeks ago, they understand the importance of sticking to what their audience wants to hear, which ...
  5 days ago

• Mixtape: Bankrupt Business 13 – Stacks Of Cash | Mixed by DJ Bankrupt

  
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  Track Listing 1.Imma Gwopstarr – GwopStarrz 2.T.U.C.K – Earn My Stripes 3.Mouce – Money Long Time (Prod. HB Titan) 4.Bigg Jigg – Street Grind 5.Yooda – I Need That Now GMIX ft. Bad guy, VidoNoShake, B.O 6.Mr. Hardtime ft. Breezy Ali – Money Walk 7.Gur-nt ft. Great Whyte KL – Run Dat In 8.FRiGg JameZ – ...
  6 days ago

• ZOOM Bankrupt Bike Racing Road Alloy Maes Drop Handlebars With Claud Butler Tape Reviews

  
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  ZOOM Bankrupt Bike Racing Road Alloy Maes Drop Handlebars With Claud Butler Tape * MAKE: ZOOM RACING/ROAD HANDLEBARS* 4 AERO* LITE WEIGHT* GROOVED FOR THE TRIATHALON BRAKE LEVERS* 26.0mm CLAMP* WIDTH APPROX 410mm* CENTRE TO CENTRE MEASUREMENT FOR DROP: APPROX 150mm* COLOUR: MATT SILVER* CONDITION:NEW* TAPE* PAIR ...
  2 weeks ago

• Discovery Zone

  
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  On a lazy, rainy Saturday afternoon, children can be a real handful. They’re whiney, agitated and complaining about how bored they are and how all of their thousands of dollars worth of board games, video games , and action figures “suck.” What in the name of shutting them the fuck up can you do to appease ...
  2 weeks ago

• Dame Dash Deep In Debt And And Facing Eviction From Home

  
  ForbezDVD — Authority: 145
  The piles of money he made with Jay-Z have been replaced by mountains of IOUs. Hip-hop mogul Damon Dash is so deeply in debt that he claims in court documents he faces imminent eviction from a rented mansion in suburban Carmel, N.Y. “I am currently several months behind in paying my personal bills,” he wrote ...
  2 weeks ago

• Small Talk With Phoenix Part 2: Phoenix Buys Michael Jackson’s Console, Goes Broke!

  
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  Posted on ANDPOP : French band Phoenix have been lucky enough to have their music graced by the spirit of one of the world’s most recognizable musical artists—Michael Jackson! No, they didn’t summon good ol’ MJ in a séance (that would’ve been cool if not slight creepy), but they do have his console! Bass ...
  2 weeks ago

• Australia: Former Catholic Priest Hit With 64 More Sex Abuse Charges

  
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  As noted previously on this blog, governmental commissions in Australia are holding inquiries on sexual abuse of minors and, while not officially targeting the Roman Catholic Church, it goes without saying that given the continued sensational stories of abuse and cover up, the Catholic Church will receive most of the ...
  2 weeks ago

• Opinion: The Egyptian Treasury and the Specter of Bankruptcy

  
  Middle East and Terrorism — Authority: 156
  by Adel Al ToraifiThere were two worrying pieces of news from Egypt this week. One was the reshuffling of Prime Minister Hisham Qandil’s cabinet based on partisan calculations, rather than competencies as was initially hoped. The second piece of news was the report that Egypt’s population now stands at more than ...
  2 weeks ago

• What if Medicaid Costs Lead to Bankruptcy?

  
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  Can you afford to apply for Medicaid for your loved one? More seniors today are facing bankruptcy than ever before and medical costs are a contributing factor. As more of the population ages one of the biggest fears many people have is to need a nursing home at that final stage of our lives and not being able to ...
  2 weeks ago

• Phoenix: Chloroform

  
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  It’s not easy to elect the best track on Phoenix new album “ Bankrupt “, and not even fair. But “ Chloroform ” could surely take that spot.   BUY ALBUM The captivating slow track gets you right in the beginning, with a brilliant keyboard intro, and delivers into the album’s most ...
  2 weeks ago

• STREAM/DOWNLOAD: Phoenix – “Trying To Be Cool” (The Chainsmokers Remix)

  
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  Our New York buddies, The Chainsmokers , are back in touch with a brand new groovin’ ass remix of Phoenix’s “Trying To Be Cool.” The source material comes off of Phoenix’s newest effort, Bankrupt! , which just released on April 22, and the remix may land The Chainsmokers on the streets essing dees ...
  2 weeks ago

• ‘Girls Gone Wild’ Creator Convicted Of Assault And False Imprisonment

  
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  Famous smut-peddler Joe Francis , the creator of the popular  Girls Gone Wild series of films, has been convicted of assault, false imprisonment, and dissuading a witness. Despite the gravity of the charges against him, Francis still maintains he is innocent. The longer rap-sheet reads like this : Francis was ...
  2 weeks ago

• Five Favs

  
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  Welcome to my Five Favs. This is my personal list of things I’m currently digging hard on. Like, so hard it’s bleeding. I’m sure you all know the feeling. You [...] Author information Jazmine Hill Associate Editor at Serial Optimist Future writer director. 22 year old girl with the ...
  3 weeks ago

• Bankruptcies plummet in the first quarter of 2013

  
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  Mark King debt2.jpg The number of people declared bankrupt in England and Wales plummeted by 27% in the first quarter of 2013 compared to the same period last year, falling from 9,132 to 6,663, ...
  3 weeks ago

• Phoenix - Trying To Be Cool

  
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  Phoenix - Trying To Be Cool
  3 weeks ago

• Is this the most narcissistic generation we’ve ever seen?

  
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  The headline of the attached article only re-iterated what our clients have been sharing with us for the past ten odd years, only the criticism in recent time has accelerated. We have witnessed behaviours noted first hand and I can tell you, giving authentic feedback to some of these spoilt brats does not always ...
  3 weeks ago

• Entertainment Coupon Book Acquired, Saved!

  
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  Back in March, we posted that iconic coupon brand, Entertainment book, filed for bankruptcy protection. We were surprised, as was the market. Over the course the month of April, they proceeded with their filing and auctioning of assets and were finally purchased. Who purchased them? (Right out of a movie script) A ...
  3 weeks ago

• New Music Review: Phoenix-Bankrupt!

  
  Station To Station — Authority: 142
  Phoenix-Bankrupt! Average Score: 70  [Matador] Available At: emusic , Amazon MP3 & CD ______________________________________________________________________ 85 Under The Radar Its all keyboards to the fore, their lightness lifting the album on to a wave of ...
  3 weeks ago

• Phoenix – Alphabetical (2004) / Wolfgang Amadeus Phoenix (2009)

  
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  When I reviewed Alphabetical for Stylus a decade ago (a decade!) I littered the piece with references to Guy Debord; Situationist, Marxist, and author of the revolutionary 60s text The Society of the Spectacle , which basically posits the idea that society is going to hell in a handbasket because authentic social ...
  3 weeks ago

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