bankruptcy

Bankruptcy - the very sound of the word strikes fear into the minds of those who face its possibility. But Chapter 7 liquidation, Chapter 13 personal reorganization, and Chapter 11 business reorganization can be powerful and effective financial tools for individuals and businesses who do not have sufficient cash flow to pay incoming bills.

Although bankruptcy cases are filed in federal bankruptcy court under a national set of rules, state law determines what property you can keep and protect from creditors.  Business and consumer bankruptcy lawyers often provide extensive and free bankruptcy information to the public through blogs and websites.  As always, however, no source of web-based information can substitute for personal legal advice.

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Original Technorati articles tagged “bankruptcy”

• in Business
  Bankruptcy Alert: Hostess Makers of Twinkies and Wonder Bread
  The Chapter 11 company owes its union pension fund nearly $1 billion.
  by stephengfm / on Jan 11, 2012
• in Business
  American Airlines Parent AMR Corporation Files for Bankruptcy
  The main goal of the bankruptcy is to cut employee payroll.
  by stephengfm / on Nov 29, 2011
• in Finance
  Alabama County To File Largest Ever Muni Bankruptcy
  This pending bankruptcy has cast a shadow over the county and Alabama's largest city, Birmingham.
  by stephengfm / on Nov 9, 2011

Latest blogosphere posts tagged “bankruptcy”

 

• Teresa Giudice and Joe Giudice’s Bankruptcy Looms! – But $11 Million Debt Doesn’t Make Teresa Blue (PHOTOS)

  
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  During season two of Real Housewives of New Jersey news broke that Joe and Teresa Giudice are $11 million dollars in debt. The Giudices initially filed for bankruptcy, but then revoked their petition. Two years later Teresa says she is still dealing with the problem. The debt was accrued as the result of paying ...
  19 hours ago

• In light of NSA leaks, the government has compromised its moral capital...

  
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  From Glenn Reynolds, at USA Today, " Government compromises our trust ": It looked bad last week, but it looks much, much worse now. The federal government has been spying and lying. The only comfort is that, apparently, its been largely incompetent at both: Nobody believes the lies, and the spying wasnt even able to ...
  23 hours ago

• Rotting, Decaying And Bankrupt – If You Want To See The Future Of America Just Look At Detroit

  
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  by  Michael Eventually the money runs out.  Much of America was shocked when the city of Detroit defaulted on a $39.7 million debt payment and announced that it was suspending payments on  $2.5 billion  of unsecured debt, but those who visit my site  on a regular basis were probably not too surprised.  ...
  1 day ago

• Broadway Auto Credit Encourages Drivers to Consider Benefits of Good Credit

  
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  GREEN BAY, Wis., June 17, 2013 /PRNewswire-iReach/ -- When inundated with the negativity associated with bad credit, it can be difficult to consider the positivity that can come after poor credit is under control. Broadway Auto Credit is a resource for drivers looking for auto credit or...
  1 day ago

• Budget-Strapped University of California Squanders Millions on Mindless Diversity Programs

  
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  From Heather Mac Donald, at City Journal, " Multiculti U .": It’s impossible to overstate the extent to which the diversity ideology has encroached upon UC’s collective psyche and mission. No administrator, no regent, no academic dean or chair can open his mouth for long without professing fealty to diversity. It ...
  1 day ago

• Good Advice On Why You Should Avoid Bankruptcy

  
  Finance 411 — Authority: 122
  The specter of bankruptcy can cause many individuals to break out in a cold sweat. Mounting debt, combined with insufficient support for the family, is a horrible experience for a large number of people. If you’re afraid of this scenario (or worse if you are living at), it is our sincere hope that the advice given ...
  2 days ago

• Same-Sex Florida Couple Files Joint Bankruptcy, May Challenge DOMA

  
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  Brandon, FL ( Law Firm Newswire ) June 16, 2013 – A same-sex couple’s attempt to file joint bankruptcy could end up challenging the Defense of Marriage Act (DOMA). The couple, who reside in Florida, were legally married in Vermont. When their finances took a turn for the worse and they were unable to pay their ...
  2 days ago

• Get Paid to Clean Up Real Estate Properties

  
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  Although the economy is providing us all with a bit of a rough, unpredictable ride, the good news is that the housing industry is undergoing a gradual process of bouncing back. Luckily, this good news about the housing industry also opens up some interesting ways for you to earn money. Consider these options: 1. ...
  2 days ago

• Heres That Declan McCullagh Article at CNET Everybody Was Tweeting Earlier — #NSA

  
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  Heres the link, " NSA admits listening to U.S. phone calls without warrants " (via Memeorandum ). Read it all above. Glenn Greenwald, especially, was really tweeting this yesterday: As for claims that Snowden was lying in his claims, read the NSAs admissions and decide for yourself: http://t.co/EEiNoz21Pd — ...
  2 days ago

• Detroit to default on $2.5B debt to avoid bankruptcy, emergency manager says

  
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  Detroit is bankrupt … Liberal dream on the rocks. As now the admits it’s out of other people’s money to spend. Detroit used to be America’s shining star, so how did it become this? in a word, liberalism. Obama mismanagement, hand outs to all, and then they ran out of other people’s money to give away. USA ...
  3 days ago

• Detroit Stops Paying Billions in Debt to Avoid Bankruptcy

  
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  In a desperate attempt to avoid bankruptcy, Detroit’s Emergency Financial Manager, Kevyn Orr , announced the financially ailing city’s plan to immediately stop paying down $2.5 billion of its $18.5 billion of long-term debt. “Detroit’s road to recovery begins today,” Orr told a room full of nearly 150 of ...
  3 days ago

• Comedian Sinbad Files Second Bankruptcy. Can You?

  
  Texas Bankruptcy Blog — Authority: 112
  Comedian and actor Sinbad, whose real name is David Adkins, filed Chapter 13 bankruptcy in April listing nearly $11 million worth of debt and $131,000 in assets. Sinbad rose to fame in the 1990s, with prominent roles in successful family films including “Houseguest” and “Jingle All the Way.” Sinbad previously ...
  4 days ago

• The Daily Docket: Court Gives Bankruptcy Trustees a Win

  
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  A federal appeals court on Wednesday ruled that the federal government went too far when seizing assets to repay Scott Rothstein’s Ponzi scheme victims, handing a victory to bankruptcy trustees. Read the Daily Bankruptcy Review article here . (Daily Bankruptcy Review and DBR Small Cap are daily newsletters with ...
  4 days ago

• Bank of America Lied to Distressed Homeowners, Gave Gift Cards and Bonuses to Best Foreclosers, Former Employees Say

  
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  “Employees who placed 10 or more accounts into foreclosure in a month could get gift cards to Target and Bed, Bath and Beyond or $500 bonuses” “We were regularly drilled that it was our job to maximize fees for the bank by extending HAMP modifications by any means we could, including lying to customers”  ...
  4 days ago

• Why Tracking Your Personal Finances Is So Important

  
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  Tracking your personal finances is important, yet how much do you really know or even understand about your current financial status, your FICO score or how good your overall credit rating is? If you’re like the majority of people in the U.S., you may have little to absolutely no clue about what state your personal ...
  4 days ago

• Matt Taibbi | Everything is Rigged, Vol. 9,713: This Time, It’s Currencies

  
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  Everything is Rigged, Vol. 9,713: This Time, It’s Currencies I’ll get into this in more detail later (I’m on deadline for a magazine feature), but this story just landed. Given the LIBOR story, the Interest Rate Swap manipulation story, the Euro gas price manipulation story, the U.S. energy price manipulation ...
  4 days ago

• Thousands Of Firms Trade Confidential Data With The US Government In Exchange For Classified Intelligence

  
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  Thousands Of Firms Trade Confidential Data With The US Government In Exchange For Classified Intelligence The rabbit hole just got deeper. A whole lot deeper. On Sunday we predicated that “there’s one reason why the administration, James Clapper and the NSA should just keep their mouths shut as the PRISM-gate ...
  4 days ago

• B of A’s Refi Pitch a Bubble-Era Flashback

  
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  B of A’s Refi Pitch a Bubble-Era Flashback Bank of America’s (BAC) recent attempts to get some existing mortgage customers to refinance sounds eerily like a sales pitch from the bubble days of 2005. “See if refinancing could save you an estimated $4,344 in annual payment savings,” reads the pitch in boldface ...
  4 days ago

• Judge disqualifies Winston & Strawn in San Bernardino bankruptcy

  
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  Winston & Strawn has been disqualified from representing a bond insurer in the San Bernardino bankruptcy, due to a conflict created by the law firms hire of a lawyer who formerly worked for an opponent in the litigation. The Chicago-based international law firm had argued that the former California Public…
  4 days ago

• Personal Injury Tips You Shouldn’t Pass Up On

  
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  A couple of errors along the way can sink your chances of living the life you deserve. Getting compensated is often at the end of a long journey. Thankfully, the below article provides excellent knowledge that will assist you in getting through this crazy ordeal and receive a settlement you will be happy with. Detail ...
  4 days ago

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