US Bankruptcy Rate Dropped In 2013, For The Fourth Year In A Row

2020-02-03T14:31:16+00:00January 17th, 2014|

The American Bankruptcy Institute, a nonpartisan group that provides research and education on bankruptcy and insolvency, recently released statistics gathered from all U.S. bankruptcy courts, finding that the overall rate of bankruptcy dropped in 2013 by 13 percent over the [...]

US Trustee Program: Beware Of Online Bankruptcy Preparation Scams

2020-02-03T14:00:53+00:00December 23rd, 2013|

When people with debt problems reach the conclusion it’s time to file for bankruptcy, many find it hard to justify the expense of hiring a bankruptcy lawyer. Even though bankruptcy services are generally quite affordable, taking on any new expense [...]

Union Seeks To Expedite Detroit Bankruptcy Appeals For Justice

2020-01-31T10:20:04+00:00December 9th, 2013|

On Dec. 3, a U.S. Bankruptcy Court judge ruled that the City of Detroit can file for Chapter 9 municipal bankruptcy. That makes Detroit the nation’s largest municipality to file for bankruptcy, greatly eclipsing others on the list, including three [...]

Bankruptcy — How Soon Can I File Again?

2020-02-03T14:02:37+00:00August 22nd, 2013|

In order to get a discharge in bankruptcy, sufficient time must pass between the filing of two separate bankruptcy cases. So if a bankruptcy case is filed too soon, a discharge may not take place. While there is nothing to stop a [...]

Medical Bills The Leading Cause Of U.S. Consumer Bankruptcies

2020-02-03T16:43:19+00:00June 27th, 2013|

According to a recent study by NerdWallet Health, the leading cause of consumer bankruptcy filings in the U.S. is not credit card debt or mortgages, but rather health care bills. In fact, an estimated two million people in the U.S. will file [...]

American-US Airways Bankruptcy Merger Approved, $20 Mln Bonus Not

2020-02-03T13:30:07+00:00April 18th, 2013|

American Airlines’ parent company AMR Corporation filed for Chapter 11 bankruptcy in late 2011 in the hopes of reorganizing its debts, ditching some obligations, and putting itself in a strong position for future profitability. Last year, US Airways Group, Inc., [...]

Avoiding Judicial Liens In Bankruptcy

2020-02-03T14:21:41+00:00October 26th, 2012|

A Chapter 7, 11 or 13 Debtor may avoid a judicial lien recorded against their real property that impairs the exemption on the property. There is no statute of limitations on filing a motion to avoid this judicial lien. Thus [...]