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

2021-03-11T21:59:09+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 [...]

Benefits Of Bankruptcy

2020-02-03T13:09:58+00:00August 30th, 2012|

The following are the main advantages to filing a Bankruptcy: 1. Discharge of Debts. No matter what chapter of the Bankruptcy Code a debtor may file under, the goal would be to obtain a discharge. A discharge makes some of the debtors [...]

Difference Between Chapter 7 Bankruptcy And Chapter 13 Bankruptcy

2022-01-27T15:17:46+00:00August 22nd, 2012|

For most individuals there are two different types of Bankruptcy filing — A Chapter 7 liquidation and a Chapter 13 repayment plan. Both serve the same purpose of providing relief from your debts. But each has advantages and requirements that will determine which is [...]

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