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Bankruptcy Law Blog
US Bankruptcy Rate Dropped In 2013, For The Fourth Year In A Row
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 [...]
Holiday Debt? If It’s Only Part Of The Puzzle, Consider Chapter 7
According to dailyfinance.com, more than half of all American parents were planning to take on at least some holiday debt in order to buy presents for their children, and its likely you did, too. Consumer credit card debt in the [...]
US Trustee Program: Beware Of Online Bankruptcy Preparation Scams
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
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 [...]
Could Your Bankruptcy Actually Help Your Kids Get Financial Aid?
If you’ve been hit hard by the Great Recession, you probably have more bills than you know what to do with. A job loss, for example, not only means less income but a cascade of negative financial events. When people [...]
Afraid That Filing Bankruptcy Will Affect Your Career? The Facts
Despite the Great Recession being officially declared over, it’s still a tight job market. Many people remain unemployed, while others are still worried about their job security. Even some in stable jobs feel they can’t afford to take risks. If [...]