Bankruptcy Blog

5 Signs that It’s Time to Consider Filing for Bankruptcy

August 20, 2015

Many people are carrying debt month to month. Whether this is student loan debt, credit card debt or some other debt obligation, diligently paying more than the minimum monthly payment can be key to resolving that debt and improving your overall financial situation. For some people, however, bills may be overwhelming, and getting by each…
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3 Tax Debt Solutions When You Can’t Pay the IRS

August 10, 2015

Being pursued by any creditor can be stressful. When that creditor is the IRS, however, the situation can be more intense. This is because the IRS can bring your financial situation to a complete halt, cutting you off from your bank accounts and income (when deemed necessary). So, if you have a tax debt that…
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Bankruptcy News: Rapper 50 Cent Files for Chapter 11 Bankruptcy

July 20, 2015

Rapper “50 Cent,” Curtis Jackson, has recently filed for Chapter 11 bankruptcy in federal court, claiming he’s broke and he owes creditors more than $28 million. According to court documents, Jackson’s debts include two multi-million verdicts against him: One for $18.4 million, which arose from a case in which Jackson was being sued for stealing…
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5 Questions to Ask Yourself When You’re Struggling to Pay Your Bills

July 10, 2015

Now and again, money can get tight. When, however, these financially challenging times are not temporary, asking yourself the following questions can help you figure out what your options are for getting out of debt and improving your financial situation. When Overwhelmed with Debt, Ask Yourself… 1 – Can I cut back my spending? When…
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4 Things to Avoid Doing before Filing for Bankruptcy

June 30, 2015

When bankruptcy is the best option for resolving a serious debt situation, people usually do not run out and immediately file the paperwork to begin their case. Instead, they generally have to get their affairs in order, take a credit counseling class and prepare the necessary documents. This can mean that, commonly, it will be…
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Prominent U.S. Grocer on Brink of Filing for Bankruptcy, Some Say

June 20, 2015

A&P, a grocer that has been doing business in the U.S. for more than 155 years, may be on the brink of bankruptcy, some are predicting. Last month, attempts to sell the company via auction were not met with any viable offers. Now, with only 400 locations open throughout the U.S., some expect that the…
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5 Steps to Take When You Need a Financial Fresh Start

June 10, 2015

When you can’t seem to make any headway on digging yourself out of debt and improving your financial situation, it may be time for a financial fresh start. While the paths to getting this fresh start will be different for different people (depending on their debt situation and some other factors), in general, the following…
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Bankruptcy Judge Approves $26M Sale of RadioShack Name, Intellectual Property

May 31, 2015

A proposed sale of RadioShack’s name and intellectual property has just been approved a U.S. bankruptcy judge. According to the terms of the deal, the bankrupt RadioShack will sell its brand name and customer data to General Wireless for approximately $26 million. General Wireless, an affiliate of Standard General, reportedly acquired more than 1,700 RadioShack…
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4 Steps to Prioritizing a Budget

May 21, 2015

Living on a budget is one of the most effective ways to know what you are spending and, consequently, keep your debt in check. However, if you’ve never put together a personal budget before, understanding how to prioritize it can be confusing if not challenging. Here’s a look at the steps you can take to…
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SkyMall Filed for Chapter 11 Bankruptcy

May 10, 2015

SkyMall LLC and its parent company, Xhibit Corp., have recently filed for Chapter 11 bankruptcy, citing increased competition from online retailers as one of the reasons for its waning popularity and profits. Another reason cited for the bankruptcy filing was the increased use of smartphones (and other devices) on flights, as more and more flights…
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