Bankruptcy Blog

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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Fredrick’s of Hollywood Files for Chapter 11 Bankruptcy

April 30, 2015

After nearly 70 years in business, L.A.-based Fredrick’s of Hollywood – the racy lingerie retailer famous for introducing the push-up bra – has filed for Chapter 11 bankruptcy relief. Citing issues such as expensive leases, increased competition and declines in mall traffic/storefront sales, Fredrick’s of Hollywood Group, Inc. has noted in its Chapter 11 filing…
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2014 Credit Card Debt Statistics: See How You Fare (Pt. 2)

April 20, 2015

Resuming 2014 Credit Card Debt Statistics: See How You Fare (Pt. 1), here, we will wrap up this discussion by taking a look at the amount of credit card debt the average U.S. consumer is currently carrying. More Fascinating 2014 Credit Card Debt Statistics The following statistics have been compiled based on data from the…
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2014 Credit Card Debt Statistics: See How You Fare (Pt. 1)

April 10, 2015

Credit card debt is often one of the largest sources of debt people have, and it tends to be one of the most difficult to get rid of. In fact, even if you are good about making your minimum monthly payments, it can be hard to start making real headway on the principle if you…
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7 Holiday Spending Mistakes to Avoid (Pt. 3)

November 18, 2014

Ending our three-part blog series 7 Holiday Spending Mistakes to Avoid, below we will highlight some final ways you can avoid holiday spending mistakes this (and every) year! More Holiday Spending Mistakes to Avoid Mistake 6 – Not being careful to protect yourself from identity theft while you do your holiday shopping. As holiday shoppers…
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