If you are facing bankruptcy, you may worry about the disposition of retirement accounts, such as your 401(k) or your profit sharing plan. Congress revised the Bankruptcy Code in 2005, and the changes shed light on your concerns. About the BAPCPA The revision is the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, better known […]
Filing for bankruptcy is a big step in your financial life. However, if you are overwhelmed with debt, you may have determined it is the only realistic thing to do. You have a family, a home and a job, and you are leaning toward filing Chapter 13, but you still have questions, not only about […]
When a company faces financial difficulties and goes into bankruptcy, Chapter 11 is the type most businesses use. Sometimes, however, the hoped-for advantages might not work. Toys “R” Us recently ran into this problem and is now in the process of converting its Chapter 11 protection for Chapter 7. Why Chapter 11 Toys “R” Us […]
When you are a renter, the search for just the right place to live can have its challenges. When you find an apartment or rental house that seems like the perfect fit for you, you don’t want any complications getting in the way of you getting approved for a lease. Among the things that could […]
Most of us look up to certain celebrities and put them on pedestals. Then, to prove that the stars we admire are only human, something quite ordinary happens in their lives, such as running out of money. Here is a brief look at how four celebrities coped after making the decision to file for bankruptcy. […]
If you are accruing debt, your first instinct may be to ignore it. It can be difficult to admit you have a problem; however, ignoring outstanding debts can lead to a frozen bank account or wage garnishment. According to NPR, millions of Americans are getting their wages seized because of medical bills and credit card debt. When […]