Monthly Archives: February 2012

Consult A Bankruptcy Attorney To See Which Chapter Of Bankruptcy To File

The chapter of bankruptcy that most people think of when they discuss filing bankruptcy is Chapter 7 and Chapter 13. Other bankruptcy filing options include Chapter 9, which allows for the reorganization of debt that is overseen by municipalities. There … Continue reading

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After Filing Bankruptcy American Airlines Wants to Terminate Its Pension Plans

  This week, American Airlines who entered into bankruptcy filing back in November announced that it wanted to terminate its pension plans for its 130,000 employees. Since 2006, American Airlines has already saved $2.1 billion because of two congressional measures … Continue reading

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Filing Bankruptcy Offers the Most Powerful Protection

  Over the next couple years, many Americans are having to make the decision of how they will eliminate this debt they have gotten themselves into. The average American has about $16,000 in credit card debt and when considering the … Continue reading

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Using Their Bankruptcy Filing, American Airlines Plans on Cutting 13,000 Jobs

American Airlines is using their high-profile bankruptcy filing to benefit them by eliminating 13,000 jobs or 15% of its workforce. The ailing airline is doing everything it can to remake itself using the bankruptcy filing. As part of the bankruptcy … Continue reading

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Always Be Upfront with Your Attorney When Filing Chapter 7 Bankruptcy

When filing Chapter 7 bankruptcy it is crucial that the debtor is totally forthcoming in all aspects when disclosing their financial information. This includes disclosing information about absolutely every asset they own or even have interest in, as well as … Continue reading

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