Monthly Archives: May 2012

Using Chapter 7 to Become Debt Free

Over the last few years there has been a lot of interest in becoming debt-free. Many websites have been popping up from experts like Dave Ramsey, showing people how to get out of debt. The problem for many is when … Continue reading

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Publishing Company Boston Hannah Enters into Chapter 7 Bankruptcy

Today, Boston Hannah International LLC announced it was filing bankruptcy. The publishing company filed for Chapter 7 bankruptcy in the US bankruptcy court in Wilmington Delaware with assets of less than $50,000 and debts of more than $500 million. Chapter … Continue reading

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In the US, Foreclosure Has Become a Household Word

Recently, you probably can’t turn on the TV without hearing something about foreclosure. Over the last three years, there has been much attention drawn to the failing real estate market and how many Americans are losing their homes to foreclosure. … Continue reading

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Commander’s Bankruptcy Filing Has Been Delayed Again

A federal bankruptcy judge has delayed the bankruptcy hearing of airplane manufacturer Commander for the fourth time. The failed airplane manufacturer owes Cape Girardeau more than $800,000 in lease obligations. The hangar they use is a city owned unit at … Continue reading

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Honesty Is of Utmost Importance in Personal Bankruptcy

Over the last 20 years, corruption has swept over the entire nation of the United States. In fact, people are surprised to hear stories of when someone does something honest like returning a purse. Politicians lie about everything to the … Continue reading

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Guilt Ridden about Filing Bankruptcy

In today’s society, many Americans avoid filing bankruptcy because of guilt. The topic of a bankruptcy has become an emotional one and not one of common sense. There are many people that are struggling to make their monthly payments today … Continue reading

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LightSquared Announced It Was Filing Bankruptcy

Today, it was announced that LightSquared Inc. was filing bankruptcy in hopes of resolving the concerns of US regulators who have been blocking the build out of their high-speed wireless Internet. The company believed they would be able to service … Continue reading

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The Complete Cost of Filing Bankruptcy

After talking to a number of colleagues, friends and family, I have come to the conclusion that America is broke. Not only the government, but just about every American family is sliding down the slope with the country. The lucky … Continue reading

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Bankruptcy and Foreclosure Rates and What Do They Mean

At the end of 2010, many experts were predicting the foreclosure and bankruptcy rates to continue to increase through 2011 and 2012. As 2011 finished up, we saw a slight decline in Americans filing bankruptcy. This also crossed over to … Continue reading

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The Ugly Stigma That Filing Bankruptcy Carries

There are many reasons why Americans avoid filing bankruptcy immediately. Most people delay filing to the point of further damage to their finances. When pondering the subject it seems counterproductive of how these people continue making minimum payments on their … Continue reading

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