There was a time when the hardware store was small. Picture Walgreens with bolts and saws. Back then, the hardware store didn’t have everything needed to build a house - from basement floor to ridgetop vent. If you wanted building materials you went to a lumber yard....
Renown Automotive Seatmaker, Recaro, Files for Bankruptcy
What’s one way to tell if your company makes an incredible product? One surefire way to know is if it appears in the lyrics of a rap song. How about multiple rap songs? A common thread inside all of those Bentleys and Lamborghinis is Recaro seats. They aren’t the only...
The 99 Cent Store Has Filed For Bankruptcy
When you first started learning about money, that little plastic cash register with the plastic coins wasn’t the best teacher. Unfortunately for a lot of us, neither were our teachers in school. At some point we understood money - the counting part at least - but the...
Bankruptcy – Do I Lose It All?
This is just great! I’m in a financial bind. I’ve tried everything to get on my feet, but I owe way too much money to too many people. I’ve heard of bankruptcy and have been thinking about it a lot lately, but it’s just for people who don’t own anything, isn’t it? I...
Crypto Exchange Has Collapsed – Is Bankruptcy an Option?
We’ve talked about cryptocurrency before, and yet here we are. Why are we at it again? Who really cares about cryptocurrency and possible bankruptcy? Does this affect anyone in the real world? How many questions can we ask in a row before we are completely and utterly...
How Serious Is Bankruptcy Fraud?
If you’ve been alive for the last few years, you’ve probably heard at least a little something about bankruptcy fraud. The usual story revolves around a guy who used to be rich (or at least rich by your town’s standards) and now he’s down on his luck. Maybe his...
Cryptocurrency and Bankruptcy
Cryptocurrency. What on earth is Cryptocurrency and why should anyone care? Well… it certainly sounds scary enough. It has the ring of something that only takes place on the dark web. You might picture a mad-genius man-child huddled in the corner of his mother’s...
What’s Bad About Bankruptcy?
Have you ever been casually watching TV when all of a sudden, a five-minute long commercial comes on about some brand-new miracle drug? It always has some incomprehensible name that was clearly invented out of whole cloth that you won’t remember even after the...
Gameworks Is Gone
Didn’t your Dad once tell you, “It’s all fun and games ‘till someone gets hurt!”? What if the one who gets hurt is the one with all the fun and games? And what’s more harmful - the games or the fun? What about “All work and no play makes Jack a dull boy?” or the old...
The Bankruptcy Credit Counseling Requirement
Is there anything more riveting than a credit counseling class? Accountants, bookkeepers, tax preparers and the like often discuss these classes at dinner parties and other social gatherings. Those with insomnia often enjoy attending a virtual class from the comfort...