Way, way back in 2005 when YouTube was just being born, another change to American culture took place that few of us noticed. Joe Biden spearheaded a new set of bankruptcy laws that made it more difficult for the average consumer to file for Chapter 7 bankruptcy. The...
Greece may Go Bankrupt
Greece… that’s a country, isn’t it? Can a country even file for bankruptcy? Apparently it can. And if it can happen to Greece, it can happen to you. Acropolis Now In recent years, Greece has been forced to implement austerity measures because it doesn’t have the money...
Our Client Who Lied
It was once said that “cheaters never win, and winners never cheat.” In a perfect world, this would be entirely true. But it is an unfortunate fact of life that some us are going to cheat, some of us will steal, and all of us will lie at one time or another. And...
Filing for Chapter 7 Bankruptcy – Watch Your Income!
Have you ever received an unexpected bonus? Are you in sales and you just had a huge month? Normally an unexpected spike in income is a good thing. For some, it’s a chance to go out and splurge on some retail therapy. For others, it might mean a few nights out on the...
Almost One-Sixth of Retired NFL Players File for Bankruptcy
“Are you ready for some bankruptcy!?” You can almost hear Hank Williams Jr. shouting that out as a new anthem for Monday Night Football. NFL players are paid an enormous amount of money to play a game that a lot of us would play for free if only our spouses would let...
Picking a Bankruptcy Firm? Do Your Homework
No one aspires to some day file for bankruptcy, but unfortunately many of us are forced into a situation where it is the best way to solve our economic crisis. Circumstances like sickness, job loss, divorce, and even irresponsible living are all major causes for...
According to RadioShack, Customer Information Is a Hot Commodity
The Shack is gone but not forgotten. Actually, that’s not entirely true. RadioShack did file for Chapter 11 bankruptcy, but that doesn’t necessarily mean it’s gone for good. All we know at this point is that reports claim it will be closing some of its less...
Our Client and Her Surprise Creditors
If you’ve ever fallen behind on payments, then you probably have had some not-so-nice experiences with creditors. If you fall far enough behind and your debt gets sold to a collection agency, then you’re in for a real treat. Dealing with creditors by mail and by...
The Bankruptcy Client Who Got in Trouble for Paying Back Her Own Mother
Just Like the Girl That Married Dear Old Dad She gave you life. She gave you love and affection. She gave you security and protection. She gave you seven grand. Yes, moms are by their very nature giving. And if you asked her, she would probably give you the shirt off...
President Obama Considers a Change to Student Loans for Bankruptcy Filers
Goodfellas Most of us have seen movies about the Mafia. One of the ways they earn money is by making loans. Have you ever seen what happens when somebody can’t pay them back? It’s not pretty. Usually you walk (or hobble) away with a few bruises and broken bones… if...