When a kid snatches an old lady's purse, it's punished as a crime. But when a corporation manipulates bankruptcy law to deny thousands of retired coal miners benefits they labored their entire lives to earn, it's endorsed by federal court.
Student lenders have collection powers denied most creditors. Credit card companies can't garnish your wages without a court order. A federal student loan collector can garnish your wages just by sending a notice in the mail to your employer.
There is an age-old tradition in this country: if you don't like a law and can't get rid of it, look for a loophole. That's what some companies that don't want to comply with an important Obamacare requirement have done, and it appears they've hit pay dirt.
All smart entrepreneurs know to seek legal council prior to signing off on a term sheet. However, even those who do understand the terms, tend to visualize a profitable exit,
A recent publication out from the Federal Reserve appears to indicate consumers have learned to cut back on debt, at least for now. The reduction mig...
We are wary of used cars salesmen, but how conscious are we of the fact that almost everything we buy is sold to us by a commission-based broker who wins when they convince us to buy more than we came to purchase?
I've written a number of guides about all sorts of debt related issues but for some reason I've never written one about how to find a great bankruptcy attorney. So here goes.
As I stir my morning coffee, I can hear the television downstairs in my parents' apartment, the morning news is going over the financial status of our...
With their southern partners' economies collapse resulting in these nations being unable to purchase many imported goods, Germany has decided to pursue the only assets left to be had, namely the funds remaining in their banks.
With little fanfare, more than five million people every month are now getting online advice from real lawyers in their practice area and state. Have a child custody question in California? No problem. Bankruptcy in Baltimore? Deportation in Dallas? Covered.
The company's bankruptcy filing listed $16.3 million in debt and $50,000 in assets. How can a company like this even have any assets? Is it the stacks of VHS tapes sitting in the corner? The Hollywood rights to "Sexiest Shower Scenes?"
Local leaders and citizens need to be aware of the municipal bankruptcy process and what it means to their community. Unless government officials learn to exercise budget control, more and more municipalities may face the prospect of bankruptcy.
Here is something you don't expect to hear people say, "If you file bankruptcy your life will get better." Well, I did file bankruptcy and my life did get better. Within three years of bankruptcy we had purchased a house and before that had rebuilt great credit using secured credit cards.
How can it be that almost every movie (and every big-grossing movie!) out there is VFX-driven, and yet one of the top companies in the industry has to file Chapter 11?
Former Los Angeles Mayor Richard Riordan officially announced his endorsement of mayoral candidate and former federal prosecutor Kevin James.
Hey, in this country of inflationary inequality, gerrymandering, hanging chads and corporations that are people too, my friend -- the lottery seems to us like the last bastion of true democracy!