If you are one of those seriously delinquent homeowners, or one who is draining your nest egg or tapping home equity to make the mortgage payments, is there a way to hang on long enough?
These days millionaires abound, mainly because of the highly inflated value of real estate in certain locales. But billionaires? Far and few between. Think it's not possible for a billionaire to go broke? Think again.
If your company is struggling, face the facts about the health of your business, and then come up with a strategy.
Credit being "ruined" doesn't really mean anything anyway, because having "good credit" simply means having good enough credit to achieve a particular goal.
The former Godfather's Pizza CEO's misstatement sheds light on an interesting historical anecdote: Not all the Founding Fathers were in favor of granting the Federal Government broad power with regard to bankruptcies.
While the US national debt is exploding to historic levels, it is not the problem that the media or politicos makes it out to be. The US debt situatio...
Layering a business relationship atop a personal one will change the dynamic of the relationship and can create some unintended consequences.
Trump may have just "dropped out" of the Presidential race, but who he is and what he represents in our culture is as important as ever.
Every year in Cook County, thousands of women are facing tough choices and making the difficult decision to declare bankruptcy, a decision that has the potential to dramatically change someone's life.
All cheap money did was get us into this mess in 2007. And now we're heading towards those same waters without a functional financial reform process. We must fix Dodd-Frank now, we cannot afford another Lehman Brothers.
The country already came to the conclusion that we should restrict marketing tobacco products to minors because they can kill you. Debt can also be deadly. Why are we allowing them to take on so much so early on?
A law that would lash together forced cuts in public-employee wages seems feverish. But it does explain the historical oddity of Republicans pursuing this expansion of federal reach.
The day that Borders declared bankruptcy, I happened to be in the middle of a book tour. Which you might say was Ground Zero for an author.
Borders is bankrupt. People are crawling out of the woodwork with opinions. I'm not one of them. I'm not sure what to think.
Borders failed to develop a new business model while trying to perfect its traditional one. Doing both helped Barnes & Noble hold its ground against Amazon.com, WalMart and others.
Bank of America announced last Friday that they were creating a new subsidiary, Legacy Asset Servicing, to handle their 1.3 million troubled mortgages. What does this move really mean?