Chapter 7

Was Declaring Bankruptcy A Smart Decision?

TIME Moneyland | Martha C. White | Posted 05.04.2012

Nadya Suleman has made no secret of her financial troubles, which came to a head this week when the “Octomom” filed for bankruptcy. The mother of ...

Racial Discrimination Can't Be Solved by Fighting Poverty

Elaine Gross | Posted 04.07.2012

Elaine Gross

Many people would agree that disparate treatment based on race is wrong, but how can we try to remedy the situation when so few people are willing to create policies and practices that explicitly address such forms of structural racism?

Seven Terrifying Things They Don't Tell You About Bankruptcy

InvestingAnswers | Posted 11.29.2011

InvestingAnswers

Attorneys often tout bankruptcy as an easy way to get out of debt, but they downplay some of the serious long-term consequences. Before you decide if bankruptcy is right for you, consider seven realities first.

Consumer Bankruptcies Hit 5-Year High In 2010

Posted 05.25.2011

NEW YORK (By Jonathan Stempel) - The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figu...

Fixed Income & Credit Card Debt: Why Retirees Are Declaring Bankruptcy

Posted 05.25.2011

For more and more seniors, retirement doesn't mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bank...

Bankrupticies Soar -- But Not For Businesses

Posted 05.25.2011

WILMINGTON, Delaware - Bankruptcies rose 13.8 percent in the year to September 30 but business filings fell for the first time since the start of the...

Chicago Bankruptcies Soar Despite New Laws, Stiffer Filing Fees

Chicago Sun-Times | Posted 05.25.2011

The recession has left consumers in its wake. In the metro Chicago area, 48,510 individuals filed for bankruptcy protection last year -- 39 percent mo...