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Chapter 7

Some Bankruptcy Legal Facts and Suggestions

Brad Reid | Posted 02.03.2017 | Business
Brad Reid

This comment provides a brief and incomplete educational overview of a complex topic and is not intended to provide legal advice. Always consult experienced legal, accounting, and financial professionals in all specific debtor-creditor and bankruptcy situations.

The Fresh Start of a Bankruptcy May Restore Credit Faster

Richard Gaudreau | Posted 05.05.2015 | Money
Richard Gaudreau

People consider filing bankruptcy when the alternative has become worse. Figuring out if you are at that point though can be difficult. One misconception that makes people hesitate to file bankruptcy is the impact on their credit.

If My Home Is In Foreclosure, Should I File For Bankruptcy?, From Suze Orman (WATCH)

Posted 08.14.2013 | Home

If your home is in foreclosure, there is no reason to claim bankruptcy. When personal finance expert Suze Orman met with me on Mondays With Marlo, she...

Where Did $20 Million Go For Popcorn Lung Couple?

Posted 10.16.2012 | Money

Eight years after they won a $20 million "popcorn lung" lawsuit against the makers of a toxic butter flavoring used in microwave snacks, a Missouri co...

Aggressive Debt Collection -- Who's In Your Wallet?

Richard Gaudreau | Posted 08.11.2012 | Money
Richard Gaudreau

Bankruptcy is not on anyone's list of fun things to do. The promise of relief that comes from stemming this negative tide is the deciding factor for most people. If you've filed bankruptcy, and are still being bothered by your creditors, there are some things you can do.

Was Declaring Bankruptcy A Smart Decision?

TIME Moneyland | Martha C. White | Posted 07.04.2012 | Money

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 | New York
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 | Business

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 | Business

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 figur...

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

Posted 05.25.2011 | Business

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 | Business

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 | Chicago

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...