Category Archives: Bankruptcy

Categories

Bankruptcy is not Always Preventable for Many Americans

Despite the negative stigma attached to it, there are many reasons that people file for bankruptcy and it isn’t always that a person has been financially irresponsible. According to the Administrative Office of U.S. Courts, there were 1,072,805 bankruptcy filings during the 2013 fiscal year, ending on Sept. 30 2013. Contrary to popular belief, most……
Read More



Can Bankruptcy Help With Your Student Loan Debts?

There are more Americans with student debt than there are people in many countries. According to the Consumer Financial Protection Bureau, there are more than 40 million Americans dealing with student loans, amounting to more than $1.2 trillion in amassed debt. On top of that, of those 40 million borrowers, seven million have defaulted and……
Read More


Gadget Specialty Company Brookstone Prepares for Bankruptcy

Citing declining sales, weak liquidity and high levels of debt, the once popular shopping mall gadget retailer, Brookstone, is preparing to file for bankruptcy protection. However, it appears that another specialty company, Spencer Spirit Holdings Inc., may be ready to swoop in and purchase Brookstone. After missing a payment to its creditors in January, Brookstone……
Read More


Bankruptcy: When is it Time to Throw in the Towel?

Filing for bankruptcy should not be looked at as a “get out of jail free card,” or even as a go-to first option when dealing with debt. Bankruptcy is a remedy when you’ve tried other ways out of debt that haven’t panned out. For example, have you cut your spending and tried to find extra……
Read More