Category Archives: Personal Bankruptcy


It’s Chapter 7 for Former Black Eyed Peas Manager

Contrary to popular perception, bankruptcy isn’t only for people who are just scraping by. Even very wealthy people can get to a point where their assets are outweighed by significant debts. Take, for example, the case of former Black Eyed Peas business manager Sean Larkin. As part of his contract with the pop group, he……
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Real Life ‘Jerry Maguire’ in Bankruptcy

At one point, Leigh Steinberg was probably the most famous agent in all of professional sports. He even served as the model for Tom Cruise’s character in the movie “Jerry Maguire.” Unfortunately, as has happened to so many people, Steinberg fell on hard times. He made some bad investments, lost two homes to mold and……
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More Americans Using Tax Refunds to Pay for Bankruptcy

With tax season upon us, many New Jersey residents are trying to decide what to do with that much-anticipated refund check.  Increasingly, people in New Jersey and throughout the country are using their refunds to file for bankruptcy. The 2005 Bankruptcy Abuse Prevention and Consumer Protection Act raised the average cost of filing for bankruptcy by……
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Should Student Loan Debt Be Dischargeable in Bankruptcy?

Student debt is at an all-time high. For the first time ever, total outstanding student loan debt topped $1 trillion in 2011. In 2010 alone, American students took on more than $100 billion in debt to pay for their educations. New Jersey student certainly aren’t immune from this problem. The average New Jersey undergrad carries……
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