Where Is a Company Most Likely to Go Insolvent In 2016?

Insolvency is one of those elements of business that will never leave us. Just as some businesses thrive in the marketplace, others struggle and of those, some are always destined to become insolvent. Whilst you might be forgiven for thinking that insolvency rates remain the same everywhere, that’s simply not true. Indeed, according to leading… Continue reading Where Is a Company Most Likely to Go Insolvent In 2016?

Is Bankruptcy Different From State to State?

For individuals facing difficult financial circumstances, bankruptcy is a common solution. However, before moving ahead, it’s important to understand more clearly what it entails and what it means for you. One of the most common questions about bankruptcy is whether it is different from state to state, or whether the same laws, regulations and stipulations… Continue reading Is Bankruptcy Different From State to State?

2010 Was a Record Year for Those Filing Bankruptcy, Will History Repeat Itself?

When looking at all the data, 2014 is working out to be very similar to what happened back in 2007. Back in 2007 the mortgage industry virtually imploded destroying any equity people had in their homes. Because of this, many Americans lost their homes to foreclosure as they walked away because of no equity left.… Continue reading 2010 Was a Record Year for Those Filing Bankruptcy, Will History Repeat Itself?

Is It Possible To Obtain A Mortgage After Filing For Bankruptcy?

Declaring bankruptcy, depending upon your circumstances, can be a real life-saver if you can’t repay your credit card debt. If utilized correctly and responsibly, it can put an end to harassing creditors and sleepless nights. It’s often thought of as an option of last resort, because other alternatives should be considered before filing a Chapter… Continue reading Is It Possible To Obtain A Mortgage After Filing For Bankruptcy?

Keep Your Car During Bankruptcy With Car Loan Reaffirmation

Car is no longer a luxury for an American; it has become a necessity for his survival. Don’t worry about your car, when you file for Chapter 7 bankruptcy. You can use your car during bankruptcy by informing the bankruptcy court about your decision in an official document called Statement of Intention (SOI). Why is… Continue reading Keep Your Car During Bankruptcy With Car Loan Reaffirmation

86 Million Americans Should Know That Unemployment and Filing Bankruptcy Go Hand-In-Hand

Over the last few years the dinosaur media has been building up the news to show that the US economy is in full recovery. In fact, they recently hooped it up to the news of 6.7% unemployment. While, the government employees probably believe these numbers, those in the private sector are having a tough time… Continue reading 86 Million Americans Should Know That Unemployment and Filing Bankruptcy Go Hand-In-Hand