How Do I File Bankruptcy? When the time comes when you suspect you might need to file bankruptcy, you should approach the situation carefully.  Bankruptcy law involves complex concepts that have evolved for hundreds, even thousands of years. Bankruptcy Research General Bankruptcy Information With the advent of the internet, you have an overwhelming amount of […]

Start 2018 Off Right – Use Your Tax Refund to File Bankruptcy Filing Bankruptcy with your tax refund may sound like a boring way to spend your refund.  People like to use their tax refund for big luxury purchases, expensive car repairs, home improvement – any expense that requires a quick influx of a couple […]

History of Bankruptcy The History of Bankruptcy hearkens all the way back to Ancient Greece.  Actually, the word “bankruptcy” comes from the combination of the Ancient Latin words “bancus” (bench or table) and “ruptus” (broken).  It was commonplace for bankers to conduct business in the village square on a small bench.  If, for whatever reason, […]

The average American’s debt hits records levels this year. The previous record holder was a collective $1.02 trillion in 2008 just before the Great Recession. The average American’s debt has now hit a collective $1.021 trillion – the highest it has ever been. Average American’s Debt Hits Record Levels We should all treat this as […]

Hot Yoga Files Bankruptcy That’s right – the company that brought hot yoga to the U.S. files for Chapter 11 Bankruptcy after the founder’s sexual harassment scandals cost the company millions. Chapter 11 Bankruptcy Due to Chapter 13 Debt Limits Chapter 11 Bankruptcy applies to business entities like corporations. Chapter 11 Bankruptcy can enable a […]