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Entries Tagged as 'Bankruptcy'

Seven Things You May Not Know About Bankruptcy

October 5th, 2009 · No Comments · Bankruptcy

Though I rarely recommend bankruptcy (usually because the person does not qualify or the debt is $25K or less), sometimes this is the only route. The laws were rewritten in 2005, and confusion still abounds.

Even the rich file bankruptcy. I’ve certainly seen this happen – and it can happen quickly. Even for people [...]

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When Having Bad Credit Isn’t Your Fault

September 29th, 2009 · No Comments · Bankruptcy, Credit Bureaus and Scores, Credit Repair, Credit Reports

Many people think that having bad credit is always someone’s fault. In today’s economic environment, foreclosures are happening right and left and the job market is the worst since 1983. As a result of this crisis, the number of people with bad credit (not just a few missed payments) is increasing. [...]

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Bankruptcy Filings Surge Amid Rising Unemployment

June 19th, 2009 · No Comments · Bankruptcy, Consumer Debt

It is more bad news for the United States economy, as data recently released by the Administrative Office of the U.S. Courts indicates both consumer and corporate bankruptcy filings increased dramatically in 2009.
According to the report, the total number of U.S. bankruptcies filed during the first three months of 2009 increased 34.5 percent over the [...]

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Medical Bills Account for 60% of Bankruptcies

June 5th, 2009 · No Comments · Bankruptcy

Despite having health insurance, many bankrupt families were overwhelmed by their medical debts, the team at Harvard Law School, Harvard Medical School and Ohio University reported in the American Journal of Medicine. The researchers, funded by the Robert Wood Johnson Foundation, said the share of bankruptcies that could be blamed on medical problems rose [...]

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