A “credit score” is a number assigned to you by one of the credit reporting agencies, Experian, Trans Union or Equifax. It’s a measure of how safe you are as a borrower. If your [...]
When you file bankruptcy, there is an estate created. The estate consists of all the property that you own, of any kind, such as houses, cars, bank accounts, investment accounts, retirement [...]
Rapper 50 Cent’s bankruptcy continues its roller-coaster ride. Back in January I wrote a post about how 50 Cent might be in trouble with the bankruptcy court because he posted on Instagram [...]
IHeart Media, a multi-platform media conglomerate best known for IHeart Radio, a music streaming service that operates 850 radio stations, has filed Chapter 11. Saying that it has more than $20 [...]
In the past two weeks I’ve met with two different potential clients who are considering bankruptcy because of failed business ventures. That of itself isn’t unusual because the large [...]
More retailers are filing bankruptcy. Most business bankruptcies start out as attempts to reorganize under Chapter 11, but many end up being converted to Chapter 7, and some businesses [...]
Credit unions are like banks in a lot of ways. They accept deposits, provide checking and savings accounts, and make loans like mortgage loans, car loans, personal loans and credit cards. But [...]
Earlier this month it was reported that Lisa Marie Presley was in debt to the tune of a cool $16.7 million and that her liquid assets were less than $20,000. This came from public records of her [...]
When someone files either Chapter 7 or Chapter 13, she has a choice about secured debt (debt where a creditor can repossess or foreclose on property). The first option is to retain the property, [...]
One of the most powerful tools in the bankruptcy tool box is the automatic stay. Lawyers talk about it a lot, creditors are afraid of violating it and most debtors wonder what it is. The word [...]
