Blog Posts in October, 2009

Hit & Run Driver Seeks Chapter 7 Bankruptcy Protection

A Florida woman who pled guilty to killing two children and seriously injuring two others in a 2004 hit and run accident has filed for Chapter 7 bankruptcy protection. Jennifer Porter, who owns a ...

Chapter 7 Bankruptcy Continues to Rise in Georgia & Mass.

North Georgia and Massachusetts are the latest places in the United States to experience a surge in bankruptcy filings. The Atlanta Business Chronicle is reporting that the amount of Chapter 7 ...

Chapter 7 Bankruptcy Continues to Rise in Georgia & Mass.

North Georgia and Massachusetts are the latest places in the United States to experience a surge in bankruptcy filings. The Atlanta Business Chronicle is reporting that the amount of Chapter 7 ...

Can I Protect an Inheritance From Being Liquidated During Bankruptcy?

If you inherit money from a person who died within 180 days of the date that you filed for bankruptcy, you must inform the bankruptcy court about the money. The money you inherited becomes a part of ...

Cage and Braxton: Latest Stars to Face Financial Troubles

Two of Hollywood's biggest celebrities are facing financial troubles that could land them in bankruptcy court. According to a federal tax lien notice obtained by celebrity gossip site TMZ, actor ...

Bankruptcy Cases Increase as Medical Debt Goes Unpaid

Thousands of people throughout the United States are filing for bankruptcy due to mounting medical bills they cannot afford to pay. According to an informal survey of local bankruptcy cases by the ...

The Two Types of Consumer Bankruptcy

When people have decided to file for bankruptcy, they will have to decide which type of consumer bankruptcy they should file for. In the U.S., there are two types of consumer bankruptcy - Chapter 7 ...

Owner of Clearwater Beach Hotel Files for Chapter 11

The owner of the Best Western Sea Wake Beach Resort in Clearwater Beach, Florida has filed for Chapter 11 bankruptcy protection while it restructures its finances. Enchantment LLC filed its petition ...

Surviving Bankruptcy

If you have recently filed for Chapter 7 or Chapter 13 bankruptcy, chances are that you feel relieved. However, you may also feel a bit fearful or unsure of what you should do next. The important ...

What Types of Debts Are Not Dischargeable Through Bankruptcy?

Chapter 7 bankruptcy is the most popular type of consumer bankruptcy because it completely eliminates a person's dischargeable debt. That being said, Chapter 7 will not eliminate all of person's debt. ...

Bankruptcy Means Test Explained

In the United States, before people can file for consumer bankruptcy, they must complete a means test. Prior to October 2005, this test was not a bankruptcy filing requirement. However, after that ...

Reader's Digest Paid Millions to Top Executives Before Filing for Bankruptcy

It has been discovered that just a mere 12 months before filing for Chapter 11 bankruptcy, Reader's Digest paid more than $28 million to executives, directors, and other "insiders." The company, which ...