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Bankruptcy and Credit News

• InCharge Debt Solutions to present at Kansas City bankruptcy forum
  InCharge Debt Solutions, a nonprofit organization servicing the needs of consumers in the realm of bankruptcy, credit counseling, housing and personal finance education,   Read More . . .
  
  
  
• Hudson Valley Bankruptcy Bar Association Seminar to feature debt solution, credit counseling courses
  Bankruptcy lawyers and other legal professionals will be on hand September 9 in Hyde Park, New York, for the pre-filing credit counseling and pre-discharge debtor education courses offered by InCharge Debt Solutions.   Read More . . .
  
  
  
• Credit Managers' Index released for August, numbers continue to drop
  The National Association of Credit Management, supporter of more than 15,000 financial and business credit professionals across the globe, recently released the Credit Managers' Index for August.   Read More . . .
  
  
  
• Minnesota real estate developer exits bankruptcy, allowed to keep key properties
  Jerry Trooien, a St. Paul, Minnesota-area real estate developer, recently emerged from protection under bankruptcy law and is retaining several of his properties with a chance to start over.   Read More . . .
  
  
  
• TransUnion reports lowest credit card delinquency rate in 17 years
  A recent report by TransUnion, a worldwide leader in risk management and information, finds that the national credit card delinquency rate has dropped for the sixth consecutive quarter and now sits at 0.6 percent.   Read More . . .
  
  
  
• Bankruptcy attorneys attribute drop in filings to lack of funds, apathy
  While recent reports indicate a nationwide drop in bankruptcy filings, with some states showing sharp decreases by as much as 30 percentage points, one bankruptcy attorney isn't sold on the good news.   Read More . . .
  
  
  
• Shaky economy causing consumers to spend less, bankruptcy filings drop
  U.S. consumers continue to spend cautiously and the effects are spilling over into bankruptcy rates, as Reuters is reporting an 18 percent drop in consumer bankruptcy filings for July.   Read More . . .
  
  
  
• Summit Business Media to exit bankruptcy
  A business media company recently received the O.K. to exit bankruptcy protection, after having its reorganization plan accepted.   Read More . . .
  
  
  
• Alabama county closer to bankruptcy after storm
  A county in Alabama is even closer to filing for the largest municipal bankruptcy in history after recent storms ravaged the area.   Read More . . .
  
  
  
• Bankruptcy looms for YRC Worldwide
  A trucking company based in Overland Park, Kansas, may still enter bankruptcy later this year, despite a recent injection of new funds into the cash-strapped business.   Read More . . .
  
  
  
• Bankrupt California golf community sold at auction
  A California ranch, which has been in bankruptcy since 2008, was recently purchased at auction for $22 million.   Read More . . .
  
  
  
• New York City jeweler pleads guilty to bankruptcy fraud
  An antique collector and jeweler from Manhattan, New York, recently pleaded guilty to three charges of bankruptcy fraud.   Read More . . .
  
  
  
• Legal iGaming files for bankruptcy
  Legal iGaming, a Las Vegas company that owns patents for slot machines, filed for bankruptcy in the U.S. bankruptcy court in Nevada, after reporting a large amount of losses.   Read More . . .
  
  
  
• Lehr Construction announces a Chapter 11 filing
  This week, Lehr Construction Corp., a New York-based interior construction company filed for Chapter 11 bankruptcy, becoming the second area service provider to do so in the last week.   Read More . . .
  
  
  
• Home furnishing company files for bankruptcy
  Robb and Stucky Limited, one of North America's largest home furnishing and interior design companies, filed for Chapter 11 bankruptcy protection this week.   Read More . . .
  
  
  
• Historic Roundhouse restaurant files for bankruptcy
  After failing to meet months of bill obligations, the Aurora, Illinois-based America's Historic Roundhouse restaurant and brewpub announced it filed for Chapter 11 bankruptcy this week.   Read More . . .
  
  
  
• Bankruptcy could severely impact credit
  While bankruptcy offers many benefits, including the ability to escape escalating debt and harassing phone calls from creditors, many consumers don't take the time to think about what this decision means to their credit.   Read More . . .
  
  
  
• Emmy winning kids show files for Chapter 11
  Word World LLC, the company behind the three-time Emmy award-winning PBS show of the same name, announced this week that is filing for Chapter 11 reorganization.   Read More . . .
  
  
  
• Colorado Theatre braces for bankruptcy
  The Shadow Theatre Company announced this week that it will seek Chapter 11 bankruptcy protection after falling thousands of dollars behind on its debt repayment.   Read More . . .
  
  
  
• Ultimate Electronics' owners file for bankruptcy protection
  The owners of Ultimate Electronics filed for Chapter 11 protection in a U.S. bankruptcy court in Wilmington, Delaware this week.   Read More . . .
  
  
  
• Central Illinois farmer files for Chapter 11
  A farmer in Illinois, who is experiencing a lawsuit for his role in the demise of a grain elevator company, has filed for Chapter 11 bankruptcy.   Read More . . .
  
  
  
• Fewer bankruptcies predicted in 2011
  Even though consumer bankruptcies finished 2010 at a near five-year high, financial experts predict there will be fewer filings in the coming year.   Read More . . .
  
  
  
• Former East Chicago mayor files bankruptcy
  Robert Pastrick, the former mayor of East Chicago, recently filed for bankruptcy, halting the state of Indiana's attempts to seize his property and to pay off $108 million in debt.   Read More . . .
  
  
  
• Mad Donna's files for bankruptcy protection
  The owners of Tennessee restaurants Mad Donna's and MD Loft filed for Chapter 11 bankruptcy in court on Thursday.   Read More . . .
  
  
  
• Bankruptcy trading rises in November
  U.S. bankruptcy claim trading rose in November to its highest level in months, according to a new report.   Read More . . .
  
  
  
• Iowa developer files multiple bankruptcy petitions
  A number of companies owned by Des Moines, Iowa, developer Dan Stanbrough are about to file for reorganization.   Read More . . .
  
  
  
• Asian Art Museum contemplates bankruptcy
  San Francisco, California's, Asian Art Museum is experiencing financial difficulties and may be forced to declare bankruptcy.   Read More . . .
  
  
  
• Rhode Island woman's bankruptcy voids legal fees
  Earlier this year, a Superior Court judge ordered a Rhode Island woman to pay $30,000 in legal fees resulting from a divorce case.   Read More . . .
  
  
  
• Companies emerging from bankruptcy to receive B's
  More than 100 companies that are scheduled to exit bankruptcy before 2012 will receive B level credit rankings, according to a new report.   Read More . . .
  
  
  
• Hawaii sees bankruptcy decline
  The number of residents filing for bankruptcy in the Aloha state fell below 300 in October.   Read More . . .
  
  
  
• Pennsylvania capitol moves closer to bankruptcy
  With the threat of lawsuits from several creditors looming, the city of Harrisburg, Pennsylvania, was bailed out by the state government.   Read More . . .
  
  
  
• Rangers' bankruptcy problems impacting all of major leagues
  It appears as though the Texas Rangers' bankruptcy proceedings have begun to affect other teams across the league as well.   Read More . . .
  
  
  
• Fed official: More discipline, less oversight needed to fix economy
  One high-ranking Federal Reserve official believes that the economy needs less regulatory oversight and greater discipline in the market.   Read More . . .
  
  
  
• Bankruptcy no help for student loans
  The cost of a college education has risen significantly in the past few years, and students have, as a result, had to take out gigantic loans to help pay for it. But when they can't, there isn't much they can do.   Read More . . .
  
  
  
• Teaching kids about finances can prevent problems later in life
  Fewer adults nationwide are able to save money as a result of the struggling economy, and it could be setting a bad example for their children.
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• Trimming finances will help consumers avoid debt
  Consumers can use their physical fitness plan to get their finances into shape as well.   Read More . . .
  
  
  
• Lack of teen summer jobs may lead to financial irresponsibility
  Summer jobs are an essential introduction about money and financial responsibility for teens.   Read More . . .
  
  
  
• Responsible actions can soften bankruptcy's blow
  Taking positive financial steps after a bankruptcy can reflect positively on a person's credit report.   Read More . . .
  
  
  
• Getting a car loan after bankruptcy
  There are ways for consumers that have filed for bankruptcy to receive low interest rates on auto loans.   Read More . . .
  
  
  
• Americans' spending cuts not as high as hoped
  Slightly less than half of Americans spent less money in April, but the number is fewer than what was reported in February, according to a recent Gallup report.   Read More . . .
  
  
  
• College graduates should learn smart financial moves
  It's easy for recent college graduates to make financial mistakes. However, if they are provided with the appropriate information when leaving school, they are less likely to fall into debt and possible bankruptcy.   Read More . . .
  
  
  
• Planning key to financially successful retirement
  A new study reveals that pre-retirees can learn a lot from retired individuals about the best retirement decisions to make.   Read More . . .
  
  
  
• Low-fund text alert made available from bank
  The mobile banking movement is growing with a number of new features being offered to customers.   Read More . . .
  
  
  
• Women twice as worried about retirement savings than men
  A Retirement in America survey found that twice as many women said their most pressing financial concern is not being able to adequately save for retirement.   Read More . . .
  
  
  
• Disability insurance not a high priority for Americans
  Americans fear disability but not enough to financially prepare for it.   Read More . . .
  
  
  
• Consumers developing better spending habits
  The number of consumers learning and taking on more financial responsibility is rising.   Read More . . .
  
  
  
• Delinquency rates for credit cards dive
  The number of consumers late 90 days or more on their credit card payments has fallen, according to TransUnion's most recent quarterly analysis.   Read More . . .
  
  
  
• Millennial generation worried about debt
  Americans in the Millennial generation have been seriously affected by the down economy and are looking for stability, according to the Heartland Monitor Poll.   Read More . . .
  
  
  
• Customers increasingly unhappy with online banking
  Fewer people happy with online banking according to new study.   Read More . . .
  
  
  
• Women learning financial literacy from website
  Learnvest teaching women how to be financially responsible.   Read More . . .
  
  
  
• Buying a car can help young adults build credit
  Purchasing a car is one way to build credit for young adults.   Read More . . .
  
  
  
• Unemployment claims drop
  Fewer people are filing first-time unemployment claims.   Read More . . .
  
  
  
• Seattle has highest debt in the country
  Experian ranked the top 20 major metropolitan areas by debt.   Read More . . .
  
  
  
• Nearly a quarter-million jobs lost in first quarter of 2010
  Not all economic news has been good lately, as is evident from the latest quarterly report from the U.S. Bureau of Labor Statistics.   Read More . . .
  
  
  
• Summer employment may be hard to find
  The competition to secure employment this summer will be more difficult than in the past, according to CareerBuilder's Annual Summer Job Forecast.   Read More . . .
  
  
  
• Filing bankruptcy requires credit counseling
  Bankruptcy filings have increased since the financial meltdown. However, in order to file for one, a person must first take part in credit counseling.   Read More . . .
  
  
  
• One-fifth of Americans don't discuss finances before marriage
  Close to one in five Americans said they don't talk about finances before they get married, a Zogby survey found.   Read More . . .
  
  
  
• Mobile banking gaining popularity with youth
  Although mobile banking is still a new technology, it has already proven to be popular with a younger demographic, Cardbeat - a market research study of credit card holders - reports.   Read More . . .
  
  
  
• Americans confidence in personal finance status rising
  The number of Americans confident in their personal financial status is increasing, the most recent Consumer Reports Index found.   Read More . . .
  
  
  
• Personal finance expert helping Americans avoid bankruptcy
  On Tuesday, Jean Chatzky, a personal finance expert, announced two new programs at the Finovate conference that are meant to help consumers better understand debt and credit. Debt can ruin a person's credit and set them up for bankruptcy.   Read More . . .
  
  
  
• Is bankruptcy a better option than negotiating debt?
  A number of Americans have fallen deep into debt over the last few years and having to choose which way to climb out of it can be confusing.   Read More . . .
  
  
  
• Economic downturn's impact will be permanent for Americans
  A study released on Monday shows that the effects of the economic downturn could have an unfavorable, long-lasting impact on the American people.   Read More . . .
  
  
  
• Consumer credit risk drops
  For the first time since 2008, consumer credit risk has decreased.   Read More . . .
  
  
  
• Parents need to be educated more about credit scores
  A Harris Interactive survey found that not enough parents know what is required to achieve a good credit score.   Read More . . .
  
  
  
• Avoiding credit repair fraud
  The number of Americans with poor credit scores has risen substantially over the last three years due to the financial meltdown.   Read More . . .
  
  
  
• Campaign to rid Americans of debt launches
  Last week, a campaign was launched in order to educate Americans about the dangers of debt.   Read More . . .
  
  
  
• More consumers are keeping up with credit card payments
  As the economy continues to improve, so does the consumer's ability to make credit card payments on time.   Read More . . .
  
  
  

These articles are all written by BankruptcyHome.com's great editors and contributors. If you would like to write articles for BankruptcyHome.com, please email editor[at]bankruptcyhome.com.

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