Bankruptcy Blog Archives

The Set UP One of yesterday’s news headlines was “California to Run Out of Cash Without Any Action.” This past few years, we have been seeing these types of news headlines in states all across the nation. Does this type irresponsible actions by our states and local government place the entities alongside all the other [...]

    Leigh Steinberg has recently come forward in the news media to set the record strait about his financial affairs and personal life. Steinberg is known as the agent whom represented famous athletes and inspired the movie, Jerry McGuire. In a self written article posted online in ThePostGame of Yahoo Sports, Steinberg wrote, “The [...]

A Recent Bankruptcy News Story According to recent news sources, Eastman Kodak filed for bankruptcy protection last week. By filing, Kodak is seeking to increase its cash position in order to stay in business. In anticipation of filing the Chapter 11, Kodak borrowed $950 million from Citigroup this past Thursday to pay for operations during [...]

SLAPP Defined According to Wikipedia, SLAPP is an acronym for a strategic lawsuit for public participation. The lawsuit is purportedly “intended to censor, intimidate, and silence critics by burdening them with the cost of a legal defense until they abandon their criticism or opposition. The typical plaintiff does not normally expect to win the lawsuit.” [...]

Old News As a followup to the news blog I posted on January 17, 2012 entitled, Lawsuits Ease on Credit Card Debt, new details may have surfaced that will shed light on the now scandalous actions of the big credit card and mortgage banks like JPMorgan Chase. At the time of the posted blog, Chase [...]

  A story published online surfaced today that JPMorgan Chase and Co. has begun to cease filing lawsuits to collect consumer debts. They are currently in the process of dismissing in-house attorneys and ceasing most of their aggressive collection activities that has been responsible for bringing millions of dollars in monthly judgments. Many are speculating [...]

If Americans use bankruptcy filings as an indicator of how the economy is faring, then there is a brighter economical future for the United States in 2012. Bankruptcy filings steadily fell across the board in the United States in 2011 and may be effecting its economy. That might be an indicator for bankruptcies and a [...]

Spiritual Hope for the Future Being bankrupt carries a deeper meaning than not having the finances to provide you with living expenses. You can have a good job with all the money in the world to sustain your current lifestyle, but still be completely bankrupt spiritually. According to a recent Associated Press news article posted [...]

It is no secret that the United States faces an ultimate challenge to revamp its economy and pay off its debts. Some “Dooms Day” advocates are actually predicting when the looming collapse of our financial demise will come. This debtor most likely has read some of the Dooms Day prophecy and reported this stance on [...]

Data from the National Bankruptcy Research Center (NBRC) indicates filings for bankruptcy protection nationwide have declined for the eighth straight month. In August 2011, there were 113,432 filings compared to 127,028 recorded for August 2010. The filings for all of 2011 are expected to be much less than the 1.5 millions filings in 2010. One [...]