Bankruptcy Blog Archives

Many of you who are first time filers have all kinds of questions to ask about bankruptcy. One question that keeps cropping up is, “How long do you have to live in an area in order to file for bankruptcy? Like most bankruptcy questions, since bankruptcy laws are so complicated, the answer is not as [...]

Bankruptcy is a legal process which allows debtors, who are unable to repay debt owed to a creditor, to either discharge the debt or restructure some of their debt payments.  It is generally considered a last resort, because of the negative impact it has on the credit score of the person declaring bankruptcy, because it [...]

You have to pay attention to the entire economy–especially if you’re considering whether to invoke bankruptcy protection April 27, 2011 By Mike Hinshaw Last time we looked at various economic-indicator strategies, including the seemingly offbeat idea of following the share prices and sales of leading underwear manufacturers. Besides rising fuel and grocery prices we discussed [...]

Mortgage lenders facing stiff reprimands, possibly penalties & fines April 14, 2011 By Mike Hinshaw Anyone who’s considering or who has filed for bankruptcy protection needs to be aware of the latest news in the ongoing probe of the biggest U.S, mortgage lending banks. This is especially relevant for those who have been driven to [...]

This personal bankruptcy story was posted on the internet in February of 2011 as comments in a bankruptcy discussion: “Judgment against homestead owner — Lien on excess value of homestead property. A judgment against the owner of a homestead shall become a lien on the value of the homestead property in excess of the homestead [...]

This personal bankruptcy story was posted on the internet in January of 2011 as comments in a bankruptcy discussion: “My father still hasn’t filed for bankruptcy and hasn’t gained employment. It’s really seeming very hopeless on the employment side and his depression/unmotivated attitude is keeping him from proactively searching for jobs. And now on top [...]

This personal bankruptcy story was posted on the internet in January of 2011 as comments in a bankruptcy discussion: “I need to file so badly. I have lost everything and I need a place to stay (temporarily staying with a relative and I have to be out at the end of the month) and a [...]

Over 50% of the small businesses that start end up non-existent in five years, at least according to current statistics provided by the Small Business Administration. Most all of the businesses that failed either had no five year plan or lacked enough supporting capital to weather small dips in the economy, or both. Posted on [...]

Image via Wikipedia According to the National Bankruptcy Research Center and the American Bankruptcy Institute, personal bankruptcies were up to 1.53 million, a 9 % increase from 2009. This is the highest level since the 2005 laws were passed that were suppose to make it harder to file for bankruptcy. The financial crisis during this [...]

These personal bankruptcy story excerpts were posted on the internet in January of 2009 as comments in a discussion on bankruptcy: “I just wish there was some checklist for justifying Bankruptcy…I have a nice home, full of nice things, I have 3 little kids and $275k in debts, including the house…I already had $20k in [...]