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19 October 2012
Category:
Bankruptcy
0

What Happens if My City Files for Bankruptcy?

The recession hit many people in the United States hard, and few were left totally unscathed. Even though individuals may have emerged from the recession without having to file bankruptcy, several cities and municipalities did not fare so well. The upswing in cities declaring bankruptcy has left many individuals confused about what this means for […]


21 September 2012
Category:
Bankruptcy
0

The Advantages of a Chapter 7 Filing

Now that you’ve thought long and hard about your financial situation and met with your bankruptcy attorney for an initial consultation, it’s time to go ahead with the bankruptcy filing. The main question at this point is which of the two personal bankruptcy chapters is best for your personal situation. The first step your bankruptcy […]


18 September 2012
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Debtors Can Get a ‘Fresh Start’ by Filing for Bankruptcy

People in financial trouble today take history for granted as they head to a bankruptcy attorney for a consultation to decide between the two choices for personal bankruptcy. Imagine living in Europe or even in England as recently as a few centuries ago. Whether you had fallen upon hard times was immaterial. A debtor was […]


30 August 2012
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Chapter 7 Bankruptcy, the Means Test and What it Means

According to national statistics, 7 out of every 10 people filing for personal bankruptcy choose Chapter 7 liquidation over Chapter 13 reorganization. In a one-year period ending March 31, 2012, there were 958,757 Chapter 7 filings, compared to 396,175 Chapter 13 filings. The reasons are fairly clear: A Chapter 7 discharge is possible within three […]


21 August 2012
Category:
Bankruptcy
0

U.S. Cities Declare Bankruptcy – Part 3 of 3

Already in 2012, the cities of Mammoth Lakes, San Bernardino and Stockton in California have filed for bankruptcy. What is likely to happen in 2013 and beyond? A number of analysts, including Moody’s Investors Service, say more Chapter 9 filings are likely for California cities. Like Stockton, many other cities issued government bonds during the […]

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