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21 August 2012
Category:
Bankruptcy
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US Cities Declare Bankruptcy – Part 2 of 3

The idea behind Chapter 9 bankruptcy is not that much different than a Chapter 13 personal bankruptcy. Under federal bankruptcy law, creditors are blocked from taking action after the filing, giving the municipality time to come up with a plan to restructure its debt. Often, that involves changing the maturity debts for outstanding municipal bonds […]


20 August 2012
Category:
Bankruptcy
0

U.S. Cities Declare Bankruptcy – Part 1 of 3

The past two years have seen a spate of Chapter 9 bankruptcy filings by cities and governmental entities such as Harrisburg, Penn. and Central Falls, R.I. In June, Stockton, Calif., a central California city with nearly 292,000 residents, became the largest in the United States to seek help from federal bankruptcy law. Chapter 9 bankruptcies […]


25 July 2012
Category:
Bankruptcy
0

How to Manage a Divorce and Bankruptcy

If you and your spouse are facing the prospects of a divorce and a bankruptcy, you are not alone. Financial troubles are often cited as the top reason for couples to divorce. Of course, the question now is how best to manage these two legal issues. The first step is to consult an experienced bankruptcy […]


18 July 2012
Category:
Bankruptcy
0

Be on the Lookout for Southern Illinois Bankruptcy Scams

Perhaps you’ve seen the ads: Companies on the Internet, throughout the country offering a plan to significantly reduce the amount of debt consumers owe, as well as the percentage rate on those debts. It’s all in the name of avoiding bankruptcy, and all too often, it’s nothing more than a scam. If you are having […]


26 June 2012
Category:
Bankruptcy
0

The Truth about Credit Negotiation

Even the most conscientious person can find themselves in financial difficulties from time to time. Medical emergencies, the loss of a job or unexpected household expenses can take a person from financial stability to disaster in no time at all. When a person finds themselves in financial difficulty and has no means of digging themselves […]

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