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How To Avoid A Second Bankruptcy Filing

Filing bankruptcy offers debtors the opportunity to have a fresh new start financially; however in order to avoid filing bankruptcy again, there are few habits debtors need to develop.  One of the most common reasons that debtors fall behind on their bills and end up needing to file bankruptcy is the lack of an emergency [...]

By |2018-11-13T22:37:05+00:00May 7th, 2010|After Bankruptcy, Bankruptcy, Credit and Bankruptcy, Managing Your Finances, Unemployment - Job Loss|Comments Off on How To Avoid A Second Bankruptcy Filing

Is There Really A Stigma Against Corporate Bankruptcy?

Cadillac, the luxury brand of General Motors Co. recently announced that it is distancing itself from the Detroit-based automaker to avoid the "stigma" of the parent company's $50 billion U.S.-backed bankruptcy last year. Cadillac is erasing the GM name from its marketing and dealerships, changing e-mail addresses to @cadillac.com from @gm.com and exiting companywide promotions [...]

By |2018-11-08T23:22:17+00:00April 26th, 2010|After Bankruptcy, Bankruptcy, Chapter 11 Bankruptcy|Comments Off on Is There Really A Stigma Against Corporate Bankruptcy?

Four Tips For The Post Bankruptcy You

Bankruptcy offers debtors the chance at a fresh financial start.  But what does a debtor do once their debt has been discharged and their bankruptcy case closed? Tips every post bankruptcy debtor should follow: Live within your means. Debtors exiting bankruptcy must learn to rely less on debt and more on the real income they [...]

By |2018-11-12T21:52:23+00:00March 22nd, 2010|After Bankruptcy, Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances, Medical Bills|Comments Off on Four Tips For The Post Bankruptcy You

Job Losses and Bankruptcy Create Smaller Airline Industry

According to a recent report by the Bureau of Transportation, the U.S. airline industry has lost tens of billions of dollars and over 170,000 of jobs over the past 10 years.  A combination of lost revenue and several bankruptcy filings have conspired to shrink the industry significantly. The impact of job losses and bankruptcy can [...]

By |2018-11-16T06:29:15+00:00March 17th, 2010|After Bankruptcy, Bankruptcy, Economy|Comments Off on Job Losses and Bankruptcy Create Smaller Airline Industry

Unlisted Debt Comes Back To Haunt Bankruptcy Debtor

In the bankruptcy case of Mammola, Robert J.; In re, 20 the bankruptcy debtor failed to list a creditor who later filed a lawsuit against the debtor.  After attempting to reopen the bankruptcy case so that the omitted creditor could be included in the discharge, the bankruptcy court denied the debtor's request. The details of [...]

By |2018-11-14T23:03:05+00:00March 3rd, 2010|After Bankruptcy, Bankruptcy, Chapter 7 Bankruptcy, Debt Collectors|Comments Off on Unlisted Debt Comes Back To Haunt Bankruptcy Debtor

How To Thrive Financially After Bankruptcy

Bankruptcy offers an opportunity at a fresh financial start of even the most indebted individuals.  But how does a debtor ensure that their financial affairs remain in the "black" after a bankruptcy? Here are a few tips: Create A Budget - Whether you filed a Chapter 7 bankruptcy or a Chapter 13 bankruptcy, creating and [...]

By |2018-11-16T19:42:56+00:00March 3rd, 2010|After Bankruptcy, Bankruptcy Q&A, Economy, Managing Your Finances|Comments Off on How To Thrive Financially After Bankruptcy

Debtor Loses In Fight Over Missing Mortgage Documents

In the bankruptcy case DiMare, Donna M.; In re (DiMare v. Ameriquest Mortgage Co., et al.), the debtor filed Chapter 13 bankruptcy and sued their original mortgage lender under the Truth In Lending Act.  The bankruptcy court sided with the lender and issued a summary judgment in the lender's favor. The details of the bankruptcy [...]

By |2018-11-08T23:22:43+00:00March 3rd, 2010|After Bankruptcy, Bankruptcy, Lawsuits, Loans / Mortgages|Comments Off on Debtor Loses In Fight Over Missing Mortgage Documents

Even Rapper Jay-Z Battles Foreclosure

Rapper Shawn Carter (a.k.a. Jay-Z) is taking a foreclosure fight to the courts.  Jay-Z, who took out a $52 million loan for a planned hotel development was at risk for foreclosure after the commercial real estate foreclosure crisis shut down his project.  Right now, Jay-Z is disputing with his bank over interest payments he said [...]

By |2018-11-14T19:59:07+00:00February 23rd, 2010|After Bankruptcy|Comments Off on Even Rapper Jay-Z Battles Foreclosure

Retailers May Take A Hit With CIT Chapter 11 Bankruptcy

According to an article in the Star-Telegram, CIT Group's Chapter 11 bankruptcy is a source of angst for the nation's small and mid-sized retailers, many of whom rely on the lender for credit. CIT Group insists that its bankruptcy will not cause disruptions for the already instable retail industry which has watched revenues drop since [...]

By |2018-11-12T18:17:44+00:00November 10th, 2009|After Bankruptcy, Chapter 11 Bankruptcy|Comments Off on Retailers May Take A Hit With CIT Chapter 11 Bankruptcy