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Tag Archives: consumer bankruptcy

Personal Vs. Coporate Bankruptcy

From NPR…What’s the difference between personal & corporate bankruptcy?
Personal finance expert Michelle Singletary and Syracuse University finance professor Boyce Watkins explain.
Click here to listen to the story:
http://www.npr.org/templates/story/story.php?storyId=104817405

Bankruptcy Filings Highest Since 2005!

According to the article below,
U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.
Read the rest here:
http://www.reuters.com/article/new

Filing Bankruptcy In Hawaii…

According to this article, the state of Hawaii saw a decrease in the amount of filings last month as compared to the month before…
But last month’s total was an 8 percent drop from March’s 270 total cases — the most monthly bankruptcy filings since October 2005, according to records from federal court.
Click here [...]

A Guide To Consumer Bankruptcy From The LA Times…

From The LA Times:
Bankruptcy can be a highly effective tool for getting back on your financial feet. But it’s a serious step with long-range consequences, and financial advisors generally say it should be considered only as a last resort.
Click here to read the entire story…
http://www.latimes.com/business/la-fi-cover26-2009apr26,0,2241881.story

Is Bankruptcy The Solution…

Read this story about Chapter 7 & 13 over here:
Stephanie Monson was horrified when she learned that her husband had racked up more than $45,000 in credit-card bills. The debt forced Monson to file for personal bankruptcy — and led to the couple’s divorce.
The full coverage is here:
http://www.kiplinger.com/magazine/