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Tag Archives: filing for personal bankruptcy

Oklahoma Debtors & Bankruptcy..

Oklahoma bankruptcies increase:
Oklahoma bankruptcy filings rose 39 percent for the month of March over the same period in 2008, close to the 41-percent increase reported nationwide for consumer bankruptcies by the American Bankruptcy Institute.
Click here for full coverage:
http://www.journalrecord.com/article.cfm?recid=97603

More On Obama’s Bankruptcy & Mortgage Modification Plans

Take a look at this….followup from (yesterday):
Obama unveiled a large scale mortgage modification and home lending plan Wednesday in Mesa aimed at curbing foreclosures and helping the languishing housing market.
http://www.bizjournals.com/phoenix/stories/2009/02/16/daily34.html

Bankruptcies Filed in 2008

The bankruptcy numbers are in for 2008:
The American Bankruptcy Institute said overall consumer filings rose to 1.06 million in 2008, compared with 801,840 during 2007.
Read more here:
http://money.cnn.com/2009/01/05/news/economy/bankruptcy_2008/?postversion=2009010518

File Chapter 7 Bankruptcy

What is filing for Chapter 7 bankruptcy?
Chapter 7 is what most people think of when they are referring to filing for personal bankruptcy. It’s sometimes called ‘regular’ bankruptcy.
What is the purpose of Chapter 7 bankruptcy?
Some prominent authors claim one of the major purposes of Chapter 7 is to give a debtor a “fresh start” by [...]