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On August 10, 2015, media company Columbia House filed for Chapter 11 bankruptcy relief in a Manhattan court.  Columbia House was famous for offe

Many people travel under the assumption that once you file bankruptcy, you will not be able to reestablish credit for at least ten (10) years. Nothing could be further from the truth!

As a daughter of a retired U.S.

The first college football game of the 2015 season is 18 days away and for many fans, it cannot get here fast enough. According to NBC news in 2013, somewhere between $60 and $70 billion dollars is wagered on college football each year. The figure has more than likely increased with the new playoff system now in place and there are estimates that $8 billion dollars alone is bet on the Super Bowl each year.

Antoine Walker, former NBA player for the Miami Heat and Boston Celtics turned to bankruptcy for help in 2010. Before he was 20 years old, Walker was a basketball superstar due to his NCAA success and being a top NBA draft pick in 1996 for the Boston Celtics.

Yes.

We are all painfully familiar with the budget battles Congress wages regularly with the President, and most recently the resulting budget sequestration of 2013 that really put a number of government programs and employees in a bind.

Well, something similar is going on now with the Social Security disability program.

The Administrative Office of United States Courts reports that bankruptcy filings fell significantly in the past fiscal year that ended on June 30, 2015.  The Administrative Office reported that there were 879,736 bankruptcy filings nationally during that time period— 854,690 personal filings and 25,046 business-related.

 You probably know that in a Chapter 13 bankruptcy, you as a debtor propose a plan to set out how creditors will be paid over a minimum of three years to a maximum of five years.  The plan sets out specified monthly payments the secured (examples are cars, house or furniture) or priority (examples are taxes or child support arrears) creditors will be paid over the life of the plan and how much unsecured (credit cards, medical or signature loans) creditors will be paid as well.  All creditors are mailed a cop

After a jury in New York City found 50 Cent, aka Curtis Jackson III, liable to the tune of $5 million dollars for his involvement in the dissemination of a sex tape, the rapper has filed for protection under Chapter 11 in Connecticut.

In a recent post, I wrote about two of the main benefits a bankruptcy case can provide. One of those benefits was the “automatic stay” that provides protection from your creditors. Let’s take a closer look at the “automatic stay” and how it helps you.