Chapter 7 Bankruptcy

09 Feb Gary Busey Files Chapter 7 Bankruptcy–And He’s Not Alone

On Tuesday, Gary Busey filed Chapter 7 bankruptcy. That's not all that shocking--plenty of celebrities have sought bankruptcy protection. Entertainers like Gary Coleman, Burt Reynolds and Jerry Lee Lewis, businessmen like P.T. Barnum and Donald Trump, socialites like Patricia Kluge, professional athletes like Lenny Dykstra...

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31 Jan Top 15 Lies About Bankruptcy-Lie #1: Congress Ended Bankruptcy in 2005

Top 15 Lies About Bankruptcy Lie #1: Congress Ended Bankruptcy in 2005   Truth-o-Meter: Even though the 2005 amendments to the Bankruptcy Code known as "BAPCPA" were passed a long time ago, we are still hearing a lot of misinformation about this. Some of the worst falsehoods that bill...

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06 Dec Stopping Wage Garnishment Through Bankruptcy: Make Sure To Get The Timing Right

When a creditor obtains a court judgment against a debtor, wage garnishmentcan be soon to follow. Most persons subjected to wage garnishment will consult a lawyer to see ifit can be stopped, and many of those will file either chapter 7 or chapter 13 bankruptcy...

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20 Nov Chapter 7 Bankruptcy Lets You Cut Your Debt Losses and Move On.

[caption id="attachment_26396" align="alignright" width="216" caption="Cheaper to file bankruptcy"][/caption] Sometimes it makes more sense to let go of the past and start building a new future. Chapter 7 bankruptcy can be your solution. Does this debt arrangement conversation sound familiar? Client: I want to make arrangements to pay this debt. Me: Ok, how much can you offer to pay? Client: Nothing, I don’t have any money? Is it any wonder the bank will not work with you? Be realistic, creditors want cold hard cash, not talk, not arrangements. If you cannot make a payment, your arrangement, while well intentioned, is nothing more than an empty promise. It is time to check into reality.
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