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If you filed for Chapter 13 bankruptcy under the old law, you could have chosen to "strip down" the auto lien on your vehicle. Stripping down an auto lien means reducing the debt you owe ...
By: New Bankruptcy Law Changes
When Congress rewrote the bankruptcy laws last year to impose legal hurdles on those trying to wipe away their debts by filing bankruptcy, it probably did not envision what has happened since. A ma...
By: Credit Counselors
When Congress rewrote the bankruptcy laws last year to impose legal hurdles on those trying to wipe away their debts by filing bankruptcy, it probably did not envision what has happened since. A major component of the refo...
Capitalism without bankruptcy is like Christianity without hell."-- Frank Borman, former CEO of bankrupt Eastern Airlines, in 1986 Bankruptcy, once regarded as a shameful and humiliating failure, has b...
The federal agencies that are supposed to regulate the banking and credit card industries have failed utterly to keep pace with deceptive and unfair practices that have become shamefully standard in the business. As a cons...
Nov. 21 (Bloomberg) -- President-Elect Barack Obama ‘s transition team is exploring a swift, prepackaged bankruptcy for automakers as a possible solution to the industry’s financial crisis, accord...
Anixter International Inc. said Friday it plans to record an expense of about $20 million to $22 million to boost its reserve for doubtful accounts due to the bankruptcy of a customer, NetVersant Sol...
What would a General Motors bankruptcy mean for car owners? Here are some possible answers.
Nov. 21 (Bloomberg) -- Poncin Yachts , the French maker of Harmony sailboats, said it was granted an extension of its bankruptcy protection for at least two months.
When the city of Vallejo, Calif., filed for bankruptcy protection in May, the logical question was: Is this a sign of things to come?
Sometimes Bankruptcy is the only way to get your head above water.
