This isn’t the first Hollywood actor to step foot into bankruptcy court over the years. Despite numerous acting gigs and a spot on the show Celebrity Apprentice, Busey has struggled to resolve his debt liabilities. Unbalanced Finances According to the Los Angeles court records, Gary Busey is seeking bankruptcy protection over an estimated $50,000 in  … Read more

Americans are not the only ones struggling with overwhelming debt and bankruptcy filings. The Republic of Ireland has been suffering a similar foreclosure crisis and mortgage industry breakdown. After more homeowners in Ireland lose their homes, the government has decided to overhaul bankruptcy laws in hopes of reaching more of those in need. Changing Their  … Read more

While there are many misconceptions that surround the bankruptcy process, most of them stem from legitimate fears about the process. Because the average person knows very little about the bankruptcy process, many people assume they will end up worse in the end. The truth is there is much to be gained from bankruptcy for those  … Read more

Credit collectors are known for their harassing ways when it comes to collecting on a debt. People already experiencing financial trouble often find their tactics overwhelming and stressful. One of the most notable features of the bankruptcy process is the protection from creditors offered under the automatic stay. Benefits When a debtor files for bankruptcy  … Read more

When filing for bankruptcy there are two possible outcomes to a case: discharge or dismissal. While the ultimate goal for any filer is to obtain a debt discharge, there are numerous factors that can ultimately influence the outcome of your case.  In the event of a case dismissal, there are two ways this can happen.  … Read more

Bankruptcy isn’t something a person sets out to experience in their lifetime, but as economic times continue to challenge us more people are requiring the protection it can offer. Over the years, bankruptcy statistics have revealed some interesting patterns in bankruptcy filings, but one thing stays the same: there will always be people who need  … Read more

As technology advances so does our ability to perform vital services with ease. More services are being offered online these days from banking, to taxes and now, bankruptcy. An E file bankruptcy system is now available in most states for consumers to use, but is electronically filing a bankruptcy by yourself the right decision? System  … Read more

Just a few short weeks after the airline bankruptcy announcement, news broke about American Airlines’ plans to hire financial advisers to help with their Chapter 11 restructuring efforts. Two major labor unions have filed requests with the court to deny the hiring of these consultants and advisers. Order In The Court Since their bankruptcy filing,  … Read more

Most people know very little about the bankruptcy process and have much to learn when choosing to file for bankruptcy. Getting to know the basics of the process can help make an informed decision about whether bankruptcy is right for you. Before Filing Preparation is key to the success of a bankruptcy filing. You will  … Read more

Although the bankruptcy process is not inherently difficult, it can be very intimidating for many people. The decision to file for bankruptcy generally does not come easy and most people shy away because of the many misconceptions associated with the process. If you are considering filing for bankruptcy, the best place to start is by  … Read more