In a move that has sent ripples through the retail industry, Rue 21, the popular teen clothing chain known for its affordable fashion, has filed for bankruptcy. This development is a significant indicator of the shifting sands beneath the retail sector’s feet and brings to light several critical issues affecting not just Rue 21 but  … Read more

When businesses struggle to maintain financial growth and profitability, the options can be limited. Many businesses will be forced to choose between reorganization or liquidation. In a reorganization, the debtor retains ownership of its assets and continues business operations while renegotiating debt repayments with creditors. In a liquidation, the creditors seize control of the debtors assets  … Read more

It is no secret the economy has been turbulent in recent months. The increasing mention of inflation has many concerned about their financial future. Many more are often unaware of what it is or how it could impact our day to day lives. Inflation is a term used in economics to describe the general rise  … Read more

It is no secret that the country is experiencing a rise in inflation. Although there is no one single cause, many factors contribute to the current situation. For many Americans, the day to day experience of inflation is more real than the knowledge of what it is and how it comes to be. What is  … Read more

The Department of Justice modified the necessary living expense thresholds on April 1, 2022, to reflect a national standard for all bankruptcy cases filed in the United States. A necessary living expense threshold is the point at which an individual’s expenses exceed their income and they are unable to pay their debts. Depending on household  … Read more

A rapid rise in the cases of debt collection lawsuits has both citizens and legal personnel in Texas concerned. The Texas court system is being overrun by debt collection lawsuits filed against citizens that are behind on payments or in debt default. The consequences of this wave of lawsuits are expected to reach far beyond  … Read more

People who are facing financial difficulties are generally concerned about more than simply their rising debts and inability to pay them. People are frequently concerned about losing their property and possessions as a result of the process. Although some non-essential property may be liquidated to satisfy a debt in bankruptcy, there are other ways to  … Read more

Businesses and families alike are experiencing the pain of inflation, and not just at the pump. Besides high gas prices, costs are rising around for everyday essential items from the costs of food to municipal expenses. The rise in inflation is not just a United States problem, as the high costs of energy and supply  … Read more

Debt collectors are notorious for harassment and intimidation when attempting to collect a debt. As a result, many consumers are often faced with harsh language and threats as collectors push every line to collect their money. Since the 1970s, there have been strict rules in place to govern debt collectors from crossing lines like making  … Read more

The far reaching consequences of the pandemic may be slowing in some ways, but ramping up speed in others. Families have struggled with record levels of illness, job loss, and financial hardship in the last two years. Many are now finding their problems have gone from bad to worse in a matter of minutes. Eviction  … Read more