Latest on the Bankruptcy Blog

The Tannery is a well-known Boston shoe retail store that has been in business for over 43 years. Unfortunately for shoe lovers in Massachusetts, the owners of the The Tannery and The Tannery Outlet filed for Chapter 7 bankruptcy in the last week of June. This is a big blow to the iconic store that  … Read more

Education Secretary Betsy DeVos was in the hot seat this week, testifying on Capitol Hill before the Senate Appropriations Committee. The hearing was called to discuss the law suit brought by the attorney generals of 18 states and Washington DC over the halting of Borrower Defense Rules last month. So why are so many states  … Read more

The long and painful demise of RadioShack has gained much media coverage over the past few years. This downward spiral began in 2015 when RadioShack filed for bankruptcy to reorganize the company’s debt, which included co-branding nearly 1,400 stores with Sprint. RadioShack executives were highly optimistic that the partnership would be beneficial and put the  … Read more

Wondering which credit card to sign up for?  The answer depends on your particular needs, credit score, spending habits, card features and other factors. If you understand your options and ask the right questions, you can easily come to a decision. What’s your credit score? Your eligibility for various credit card offers depends on your  … Read more

So you want to improve your finances? Managing them wisely is the clue. Here is some advice that you can act on to strengthen your situation. Get paid a worthy amount or never spend your complete income Simple as it may seem, many of you struggle with the most basic financial rule of all –  … Read more

Bankruptcy is a federally governed process whose cases are only heard in federal courts. Because they are federal, bankruptcy proceedings are binding. Bankruptcy courts are more closely related to civil courts where two parties are attempting to resolve a lawsuit, except in bankruptcy court, there are no winners or losers, only two parties attempting to  … Read more

Given the fact that money problems is often one of the leading causes for divorce, planning well ahead of time will ensure that both the procedures are carried out in a simple and cost-effective manner. However, deciding whether you should file for a divorce before bankruptcy or vice versa will largely depend on several factors,  … Read more

A highly urbanized city in Texas, Dallas effectively embodies the ethos of the state with the larger than life attitude in both its sculptures as well as the lifestyle of the local people. While the West End is renowned for its rich history, the Uptown offers abundant facilities for high-end shopping and recreation. Have a  … Read more

Graduates in our country frequently leave their universities with a hefty student loan debt that is both overwhelming and highly unaffordable, given their meager entry-level salaries. However, there are a few basic tips with which you can ensure that graduating with student loan debt does not end up being a nightmare for you. Graduating with  … Read more

A chapter 13 bankruptcy is also known as a reorganization bankruptcy, this means your assets will not be liquidated and your debts paid off like in chapter 7. What you will have to do though is get a repayment plan in place and then begin to pay off all your debt as prescribed by the  … Read more