Why Do People File for Bankruptcy?

As we all know, the United States is slowly emerging from an economic downturn. While things are improving, we can all note that they are improving slowly. While money mismanagement can lead people to file for bankruptcy, the more common reasons are actually job loss, medical emergencies, or divorce – all things that people must […]

Three Times To Consider Bankruptcy

When times get tough it’s not unusual for people to consider bankruptcy. There are however instances when it is smart to weigh the pros and cons of filing for bankruptcy. Below we discuss what those instances are and what you can do. Three Times To Consider Bankruptcy Job Loss After losing your job and in the […]

How Often Can You Declare Bankruptcy?

There are actually no restrictions when it comes to how many bankruptcy cases you are able to file. But if your debts have been discharged in bankruptcy (as is standard), you will need to wait a certain amount of time before you are able to discharge your debts again. Types of Bankruptcy Before you file […]

Westinghouse Declares Bankruptcy

U.S. nuclear energy company Westinghouse Electric filed for Chapter 11 bankruptcy protection last week but has secured financing as it enters restructuring. Westinghouse Declares Bankruptcy Westinghouse, a subsidiary of Japanese conglomerate Toshiba, filed for Chapter 11, citing massive cost overruns as the result of the construction of four nuclear power reactors in the U.S. The company has […]

Is Sears Filing for Bankruptcy?

In a recently posted blog, the owner of the Sears chains slammed recent media reports about bankruptcy concerns. The company is currently in the process of making steps to fix its finances following years of sales declines. Is Sears Filing for Bankruptcy? After months of speculation, the owner of Sears and Kmart stores is seeking […]

What’s A Second Mortgage? Is it Good or Bad?

While there are a number of reasons to have or need a second mortgage, they are not always an ideal thing to have. In California’s volatile real estate market, many homeowners have found that their home is worth less than the property’s outstanding mortgages. In this situation, if you have a second or third mortgage, […]

Homeowners Still Falling Prey to Loan Mod Scams

Though Los Angeles is no longer in the midst of a foreclosure crisis, thousands of Angelenos are still underwater on their properties and are thus still targets for loan modification scams. Homeowners Still Falling Prey to Loan Mod Scams Just recently, City Attorney Mike Feuer announced he had filed criminal charges against two such scammers […]

General Wireless Operations Filing for Chapter 11

General Wireless Operations, parent company of electronics retailer RadioShack, looks to be filing for Chapter 11 bankruptcy protection. This is the second time General has filed for bankruptcy protection. General Wireless Operations Filing for Chapter 11 General Wireless Operations has already begun closing 200 stores and will most likely be closing even more. The company is […]

Protect Yourself From “Too Good To Be True” Debt Consolidation

There’s no doubt that debt is a huge problem in the United States. But an even bigger problem are the companies that offer “too good to be true” debt consolidation. If you’re facing large amounts of debt, you need to know how to protect yourself from companies that are only out to make a dollar […]

Available Options for Keeping Your Home

If you’re at risk for losing your home because of inability to pay, know that there are options for you to keep your home. Available Options for Keeping Your Home Being at risk for foreclosure can be one of the most devastating things a homeowner could face. Regardless of why you might not be able […]