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Chapter 7 Bankruptcy Process

Chapter 7 Bankruptcy Process

Filing for Chapter 7 bankruptcy can feel overwhelming, but the process is actually fairly straight-forward. As always, it’s advised that you work with a bankruptcy attorney to help guide you thr...
When Creditors Take Back Secured Debts

When Creditors Take Back Secured Debts

We talk a lot about secured and unsecured debt in bankruptcy. Unsecured debts are debts that do not have property attached to them, and thus cannot be garnished by a creditor (unless through specific ...
Bankruptcy Happens Everywhere

Bankruptcy Happens Everywhere

Bankruptcy happens all around the world, but interestingly enough, it takes different forms. Below we compare and discuss the bankruptcy processes of Australia, the UK, and the US. Bankruptcy in Austr...
Unsecured and Secured Debt

Unsecured and Secured Debt

While it seems like all debt should just be considered “debt,” it’s actually not considered that way in bankruptcy. Below we discuss unsecured and secured debt. Unsecured and Secured...
Student Loan Debt and Bankruptcy

Student Loan Debt and Bankruptcy

One of the questions we get asked the most is if student loan debt can be discharged with bankruptcy. Unfortunately, most debtors are not able to discharge student loan debt through Chapter 7 or Chap...
Secured and Unsecured Debt in Bankruptcy

Secured and Unsecured Debt in Bankruptcy

One of the first things that will need to be established when you file for bankruptcy is your secured debt and your unsecured debt. We will review the differences between the two below. Secured and Un...
Celebrity Bankruptcy

Celebrity Bankruptcy

Bankruptcy is not uncommon among Hollywood. In fact, it happens more often than you would think. Just take a look at this list of celebrity bankruptcies. Celebrity Bankruptcy 50 Cent. Last year, rappe...
Money from Friends and Family During Bankruptcy

Money from Friends and Family During Bankruptcy

Bankruptcy carries with it a number of restrictions that you’ll want to be aware of. One such restriction is borrowing or receiving cash gifts from friends and family. Read on to learn more abou...
50 Cent Buys Home After Bankruptcy

50 Cent Buys Home After Bankruptcy

Rapper 50 Cent filed a Chapter 11 bankruptcy last July, but this past weekend he took to Instagram to show off video of his new house in Africa. 50 Cent Files for Bankruptcy 50 Cent, whose real name ...
A Lesson from RoomStores Bankruptcy

A Lesson from RoomStores Bankruptcy

Late last December, longtime Phoenix retailer, the RoomStore furniture chain, filed for Chapter 11 business bankruptcy. With it, came a lesson for all retail stores that are still struggling in the...
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