One of the first things that will need to be established when you file for bankruptcy is your secured debt and your unsecured debt.
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.
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.
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.
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 wake of the financial crisis: you have to be nimble.
To qualify for a Chapter 7 bankruptcy in Arizona you will need to take the Arizona Means Test, during which your income is compared to the median income for a household of your size.
There are many reasons for why people lose their homes to foreclosure: loss of income due to job loss or illness, or financial downturn.
If you’re facing large amounts of debt, and are considering bankruptcy, you’ll want to have an understanding of the types of bankruptcy available to you.