It’s been estimated that roughly 62% of Americans are in the midst of a debt struggle, they have less than $1,000 currently in their bank accounts.
For any entrepreneur that has been through a bankruptcy, the idea of starting a new enterprise can feel overwhelming. Can you get a business loan after bankruptcy?
According to the American Bankruptcy Institute, based on data provided by Epiq Systems, bankruptcy filings are down as compared to last year.
Often times debtors will file an emergency bankruptcy file as a quick method for invoking an automatic stay. Often times a debtor will need the protection of an automatic stay immediately, and thus not have the time to wait to complete the majority of necessary bankruptcy forms.
Arizona’s Debt at a New Low Phoenix, $5.79 billion Salt River Project, $4.1 billion The Arizona Department of Transportation, $2.
Bankruptcy can be one of the scariest things you’ll go through, especially if you are jumping blindly into the process. We always suggest working with a bankruptcy attorney if you are even just considering it as a way of managing your debt.
Most Common Misconceptions About Filing for Bankruptcy It’s a common concern. Since “bankruptcy” means “no money” to a lot of people, most assume that when you file for bankruptcy you have to give up the things you do own.
When you’re facing a large amount of debt, it can feel insurmountable. Should you file for bankruptcy? How does bankruptcy work?
Bills have been piling up and you have no idea how you’re going to pay them. It’s time to make a decision, should you declare bankruptcy?
Remington Outdoor Company has exited its Chapter 11 bankruptcy, just under two months after its initial filing. Remington Exits Chapter 11 According to Remington CEO Anthony Acitelli, the company has “significantly reduced its debt load and interest expense.