Last year 27 large U.S. retailers filed for bankruptcy and this year is on track to be even worse. While we know that brick and mortar stores struggle to compete with online retailers like Amazon, there might just be another reason that so many companies are having to liquidate with Chapter 7.
When you’re facing a large amount of debt, it can feel insurmountable. Should you file for bankruptcy? How does bankruptcy work?
Toy retailer Toys R Us will be converting its Chapter 11 case into a Chapter 7 case after it has been unable to secure funding to allow it to restructure.
With our current political climate, it goes without saying that the cost of health care is a major concern for nearly all Americans.
While there are actually no restrictions when it comes to how many bankruptcy cases you are able to file if your debts have been discharged in bankruptcy, you will need to wait a certain amount of time before you are able to discharge debts again.
When you’re facing a large amount of debt, it can feel insurmountable. Should you file for bankruptcy? How does bankruptcy work?
Bankruptcy allows consumers a way out of debt, but it’s important to remember that there are repercussions that can ruin people’s credit as well as put consumers at risk of losing their property.
Facing bankruptcy is hard enough let alone knowing what to do and how to file for bankruptcy. You’ll want to work with a skilled bankruptcy attorney but how do you know how to choose the right attorney for your case?
In this day and age, almost every person you know or meet has dealt, or is dealing, with “debt.” Getting out of debt can be difficult.
A general rule for bankruptcy is that debt for “domestic support obligations” is not dischargeable. Read on to learn the difference between dischargeable and non-dischargeable debt and what you can do if you are struggling with debt that is non-dischargeable, such as domestic support obligations.