How Do You Go from Billionaire to Bankrupt?
Oct 12, 2012
In 2008, Sean Quinn was the richest man in Ireland, today, he has declared bankruptcy and his assets have been depleted to the high hundred thousands. The Anglo Irish Bank is pursuing him for debts exc...
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The Difficulties of Discharging Student Debt
Oct 04, 2012
In recent news, the New York Times has been reporting a lot about the difficulties associated with discharging student debt. In one account, a debt collection agency was found to be guilty of misleadin...
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Texas Business Bankruptcy News
Sep 28, 2012
This summer, while several businesses filed for bankruptcy in Texas, some bankruptcies drew more attention than others. Three noteworthy bankruptcy filings in particular included:
Lon Morris College, ...
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American Airlines Closer to Emerging from Bankruptcy
Sep 12, 2012
In this months news, American Airlines is one step closer to emerging from bankruptcy, since a bankruptcy judge threw out the companys pilots union contract. Under bankruptcy law, companies can throw o...
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Learning from Hostess
Aug 22, 2012
Twinkies- the delicious doughy treats, filled with whip cream that melt inside your mouth- are manufactured by Hostess, an 82-year-old company that is going through bankruptcy again. Over the years, Tw...
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Restructuring Your Debts
Aug 09, 2012
If youre like many Americans today, you may be struggling with debt. If your debt has gotten out of control, you may be wondering what options are available to you. Also like many Americans, you may no...
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College Bankruptcies Increasing
Jul 30, 2012
With college students and young Americans burdened by student loans and credit card debt, what steps can ensure they have a better shot at consolidating their debt and restoring their future?
Accordin...
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Bankruptcy: Preventable and Unpreventable Factors
Jul 10, 2012
What are some of the most common causes of bankruptcy? Three often unpreventable factors include: illness, job loss, and divorce. According to a law professor at Harvard, research indicates that three-...
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An Automatic Stay to Your Advantage
Jun 20, 2012
In bankruptcy law, an automatic stay is one of the best advantages that a debtor can ever receive. As soon as bankruptcy is filed, creditors must cease all attempts to collect debts. This is found unde...
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Bankruptcy and Foreclosures
May 29, 2012
The collapse of the housing market in 2007 led to a drastic rise of foreclosures in the United States. With so many defaulted loans, Americans should familiarize themselves with foreclosure procedures....
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