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Recent Posts in Chapter 7 Bankruptcy Category

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How Do I Know if Bankruptcy Is Right for Me?

Can you no longer afford to pay your creditors? Is your home at risk for foreclosure? Bankruptcy is likely an option you are considering. There are many types of bankruptcy as well as many ...
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Arkansas Coach John L. Smith Files for Bankruptcy

John L. Smith is an Arkansas coach who may have gotten in a little over his head with an investment group along with five other people. According to USA Today, he filed for bankruptcy two weeks ago ...
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Nadya Suleman Files for Chapter 7 to Confront $1 Million Debt

Reality TV show stars can often make their fortunes by exposing their lives to the cameras. However, one former star has found herself deeply in debt despite her short period of fame. Nadya Suleman, ...
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Multi-Generational Company Seeks to Convert from Chapter 11 to Chapter 7

A multi-generational company has been forced to file for bankruptcy after decades of business. Last week it petitioned to have its Chapter 11 bankruptcy converted into a Chapter 7 bankruptcy filing ...
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Vegas Real Estate Developer Lists Debts at $506.5 Million

In Las Vegas, Nevada, a well-known real estate developer has filed for Chapter 7 bankruptcy. According to news sources, B.P. told the Bankruptcy Court overseeing his case that he has over $506.5 ...
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Company Converts Chapter 11 to Chapter 7 Filing

There are times when companies may file for bankruptcy under one Chapter but will later convert it to another. That is what happened for a regional airline that announced its bankruptcy filing just a ...
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Warren Sapp Files for Chapter 7 in Florida

A former professional football player filed for Chapter 7 bankruptcy earlier this month in Fort Lauderdale, Florida. Warren Sapp, who has played with the Oakland Raiders and the Tampa Bay Buccaneers, ...
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Creditor Called Bankruptcy Applicant 38 Times

One federal judge is sending a message to banks across the country: stop harassing clients who have filed for bankruptcy. The message was inspired by one debtor whose bankruptcy was ignored by the ...
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How Can Chapter 7 Affect Your Taxes?

With tax season in full swing, you may be wondering how filing your taxes can affect a bankruptcy filing. Whether you have already filed for Chapter 7 bankruptcy protection or are considering it, you ...
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Be Careful With Credit Cards Before Filing For Bankruptcy

Filing for bankruptcy does not give you the chance to max out credit cards and then have the charges dismissed. The bankruptcy code prevents such abuses from taking place, a fact which many first-time ...
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Chapter 7 and Your Average Income

Are you considering Chapter 7 bankruptcy ? If so, it is important to understand that you will be asked to calculate your income for the court's review. When you file for Chapter 7 bankruptcy ...
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Popular Music Festival Files for Bankruptcy

When officials of a 30-year-old festival were forced to cancel last minute last year, there were ramifications greater than local disappointment. The group that runs the festival has been forced to ...
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National Student Loan Debt Leading to More Bankruptcy Filings

Think that you are the only person with massive amounts of student loan debts? Think again. The overall national debt accrued by student debts has increased dramatically over the past decade and shows ...
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Completing Pre-Bankruptcy Counseling

If you have plans to file for Chapter 7 or Chapter 13 bankruptcy, you will need to sign up for a pre-bankruptcy counseling session in order to qualify. This is a quick and easy session that will only ...
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Does Bankruptcy Always Impact Your Spouse?

Are you considering filing for bankruptcy but are worried it will affect your spouse's credit? If so, you may not need to worry if you have contracted your debt separately. If you have taken on a ...
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Another Fuel Company Files for Bankruptcy

Even though there is an increased demand for alternative fuel products, companies that provide them have been unable to maintain operations in a dismal economy. One such company was forced to file for ...
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Character Inspiration Behind Jerry Macguire Files for Chapter 7

The inspiration for "Jerry Macguire", a movie about aggressive professional athlete agents, has filed for bankruptcy this month. According to news sources, he is claiming to have between $1 ...
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Economic Downturn May Have Prompted Transportation Company to File Chapter 7

Despite the continued need for transportation and delivery companies, a specialty company has been forced to file for bankruptcy. The small company opted for Chapter 7 bankruptcy and has told its ...
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Rapper Forced to File for Bankruptcy

Despite gaining fame as a talented rapper, one musician has been forced to file for bankruptcy this year. What started out as a Chapter 11 reorganization plan for the rapper has been changed into a ...
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Chapter 7 Case Makes its Way to Court of Appeals

A Chapter 7 bankruptcy case has made its way all the way up to a U.S. circuit court of appeals. Luckily for the person affected by the bankruptcy case, the court ruled in a couple's favor. ...
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TV Star Files for Bankruptcy Twice in One Year

A reality TV star had filed twice for bankruptcy within a period of one year. The 41-year-old filed again in Georgia after her first filing was dismissed. While her attorney is not speaking publicly ...
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Filing for Bankruptcy due to Medical Bills

While no two bankruptcy claims are alike, there are several categories under which most bankruptcy cases can be filed. One of those is medical bankruptcy and it is more common than you may think. As ...
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Eligibility for Chapter 7

Under current US bankruptcy law, people who wish to file for Chapter 7 bankruptcy must meet certain requirements in order to be eligible to apply. The first of these eligibility requirements is a ...
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How Will a San Antonio Bankruptcy Lawyer Help You?

Your San Antonio bankruptcy attorney can help you with a number of details regarding your Chapter 7 bankruptcy. First of all, a bankruptcy attorney can help you determine whether or not bankruptcy is ...
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Will Your Spouse be Impacted by Your Bankruptcy?

Are you considering bankruptcy but are worried about whether your spouse will be affected? In short, the answer may be no, but you should speak with a San Antonio bankruptcy attorney to be sure. ...
Continue reading "Will Your Spouse be Impacted by Your Bankruptcy?" »
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