Why Some Retired People Might Consider Filing for Bankruptcy
Chapter 13 bankruptcy can be beneficial if you have a second mortgage, as the lien can be stripped and the debt erased if you meet certain criteria.
How Avoiding Bankruptcy Can Backfire
Bankruptcy definitely carries a stigma, but a new report by the Federal Reserve Bank shows that maybe bankruptcy isn't the end of the world for a consumer.
5 Things to Avoid Before You File Bankruptcy
Bankruptcy is trying enough already. Don't make it worse by making one of these mistakes.
The Bankruptcy Means Test: What It Is, Why It Matters
The bankruptcy means test determines who can file for debt forgiveness through Chapter 7 bankruptcy. It takes into account your income, expenses and family size to determine whether you have…
Top 5 Reasons Why People Go Bankrupt
Bankruptcy can be a result of overspending or bad planning, but sometimes, it's no one's fault. Find out how you can avoid it.
What are Nonexempt Assets in a Bankruptcy Case?
In bankruptcy, nonexempt assets can be seized by the court and used to pay off your debts. Nonexempt assets are defined by federal and state law.
What Is Power of Attorney, Living Will, Beneficiaries
When it comes to estate planning, you might think creating a will is enough. But it isn’t. Here are six other crucial things you need to do.
Judge Rules Bankrupt Law Grad Can Cancel Some Debt
A federal judge ruled that law-school graduates who file for bankruptcy protection can cancel the debt they racked up while studying for the bar exam, finding such loans are different from traditional federal student loans that are rarely canceled by bankruptcy.
Why bankruptcy is a death sentence for retailers
According to a new study, 55 percent of retailers that have filed for bankruptcy over the past 10 years have ended up in liquidation.
Why student loan borrowers should pay attention to these two court cases
The courts could offer a looser definition of how hard up a borrower has to be before a bankruptcy judge can justify discharging his or her loans.
How the Bankruptcy System Is Failing Black Americans
Black people struggling with debts are far less likely than their white peers to gain lasting relief from bankruptcy, according to a ProPublica analysis. Primarily to blame is a style of bankruptcy practiced by lawyers in the South.
What Do PG&E's Bankruptcy Plans Mean for You?
A primer on how the utility’s bankruptcy filing might affect its millions of customers.
The 10 Best BigLaw Firms For Female Attorneys
BigLaw continues to struggle with gender equality, but 10 powerhouse firms outpaced their peers, with women comprising nearly 40 percent of their ranks, according to Law360's Glass Ceiling report.
What happens to your house when you file for bankruptcy
The complicated process may offer some consumers a chance to start over, but they should know what's at stake before they file.
How Long Do Public Records Hurt My Credit?
Public records on your credit reports — including bankruptcy, tax liens and judgments — negatively linger for years. How many years depends on the issue. Here are common ones that…
Bankruptcy Case Asks Supreme Court to Decide: What Is Fraud?
The fresh start of bankruptcy isn’t available to those who have defrauded their creditors, but how do you define fraud? That is the question the Supreme Court will consider in a new case it recently agreed to hear.
Oil Plunge Sparks Bankruptcy Concerns
Crude-oil prices plunged more than 5% to trade near $30 a barrel, making the specter of bankruptcy ever more likely for a significant chunk of the U.S. oil industry.
Facing Death, Brooklyn District Attorney Spoke of Doing What ‘Is Right’
In his last interview, Ken Thompson, who died last month at 50, described his proudest accomplishments and a desire to reform “fundamentally unfair” aspects of the criminal justice system.
What Attorneys Wish Their Witnesses Didn't Do On Social Media
Has your case been affected by what your witness posted on social media? Let’s discuss some social media tips that you can discuss with your witnesses.
What in-house counsel should know about working with state attorneys general
They collaborate closely: Information-sharing among AGs and their staffs has long been an important part of their operations.