As it stands, a full 62 percent of all bankruptcy filings in this country are caused by medical bills.

Chapter 9 bankruptcy or what is commonly called municipal bankruptcy allows cities and towns to restructure its finances in much the same way that a Chapter 11 bankruptcy allows a business to restructure its debts.

The effect of the discharge is not to extinguish the debt, but rather to release the debtor from personal liability. Hall v. National Gypsum Co., 105 F.3d 225 (5th Cir. 1997).

In 2010, more than 1.5 million Americans filed bankruptcy

The CARD Act was suppose to put a lid on the virulent marketing of credit cards to young people but according to some experts, the situation has not improved much. Young people are still in debt with credit cards and credit card companies are coming up with creative ways to bilk the youth of their last penny.

In a recent bankruptcy case involving debtors who challenged a home equity loan with a forged signature, the bankruptcy court ruled that because the loan agreement signature was forged, the creditor was not entitled to a bankruptcy claim. However, they were entitled to recover the cost of paying the ad valorem taxes they paid on behalf of the debtors.

Debtors are given the choice between federal exemptions and local exemptions.
Among the many things to think about when considering bankruptcy, is “Which set of exemptions should you use?”  The book, Personal Bankruptcy For Dummies, speaks of the choice that debtors are faced with.
The book says:
“Although bankruptcy law is generally the province of the federal government, [...]

Years of unprofitability finally halts European discount carrier SkyEurope.
Imagine flying somewhere only to end up stranded at your destination, because the airline you used to get there suspended operations.  This scenario turned into a reality for some SkyEurope passengers.  The passengers were forced to buy tickets from other airlines in order to return home.
An article [...]