6 Rich Celebrities Who Went Broke and Declared Bankruptcy
$1.2 million is a lot of money. According to a 2014 study by The Hamilton Project, that's about what the typical four-year degree holder earns...
When and Reasons Why to File for Bankruptcy
Declaring bankruptcy is a pretty extreme measure. But used in the right way at the right time, it can save you money, preserve your...
8 Asset Protection Strategies – How to Protect Your Wealth From...
The best offense is frequently a good defense. No matter how astute a business person you are, or how skilled you are as an...
How to Declare & File for Bankruptcy – 8-Step Process
Filing for bankruptcy can be a long and stressful process, but it doesn't have to be. Typically, the most stressful part is trying to...
3 Reasons Why You Should Avoid Bankruptcy
I listen to the Dave Ramsey Radio Show every once in a while on my way home from work, and one of the most...
General Motors GM Chapter 11 Bankruptcy Timeline & Future Lessons
General Motors grew from a small company in 1908 into a corporate giant within a couple of decades. For years, people believed that GM...
How Does Bankruptcy Affect Your Credit Score?
The main issue that discourages most people from filing bankruptcy is the detrimental effect is has on their credit. It's true that a bankruptcy...
The Real Reasons Why Companies & Business Startups Are Failing
Running a business is very risky. In fact, an estimated 49% of businesses fail within their first five years and approximately 30% of businesses...
What Is Chapter 7 Bankruptcy – Filing Rules & Means Test
When you think of bankruptcy, you probably think of Chapter 7 bankruptcy. It is sometimes referred to as a "straight bankruptcy" or a liquidation....
Chapter 7 vs. Chapter 13 Bankruptcy – Which Should You File?
If you've decided to declare bankruptcy, it's important to understand the different types. Both Chapter 7 bankruptcy and Chapter 13 bankruptcy offer unique benefits.
Which...
7 Steps to Rebuild Your Finances & Credit After Bankruptcy
Few life events are as stressful as bankruptcy. Every penny, asset, and source of income is put under the microscope for dissection. When it's...
How Different Types of Debt are Treated in Bankruptcy
If you're considering filing for bankruptcy, you should know that not all debts are treated equally. For example, certain debts cannot be discharged, or...
