Posts tagged bankruptcy
Famous Bankruptcy Filers

If you dread the idea of filling out a few B-309 forms, perhaps some perspective can help soften the blow. History is laden with famous bankruptcy filers. While they all have celeb status or history on their side with their own unique stories, they have one thing in common: They all rode the tailwinds of their financial success only to find misfortune at some point in their careers.

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Bankruptcy Chapters Explained

Each chapter of bankruptcy has a specific reason for existing, along with a set structure to address an individual or business’s debt and how to proceed moving forward. It’s important to understand the differences between each chapter so that you can make informed decisions that will give you the knowledge and ability you need to successfully navigate your bankruptcy, with or without the aid of an attorney.

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Rebuilding After Bankruptcy: Six Steps to Success

Bankruptcy is like a divorce from your debt. You will feel freedom and relief after letting go of the weight of an unmanageable debt load, but it hits like a wrecking ball on your credit score. Even though bankruptcy will stay on your credit for several years, you can work on repairing your credit and avoid doing anything to damage it while those years pass. Follow these steps to build and repair your credit during and after your bankruptcy filing.

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Why Do People File For Bankruptcy?

The first part of our four-part series titled Bankruptcy in America examines why people file for bankruptcy. We review some of the most famous bankruptcy filers and emphasize that bankruptcy can indeed happen to anyone. We also take a look at the numbers of bankruptcy filers, as well as the variety of reasons why they chose bankruptcy as a solution to their financial situation.

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