4 things NOT to Do When Filing Bankruptcy We can all thank Robert J. Freeman for providing us with an example of exactly what NOT to do when filing bankruptcy. The 56-year-old television evangelist has been sentenced to more than 2 years in prison after the court found him guilty of obstructing bankruptcy proceedings. This...
The Top 5 Reasons Professional Athletes and Celebrities Go Bankrupt Jamal Lewis, the retired pro football player and former Super Bowl champion, has filed for bankruptcy protection. Among the ex-NFL player’s listed assets are are five homes, a 401k valued at $500,000, part ownership in a water park in Ohio valued at $6 million, and...
The Top 3 Reasons Why Chapter 13 Bankruptcy May Be a Better Option than Chapter 7 When considering personal bankruptcy, a surprising number of people don’t realize that there’s an alternative to Chapter 7. In fact, many people don’t really understand what filing Chapter 7 means. I hope that this post will help enlighten readers...
BankruptcyBankruptcy Filings Down for 2013, But Still More Than Double the Number During the Great Depression
May 28, 20130
Statistics show that, for the year 2013, Utah was the only state that saw an increase in bankruptcy filings, climbing a modest 1 percent. On a national scale, this is good news, as it shows that the number of filings in all other states is declining. For example, the number of petitions filed in the...
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