Bankruptcy Blogs

Spend money, when you’re broke, to go broke?  Seems counter-intuitive, but it could be the best money you spend. Fear, pride, uncertainty, stubbornness, distraction, and cash flow keep people from getting their financial life  in order with a bankruptcy filing. As a means of regaining control of your life and your pocketbook, however, it may [...]

So you have been sued and are wondering what to do next.  The first thing aside from having a lawyer review the Complaint is to carefully read everything yourself and determine how long you have to file an Answer at the Courthouse to avoid a default judgment.  Most credit card lawsuits end in default judgment [...]

A bankruptcy judge Friday turned down a bid by the Los Angeles Dodgers to probe Major League Baseball’s dealings with other MLB members for proof Commissioner Bud Selig is treating the ball club unfairly. Read the Daily Bankruptcy Review story here in The Wall Street Journal.

Words are powerful.  The word “bankruptcy” carries enormous emotional baggage.  People hear it and immediately jump to conclusions.  “Failure,” “shame,” “irresponsibility,” “ruin” all come to mind. Recently, I met with an elderly couple.  They had significant cash flow problems, and a Chapter 13 bankruptcy would benefit them greatly.  As I do with all prospective clients, [...]

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