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Bankruptcy

Bikers Arrested in Twin Peaks Shooting May Face Financial Difficulties

Published June 24, 2015 by Erin B. Shank

In addition to pressing legal concerns, many of the bikers who were arrested at the scene of last month’s Twin Peaks shooting may soon find that they also have to contend with serious financial hardships. Many of these individuals have…

Former Boy Band Member Lee Ryan Filed for Bankruptcy

Published June 2, 2015 by Erin B. Shank

English boy band group Blue member Lee Ryan reportedly sought bankruptcy protection for the protection of his family’s future, an article of The Guardian reported on May 18. Ryan is the fourth and last member of the now defunct music group who…

RadioShack exited bankruptcy

Published May 20, 2015 by Erin B. Shank

American electronics corporation RadioShack recently exited Chapter 11 bankruptcy after its brand was purchased in an auction, Business Insider reported on May 13. According to reports, the brand was purchased by Standard General LP for a bid worth $26.2 million. Standard General prevented…

Business Debt Followed Abraham Lincoln Throughout His Career

Published May 11, 2015 by Erin B. Shank

Well before he entered politics, Abraham Lincoln co-owned and operated a little convenience store in New Salem, Illinois.  To the future benefit of the nation, Lincoln’ acumen for business was somewhat lacking and his store went under, according to Bankruptcies and Money…

Former Starlet Nicole Eggert Settles Huge Debt by Selling House

Published May 6, 2015 by Erin B. Shank

Realty News revealed in an April 28 article that Nicole Eggert is expected to settle her overwhelming debt by selling her posh Los Angeles residence. Reports said the 43-year-old former Baywatch star was able to sell her Studio City house for $1.15…

Americans Still Suffering From Credit Card Debt

Published April 21, 2015 by Erin B. Shank

Though Americans today are generally improving at managing credit card debt, a recent survey found that many are still seriously affected by large amounts of these debts, a KOMO News article stated on April 10. The survey, which was released by the…

Celebrities Also Have Student Loan Debt

Published April 10, 2015 by Erin B. Shank

Like the average Americans, well-known and well-off people like celebrities and politicians know what it’s like to struggle with student loan debts, an article of Market Watch stated on March 31. The author of the report projects that in the near…

Natural Gas Provider Sought Bankruptcy Protection

Published March 31, 2015 by Erin B. Shank

Natural gas provider Quicksilver Resources Inc. recently filed for Chapter 11 Bankruptcy in Delaware due to debts and depreciating oil prices, Bloomberg Business reported on March 18. According to the bankruptcy documents filed by the company, the business has a debt worth $2.35…

What is the Means Test?

Published March 23, 2015 by Erin B. Shank

To determine whether you will be eligible to file for Chapter 7 bankruptcy protection, you will need to pass what is known as the means test. Essentially, the means test is the method by which your average income will be compared against…

Debts That Are Not Dischargeable in Chapter 7 Bankruptcy

Published March 11, 2015 by Erin B. Shank

Though you may be able to discharge a number of burdensome debts through Chapter 7 bankruptcy, not all debts are dischargeable through this process. For instance, most student loan debts, alimony, child support payments, unpaid taxes, or debts owed on tax-advantaged…

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