USA TODAY – Bankruptcy filings are nearing the record 2 million of 2005, when a new law took effect that was aimed at curbing abuse of the system. Filings could reach 1.7 million this year, says law professor Robert Lawless, but few experts believe that debtors are now gaming the system. Instead, concern exists about [...]
Tag Archives: Bankruptcy
NJ Reality Star Files Bankruptcy
Teresa Giudice has confirmed a recent report that her family is nearly $12 million in debt and filed for bankruptcy last fall. “The Real Housewives of New Jersey” star Teresa Giudice said she and husband Joe are looking at their bankruptcy filing as a “fresh start.” “While this is a personal matter, I realize that [...]
BP Bankruptcy Looming?
Can BP can financially survive the disaster in the Gulf? Sure, the oil giant is a diverse, international money-making machine, but the Guardian reported Monday that BP had already spent $1.25 billion seven weeks into the oil spill, with no clear end in sight. The company will be dealing with an avalanche of lawsuits for [...]
US bankruptcy filing rate near 5-year high
The pace of U.S. bankruptcy filings edged up in May to the second-highest daily level since 2005, reflecting the difficulty Americans have in working off excess debt even as the economy improves.
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Mints Mexican Money Mishap: Evil Anti Immigrant Infographic?
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Many in need don’t file BK
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NJ Reality Star Files Bankruptcy
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The Social Security Situation
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BP Bankruptcy Looming?
