May 13, 2011 | After Bankruptcy, Weekly Posts
Many people who file bankruptcy are small business owners. Especially owners of one-person small businesses. People like the freedom of being their own boss, but it can be a tough way to make a living. A lot of those small businesses are set up as corporations or...
Jul 25, 2010 | Weekly Posts
Donald Trump’s casinos, Trump Entertainment Resorts, emerged from Chapter 11 bankruptcy on Friday, July 16 2010. This followed two previous bankruptcies by the Trump casinos. First in 1991 and again in 2004 – 2005. (Trump’s other...
Jun 16, 2010 | Weekly Posts
Eighty years ago today, June 16, 1930, Will Rogers’ most famous quote first appeared in print. “I never met a man I didn’t like.” Probably, he’d said it before, because the Boston Globe had Rogers saying he’d be proud to have that...
Jun 5, 2010 | Weekly Posts
As a bankruptcy lawyer, I see a lot of people who have been knocked down by life. Filing bankruptcy can get you back on your feet financially, but other problems might still hold you down. One of those problems can be depression. When life knocks you down, there can...
May 30, 2010 | Weekly Posts
Debt collector and debt buyer Midland Credit Management pays an average of less than five cents for each dollar of debt they buy. That means if Midland is harassing you for a $7000 old account, they probably paid less than $350 for it. That’s what I saw when...
May 16, 2010 | Weekly Posts
Maureen O’Malley, a leading bankruptcy lawyer in Herndon, Va, sent me this credit card disclosure. It shows it will take $1.1 million to pay off $7783.37. And it will take 2670 years to do it. You can see for yourself here. (The person’s name and...
