Bankruptcy is hitting more older Americans, pointing to a retirement crisis in the making

Bankruptcy is hitting more older Americans, pointing to a retirement crisis in the making

Sen. Elizabeth Warren has warned of the impact of medical expenditures on family finances and advocated expanding Social Security. (Alex Wong / Getty Images) Whether America is facing a “retirement crisis” in which seniors are making do with shrinking financial resources has been widely debated. But here’s a telling metric: Seniors are making a larger…

How to get rid of a timeshare

How to get rid of a timeshare

FILE – This April 2017 file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File) Some timeshare buyers know almost instantly that they’ve made a mistake. Other owners struggle for years with loan payments and ever-escalating annual fees before they’re ready to throw in the towel….

Boomers go bust: Number of older Americans declaring bankruptcy rockets

Boomers go bust: Number of older Americans declaring bankruptcy rockets

More boomers than ever are filing for bankruptcy. Source: Getty. American Baby Boomers are filing for bankruptcy at an alarming rate, with three times the number of over-65s going bust nowadays compared to the early 1990s, shocking new figures have revealed. According to research published by the Social Science Research Network (SSRN), the number of…

Bankruptcies for July 27 through Aug. 2

Bankruptcies for July 27 through Aug. 2

This bankruptcy information is gathered from cases filed in U.S. Bankruptcy Court in Duluth July 27 through Aug. 2. DEBTOR: John Edwin Scott Vosika ADDRESS: 51508 County Road 189, Wirt CHAPTER 7 DATE FILED: July 27 ASSETS: $147,813.34 LIABILITIES: $168,248.75 DEBTOR: Edward A. Phillips JOINT DEBTOR: Samantha M. Phillips fka Samantha M. Merritt ADDRESS: 320…

Poughkeepsie attorney suspended, could face disbarment

Poughkeepsie attorney suspended, could face disbarment

A Poughkeepsie attorney has been suspended from practicing law after he failed to refund fees of clients who ceased their cases with his firm, totaling more than $32,000, according to documents from a state appeals court. Michael R. Varble was found guilty of "professional misconduct immediately threatening the public interest" because he didn’t comply with…

Bankruptcies

Bankruptcies

Chapter 7 is a petition to liquidate assets and discharge debts. Chapter 11 is a petition for protection from creditors and to reorganize. Chapter 12 is a petition for family farmers to reorganize. Chapter 13 is a petition for wage earners to readjust debts. Filed in U.S. Bankruptcy Court North Dakota Kevin A. Hodgins II…

Can I file for personal bankruptcy if I have pending lawsuits?

Can I file for personal bankruptcy if I have pending lawsuits?

I need to file for personal bankruptcy. I’m going to be starting a medical malpractice lawsuit for a parent who is deceased and also a civil lawsuit for personal injury for myself. Can you tell me….am I allowed to file personal bankruptcy if I have pending lawsuits….where I am the beneficiary of each lawsuit…if they…

BANKRUPTCY WATCH

ALEXANDER Danielle Carter, 3505 Midland Road, July 17, 2018, Chapter 13. Valerie Lynn Gifford, 9511 Ark. 5, N Lot 46, July 16, 2018, Chapter 7. ALMA Crystal Rose Stanard, 121 Oak St., Apt. G, July 12, 2018, Chapter 7. ARKADELPHIA Donna Denise Hart, 16 Hartford Drive, July 13, 2018, Chapter 13. ASHDOWN Sandra E. Jackson,…

Lancaster County bankruptcies: July 22, 2018

Lancaster County bankruptcies: July 22, 2018

Here is a list of Lancaster County bankruptcies recorded in U.S. Bankruptcy Court, Eastern District of Pennsylvania, Reading, July 10-16. Samantha Lee Goshert, first block of West Main Street, Adamstown. Chapter 7. Christina L. Bixler, 200 block of Church Street. Chapter 7. Brian Simmons, 3000 block of Todd Lane. Chapter 7. Amanda E. Youndt, 300…

Bankruptcies for July 22, 2018

BANKRUPTCIES WICHITA – The following persons from central and southwest Kansas have filed bankruptcy petitions with the federal district court. Unless otherwise noted, the filings are Chapter 7. Bucklin Kirk Esplund and Angela Esplund, assets: $130,933; liabilities: $164,870. Buhler Anthony David Hearn and Donna Lynn Hearn, assets: $291,822; liabilities: $333,891. Ellinwood Robert Beck, assets: $102,200;…

REAL ESTATE MATTERS: Will filing bankruptcy release a lien?

Q: I recently sold a property that had a tax lien on it along with a few other “things from the past.” I had a wildly successful business for 11 years that failed after the 2008 meltdown. I filed Chapter 7 bankruptcy in 2015. My bankruptcy included the tax debts, as they were old enough…

Recent bankruptcy filings in Minneapolis and St. Paul

Joseph Francisco Cruz, also known as Kiko Cruz, as surety for Bella Salon & Spa Inc. and Bella on the Bay Inc., 2710 Idaho Av. N., Crystal; filed July 13, 18-42261; Chap. 7; assets, $11,802; liabilities, $479,417. Kurt James Grotenhuis, doing business as Kurt Konsulting LLC, 22430 Bracketts Road, Shorewood; filed July 16, 18-42271; Chap….