ON THE MONEY: Discharging debts through bankruptcy

Greg Roberts We have all seen the television ads touting the efficacy of filing for bankruptcy, but the question remains: what impact will pursuing this course of action have on my financial future? More on that later, but, for now, the question is; how does bankruptcy work in South Carolina? Federal laws governing bankruptcy were…

Bankruptcies for July 15, 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. Great Bend James A. Audus and Rebecca L. Audus, assets: $246,920; liabilities: $259,463. Clifford Allen Parkins and Krystal Kay Parkins, assets: $2,235; liabilities: $61,650. Hays Sara Lynn…

Can Student Loans Now Be Discharged In Bankruptcy?

Can Student Loans Now Be Discharged In Bankruptcy?

Shutterstock It’s one of the most intensely-debated student loan questions: Can you discharge your student loans in bankruptcy? The short answer: normally, student loans are not dischargeable. However, that may change. Here’s what you need to know – and why. Student Loans & Bankruptcy: Overview First, a quick overview. As many borrowers struggle to repay…

5 years after declaring bankruptcy, Detroit reborn at a cost

5 years after declaring bankruptcy, Detroit reborn at a cost

DETROIT — It’s been five years since Detroit bottomed out after decades of decline, admitting in the largest U.S. municipal bankruptcy filing ever that the country’s one-time industrial engine could no longer pay its bills. The turnaround since then has been remarkable, with major investments that have brought new jobs, the rebirth of neighborhoods whose…

BANKRUPTCY WATCH

ALEXANDER Monique Andrade (aka Monique Hatchett), 16008 Autumn Cove, July 9, 2018, Chapter 13. Rodney J. Burge, 1606 Forrest St., July 6, 2018, Chapter 7. Scipio A. Brown III, 6124 Petit Jean Drive, July 11, 2018, Chapter 13. Susan Gray, 14523 Parkway Circle, July 10, 2018, Chapter 13. ALMA Brandy McArthur, 628 Love Road, July…

Bankruptcies for July 4-11

Bankruptcies for July 4-11

This bankruptcy information is gathered from cases filed in U.S. Bankruptcy Court in Duluth June 19 and June 28 through July 12. DEBTOR: Shannon Marie Anderson JOINT DEBTOR: Thomas Eich Anderson ADDRESS: 227 W. Faribault St., Duluth CHAPTER 7 DATE FILED: June 19 ASSETS: $11,634.22 LIABILITIES: $222,095.60 DEBTOR: Anthony A. Berarducci ADDRESS: 12910 Bay City…

Personal Bankruptcy and the Level of Entrepreneurial Activity

University of Michigan at Ann Arbor – Department of Economics University of California, San Diego (UCSD) – Department of Economics; National Bureau of Economic Research (NBER) Abstract The U.S. personal bankruptcy system functions as a bankruptcy system for small businesses as well as for consumers. When firms are non-corporate, debts of the firm are personal…

An Empirical Analysis of Personal Bankruptcy and Delinquency

Abstract This paper uses a new panel data set of credit card accounts to analyze credit card delinquency, personal bankruptcy, and the stability of credit risk models. We estimate duration models for default and assess the relative importance of different variables in predicting default. We investigate how the propensity to default has changed over time,…

An Empirical Analysis of Personal Bankruptcy and Delinquency

Abstract This paper uses a new panel data set of credit card accounts to analyze credit card delinquency, personal bankruptcy, and the stability of credit risk models. We estimate duration models for default and assess the relative importance of different variables in predicting default. We investigate how the propensity to default has changed over time,…

Bankruptcies for July 15, 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. Great Bend James A. Audus and Rebecca L. Audus, assets: $246,920; liabilities: $259,463. Clifford Allen Parkins and Krystal Kay Parkins, assets: $2,235; liabilities: $61,650. Hays Sara Lynn…

Bankruptcies, July 15

Bankruptcies, July 15

The News-Press regularly publishes filings made with the U.S. Bankruptcy Court for the Western District of Missouri, based in Kansas City, Missouri, and the U.S. Bankruptcy Court for the District of Kansas, based in Kansas City, Kansas. Today’s listing covers June 30 to July 6. Petitioners may file for protection under Chapter 7 (liquidation of…

Personal Bankruptcy and Business debts?

Personal Bankruptcy and Business debts?

If you have no personal liability, you do not have to list them. However, the overwhelming likelihood is you have personal liability. Check your credit report and if not listed, call the issuer and ask if you should list as a personal obligation on a mortgage obligation… Based upon what you have explained, it seems…

Don’t Allow Personal Bankruptcy To Stop You From Opening A Food Truck

Don’t Allow Personal Bankruptcy To Stop You From Opening A Food Truck

Personal bankruptcy is designed to give people a fresh start. This process halts collection activity, pending lawsuits, and relieves people of unsustainable debts. If you’re looking to start a food truck business, the promise of a fresh start may not be fully realized, but that doesn’t mean you can’t or shouldn’t try. Starting a new…