The Reaquisition of Credit Following Chapter 7 Personal Bankruptcy

Federal law allows credit bureaus to report past bankruptcies up to ten years, so the financial implication of filing includes a ten-year influence on new credit. I document this influence with a large panel database of credit files which tracks many Chapter 7 filers past the moment when the filing disappears from potential creditors’ view,…

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 Optimal Personal Bankruptcy Procedure and Proposed Reforms

University of Michigan, Department of Economics, Working Paper No. 98-07 Academia Sinica – Institute of Economics University of California, San Diego (UCSD) – Department of Economics; National Bureau of Economic Research (NBER) Abstract We investigate a proposed reform of U.S. personal bankruptcy law which combines Chapters 7 and 13. The proposed reform obliges debtors in…

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…

Financial worries: Why waiting to file bankruptcy can be so damaging

Financial worries: Why waiting to file bankruptcy can be so damaging

A new study shows millennials are delaying life events due to being in debt. Elizabeth Keatinge has more. Buzz60 Filing for bankruptcy is often seen as an admission of personal and financial failure. Many people try hard to avoid it, but they end up paying the price for waiting. The longer people wait to file…

June personal bankruptcy filings in NH fall

So far, 2018 numbers are 3 percent lower than a year ago New Hampshire bankruptcy filings are on their way down again, albeit slightly. Some 129 households and businesses filed for bankruptcy in June, 33, or 19 percent, less than in May, and 24, or less than 16 percent, lower than June 2017. It is…

Debt Consolidation vs. Bankruptcy: Which Is Right for You?

Debt Consolidation vs. Bankruptcy: Which Is Right for You?

Considering debt consolidation versus bankruptcy might feel like picking between a rotten apple and a spoiled banana. Either one is going to turn your stomach. But making the right choice between these two options could set you on a path to feeling much better about your finances. Here’s what you need to know about the…

Number of personal bankruptcies keeps growing

Number of personal bankruptcies keeps growing

(Source: Sme) More Slovaks are turning to personal bankruptcy to get rid of their debts and the consequences of past bad decisions. During the second quarter of 2018, as many as 3,442 people declared personal bankruptcy, up 18.53 percent compared with the first quarter of 2018, CRIF – the Slovak Credit Bureau (CRIF SK) reported….

Davis Miles McGuire Gardner, a Tempe, Arizona Based Law Firm, Releases Book, "Everything You Never Wanted to Know About Bankruptcy (But Were Afraid to Ask)"

Davis Miles McGuire Gardner, a Tempe, Arizona Based Law Firm, Releases Book, “Everything You Never Wanted to Know About Bankruptcy (But Were Afraid to Ask)”

Arizona based law firm, Davis Miles McGuire Gardner, releases bankruptcy book. TEMPE, AZ, July 13, 2018 /24-7PressRelease/ — Pernell W. McGuire, the author of the book, "Everything You Never Wanted to Know About Bankruptcy (But Were Afraid to Ask)," has been dedicated to providing bankruptcy and debtor/creditor services to people and businesses throughout Arizona for…