Bankruptcy Will…

…not affect your job search. One persistent myth is that a bankruptcy filing affects your employment prospects.  The thinking goes that people who file bankruptcy are considered financially irresponsible, untrustworthy around money, and distracted by their debt...

Bankruptcy and Retirement Savings

Mike and Jenny have saved money for most of their working lives, and they have put nearly all of that money into an IRA.  But in the last few years, their graphic design business has lost client after client.  A business bankruptcy is a real possibility, and a...

Bankruptcy and Home Equity

“Nero fiddled while Rome burned”.  Politicians continue to fuss while the mortgage crisis lingers.  If you have negative equity in your home, and you are tired of waiting for someone else to do something, then it may be time to consider Chapter 13 bankruptcy. Chapter...

Celebrity Bankruptcy Watch

Congratulations to erstwhile actor Gary Busey, who recently completed his pre-discharge budget counseling class.  Mr. Busey, who filed Chapter 7 bankruptcy a few months ago, also gave us this acrostic: Bringing A New Knowledge Regarding Understanding Past Tribulations...

Top Three Causes of the Foreclosure Crisis

The Republicans Most conservatives favor economic deregulation as a means to reduce the government’s size.  It stands as no surprise that George W. Bush never met a banking deregulation law that he didn’t like.  Many Bush-era laws contributed to an attitude that all...