Archive for June, 2009

Chapter 11 Explained

Tuesday, June 16th, 2009

When a person or a business needs to file for bankruptcy protection, there are several chapters within the United States Bankruptcy Code under which the initial petition can be filed that will govern the subsequent proceedings.� While many people understand the basics for bankruptcy petitions that are more consumer-oriented and ...

Donald Trump and Bankruptcy

Monday, June 15th, 2009

Historically in the United States, bankruptcy is a term that has carried an extremely negative connotation.� Those who file for bankruptcy protection are seen, mostly by themselves, as failures who could not meet their monthly obligations.� Unfortunately, this is almost always an inaccurate way to think about and approach bankruptcy, ...

Bankruptcy – Curse Or Blessing? It’s Up to You

Sunday, June 14th, 2009

By the time people are faced with bankruptcy it's usually too late for them to have a choice. Their lawyer will tell them what to expect and how to go about the process but that doesn't deal with the personal aspects and the changes it will make in their lives. ...