07 Nov 2016

Fixing your credit scores after a bankruptcy

Dear Liz: How do you repair credit scores after filing for bankruptcy? My husband and I are in this situation and are looking to reestablish credit and increase our credit scores. Also, how long do closed accounts appear on the credit report? Answer: Filing for bankruptcy may have actually helped your scores. Researchers at the Federal Reserve Bank […]

24 Oct 2016

5 of Our Favorite Tips for Dealing With Business Bankruptcy

As a business owner, the time and money spent in growing and managing my business has been worth so much. The idea of watching all of that crumble away into nothing is enough is terrifying but I have also learned that failures are simply an opportunity to learn from my previous mistakes and to take […]

17 Oct 2016

Can Small Business Owners Consider an Applicant’s Bankruptcy When Making Hiring Decisions?

Business owners are generally aware that their decision of whether or not to hire a job candidate cannot be based on discriminatory or other prohibited reasons. For the most part, those reasons are clear and easy to understand. Ronald Parks, Director of Talent Services at the diversity talent acquisition firm Talent Empire, says “Generally, any […]

11 Oct 2016

Finding Opportunities During And After Bankruptcy

In my last post, I discussed how bankruptcy is not always a bad thing for companies or investors. I liken the process to recycling, where the useful pieces of something that would have otherwise been discarded are broken down and turned into something new and valuable to society. The alternative to restructuring under Chapter 11 […]

19 Sep 2016

American Air Deal Removes Hurdle to Republic’s Bankruptcy Exit

Republic Airways Holdings Inc. reached a deal to continue providing regional flights for its largest customer, completing its third pact with the biggest U.S. carriers and removing an obstacle on the path to exiting bankruptcy. The agreement with American Airlines Group Inc. is critical because the world’s largest carrier accounts for about half of Republic’s […]

29 Aug 2016

Some Private Student Loans Eligible for Automatic Discharge in Bankruptcy

What’s in a name? Just because your private student loan uses the term “student loan” doesn’t mean it is one. At least for purposes of the U.S. Bankruptcy Code, a student loan must be from an “eligible educational institution“ to be considered nondischargeable. If it’s not, getting rid of it in a bankruptcy can be […]

15 Aug 2016

Turn a new financial leaf when emerging from bankruptcy

A relieved-looking woman came to me a few weeks back. “We have two more monthly payments of $757 remaining, and then our Chapter 13 bankruptcy is over,” said a woman I will call “Marge,” her named changed to protect her identity. “It’s been a hard five years, but life is about to get better again.” […]

12 Jul 2016

Legal service aims to help low-income debtors avoid bankruptcy

Poor, elderly and loaded with more debt than they could ever hope to repay, clients of Maryland Volunteer Lawyers Service often view bankruptcy as their only way out. “They carry so much shame about being in those circumstances,” said Susan Francis, deputy director of the pro bono lawyers service. “It has an emotional toll on […]

31 May 2016

U.S. energy bankruptcy wave surges despite recovering oil prices

The wave of U.S. oil and gas bankruptcies surged past 60 this week, an ominous sign that the recovery of crude prices to near $50 a barrel is too little, too late for small companies that are running out of money. On Friday, Exco Resources Inc, a Dallas-based company with a star-studded board, said it […]

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