Bankruptcy

Nowadays, there is a stigma attached to filing for bankruptcy as it is seen as a failing, which shouldn’t be so. Contrary to popular opinion, bankruptcy doesn’t always have to be a bad thing as it can be a good decision for a number of reasons. It is also important to remember that no two bankruptcy cases are the same and people file for bankruptcy for varying reasons. Some people file for...

Mallinckrodt, which is considered one of the biggest generic opioid manufacturers in the US, has tentatively agreed to settle the numerous federal lawsuits against them. This company was sued by the local and state government because of the opioid crisis, and they have tentatively agreed to pay $1.6 billion to settle it. The company stated on Tuesday that the agreement was endorsed by over 40...

There comes a time in one’s life when you need some extra cash to settle some financial problems that you might have. Then the need to borrow money arises, it might be to settle some kind of emergency, buy a car, to get your first home, or even to settle some other high-interest debt. Whatever be the case, it all boils down to you wanting to borrow money. You don’t need to be shy...

About 70% of Americans spend money on prescription drugs because they suffer from one illness or another. Depending on the kind of illness, prescription drugs are inevitable, and what’s worse is that most people can’t do without these drugs. The problem is, the cost of prescription drugs is very high, and many people can’t afford it, and they eventually fall into...

According to reports, small businesses have been caught in the crosshairs of Sears Holdings bankruptcy. Sears filed for bankruptcy on October 15th, 2018, after several failed attempts to save the business. Things haven’t been going well on the business front for this company as small business owners are bearing the brunt of this as the Sears Holdings estate it trying to take payments back...

No matter how you fill out your W-4 or how much money you set aside for taxes, you may end up owing the federal or state government.  This is tough enough for people that are not enduring financial stress.  It is perhaps impossible for people considering bankruptcy.  There are many types of debt that you can eliminate through bankruptcy and there are some which you cannot.  There is secured...

Life can be a tad difficult for students who just graduated high school with a dream to study at some of the best Universities in the United States. Not difficult in the sense that they can’t make it but more like expensive because even though they do get accepted into those colleges, the cost of education for the four years could be literally back-breaking. Studies have shown over the years...

Some things are out of our control.  When you wake up and get out of bed, you do not plan to experience a personal injury; it just happens.  When it does happen, will you know what to do?  Chances are, the answer to that question is “no”.  Afterall, most of us are not legal professionals.  So, what DO you do in the event of a personal injury? (more…)

When we think of bankruptcy, we often have in mind a person that cannot make ends meet, but there are many kinds.  Companies have to make ends meet too and when they cannot, people get laid off, assets get liquidated, and people end up in court.  Corporations are not immune to financial stress. Here are some recent large-scale bankruptcies you may have heard about in the news. (more…)

January is the dawn of a new year.  Hopes are high.  Unfortunately, so is the tension amongst couples.  Historically, the month of January demonstrates a spike in the rate of divorce filings.  There is plenty of conjecture surrounding this unpleasant statistic, but what are the real reasons behind why people decided enough is enough in January? (more…)