Some of the most successful people make the worst financial decisions. Being good at singing, acting, or making music and movies does not always mean a person knows how to handle the things that come with success. To be fair, sometimes well thought out investments just do not pan out.
In March of this year, Claire’s began to crumble under the weight of just over $2 billion in debt. With stores in nearly every mall in America, the ear-piercing giant was feeling the decline of the mall as we know it. Unable to pierce ears over the internet, Claire’s has
Mattress Firm is the largest bed store in America. They have over 3,500 locations after merging with their largest competitor. Unfortunately, this merger and the rise of online bed-in-a-box shopping has eaten up the company’s market share and taken customers out of their stores.
About Mattress Firm
According to their website,
Just about everyone in America has heard of Sears. They have been selling us anything from jack-hammers to mittens for over a century. The giant has been wobbling for some time and now they are officially filing for chapter 11 bankruptcy protection. Sears is one of the more notable victims
So often is the case that a famous person bites off more than they can chew. Whether it be houses, jewelry, or friends, people who have money seem to spend money. Unfortunately, the latest celebrity (kind of) to file for bankruptcy is Dina Lohan. Dina has been an actor, producer,
Puerto Rico became a United States territory in 1898. The islands economy relied mostly on agriculture. However, after World War II, the United States tried to modernize the territory by moving businesses there. Of course, these businesses moved to take advantage of the lenient tax laws and cheap labor ultimately
Most people who have unresolved debt have received mail, phone calls or even at-home visits from debt collectors. While it always feels intrusive, did you know that these debt collections practices may actually be illegal? The Fair Debt Collection Practices Act (FDCPA) was enacted in 1978 to protect consumers from
Chapter 13 bankruptcy is a form of bankruptcy that requires the debtor to enter into a plan of debt repayment. It is similar to debt consolidation, but has the backing of Court approval, so your lenders do not have a choice about whether to participate in your proposal. When a
Bankruptcy comes in two forms for most debtors, Chapter 7 and Chapter 13. Chapter 7 is the preferred type of case to file because it allows a debtor to get rid of all of their unsecured debt. And, in most cases, it is having too much unsecured debt that puts
The first step to understanding the benefits of taking certain actions is to understand the action itself. When you are looking for ways to cut down on expenses and get out of debt it is beneficial to have a grasp of how different debt repayment plans can eliminate your debt
