Bankruptcy: A Historical Perspective

Bankruptcy: A Historical Perspective

Bankruptcy laws have changed drastically throughout the course of history in both the United States and abroad. You might be surprised to discover that insolvency and bankruptcy far predate the woes of today’s U.S. citizens. In the following infographic, learn...
The 20 Biggest Bankruptcies in United States History

The 20 Biggest Bankruptcies in United States History

Before they filed for bankruptcy, Lehman Brothers Holdings Inc. was the fourth-largest investment back in the United States. Unfortunately, due to their involvement in mortgage origination, the company plummeted hard during the mortgage crisis of 2008. Here is an...
Differences Between Lien Stripping and Lien Avoidance

Differences Between Lien Stripping and Lien Avoidance

Lien stripping and lien avoidance are useful tools used in bankruptcy when a creditor has put a lien on your house or some other tangible property. Lien stripping is available in any of the reorganization chapters such as Chapters 13, 11 and 12 but is not available in...
Managing Student Loans or Discharging Them in Bankruptcy

Managing Student Loans or Discharging Them in Bankruptcy

According to Studentaid.ed.gov, the total outstanding debt on student loans as of 2018 was $1.6 trillion!!! This does not consider private student loan. About $92.02 billion of these student loans are more than 90 days late. There are many types of student loans. The...
Are Taxes Dischargeable in Bankruptcy?

Are Taxes Dischargeable in Bankruptcy?

The answer to this question is yes and no. Or better yet, it’s complicated. This is a complex overlapping area of the law and there are many nuances and exceptions. It is not the intent of this article to provide any legal advice. An attorney specializing in the area...
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