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Blog Posts in May, 2012

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  • Octomom Bankruptcy Gets Dismissed
    Octomom Bankruptcy Gets Dismissed

    On April 30, Nadya Suleman, better known as "Octomom" filed for Chapter 7 bankruptcy here in the Central District of California, Santa Ana division. At the time, the mother of 14 children had recently ...

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  • Is There a Debt Limit to Filing for Bankruptcy?  Is There a Minimum?
    Is There a Debt Limit to Filing for Bankruptcy? Is There a Minimum?

    People often ask if their high amount of debt will disqualify them from filing for bankruptcy. The total amount of debt you have is important depending on which type of bankruptcy you intend to file. ...

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  • How Are 401k Loans Handled in Bankruptcy?
    How Are 401k Loans Handled in Bankruptcy?

    Many individuals take out 401k loans in order to keep up with their bills and expenses. These 401k loans are then required to be paid back in order to avoid 401k withdrawal penalties. Often times 401k ...

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  • Do I Really Need an Attorney to File for Bankruptcy?
    Do I Really Need an Attorney to File for Bankruptcy?

    Many people who are considering filing for bankruptcy are looking for the most cost-effective way to do so. Afterall, a person needing a bankruptcy usually doesn't have a large sum of money that can ...

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  • Fewer Loan Modifications Are Getting Approved in 2012
    Fewer Loan Modifications Are Getting Approved in 2012

    In a recent report by the Hope Now Alliance, fewer loan modifcation were approved in the first quarter of 2012 as compared to 2011. The numbers were as follows: First quarter of 2012 approximately ...

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  • Famous People Who Have Filed for Bankruptcy
    Famous People Who Have Filed for Bankruptcy

    A common misconception about bankruptcy is that it is a financial death sentence. Most people think that by filing for bankruptcy, they will never be able to buy a house, finance a car and will ...

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