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Bankruptcy

Even NFL players file bankruptcy

Bankruptcy is not just for the indigent. Very typically what I see, are people who were chugging along doing fine, and then there's usually some sort of triggering event, whether it's an illness, accident, or injury, that causes them to lose their financial footing,...

What does a trustee do in a bankruptcy case?

When you file for bankruptcy, a trustee will be appointed to oversee and manage your case. Their primary role is to ensure that the bankruptcy process runs smoothly and that both you and your creditors are treated fairly. The trustee's responsibilities cover a wide...

Consumer Debt Hits Record High

A recent article noted that consumer credit card debt has spiked in the last two years, going from near all time lows to all time highs. Most people believe that this is due to the end of the pandemic stimulus payments, combined with inflationary pressures that have...

When should you file for bankruptcy?

Filing for bankruptcy is often someone's last resort when they are in a bad financial situation. It can be hard to know when you need the protection of bankruptcy or when you might be able to correct your financial situation without taking any drastic steps....

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