When a person is experiencing significant financial problems, they will often do everything in their power to try to stay afloat, whether that means taking on another job, cutting unnecessary costs or making only minimum monthly payments until they can catch up.
Posts tagged "Personal Bankruptcy"
Once the decision is made to pursue a divorce, there is no question that things are rapidly going to become difficult from an emotional perspective, meaning difficult for the spouses, difficult for the kids, and difficult for friends and other family members.
It often seems as if every time you log onto the Internet, there is yet another survey ranking the individual states. Indeed, a quick query on a search engine will turn up state rankings for everything from driving skills and population health to education access and divorce rates.
In a previous post, we started discussing how federal courts are now being called upon to decide the issue of whether marijuana-related businesses should be allowed to seek federal bankruptcy protection.
It may seem hard to believe but the number of states that have legalized marijuana in some capacity -- either medicinal or recreational -- currently sits at 23. While it seems unlikely that this will happen here in Arkansas anytime soon, it has nevertheless been a fascinating phenomenon to monitor from a criminal law, business law and, most recently, bankruptcy law perspective.
Chief among the reasons why a person in serious financial distress might be hesitant to consider personal bankruptcy is the fear that doing so will somehow result in the loss of virtually all of their personal property.
As hard as we may try to avoid it, we are constantly bombarded with advertisements for credit cards. While these solicitations often take the form of personalized entreaties arriving via the mail and email, they can also take a more subtle and indirect form like Internet banner ads and, of course, television commercials.
One time belonging to the baby boomers, the group that now makes up the largest segment of the United States population, is the Millennials, or Generation Y. These individuals—defined as being between the ages of 19 and 34—have different financial concerns than previous generations. According to a recent analysis conducted by Experian, they are the least credit savvy. To improve their financial position and possibly avoid having to file for bankruptcy, there are several things that members of this generation can do.
Even study authors of a research effort focused upon hospital charges across the country concede that medical facility administrators need to jack up their prices a bit to remain economically viable.
Challenged debtors and lenders alike were waiting for some time for the United States Supreme Court to render a definitive outcome in a case involving second (often termed "junior") liens held on home mortgages.