Bankruptcy “Stays” in Vegas
This Time, It’s Not Just Trump Casinos Getting a Bad Draw “The Hangover” was the biggest comedy blockbuster of the last decade, but its lifeblood Las Vegas casino strip setting has seen far better days. In 2009, Las Vegas’ bankruptcy “stays” of protection are just as prevalent as the exploits of your hedonistic getaways that [...]
WSJ: Personal Bankruptcy Filings Skyrocket in States Hit Hardest By Housing Downturn
Sara Murray wrote an interesting article in the Wall Street Journal discussing the high rate of bankruptcy filings in the states hit hardest by the housing crisis. As home values in states like Nevada, Arizona and California continue to plummet, more consumers turn to bankruptcy as a way to escape looming personal guarantees. Below are [...]
Bankruptcy filings increase 32 percent in 2009
Bankruptcy filings rose 32 percent in 2009 compared to 2008. According to statistics from the National Bankruptcy Research Center, 1.3 million individuals and businesses filed for bankruptcy. The uptick in bankruptcy filings was largely a result of the economic recession. As the recession caused many individuals to lose their jobs and other sources of income, [...]
In A State—Marital Bliss Turns to Money-Animosity in Community Property States
In this economy, progressively more men and women see desultory credit score as a deal-breaker for potential suitors. If bad credit didn’t keep you from signing those conjugal papers, you might shrewdly learn how to dance around the event of a joint bankruptcy by taking pains to place your funds in separate accounts and eliminate [...]
Don’t Make a Financial New Year’s Resolution This Year
Doug Hoyes, Bankruptcy Trustee At the start of every year we are all tempted to make our financial New Year’s Resolutions. Perhaps you already have. My advice: don’t bother. According to researcher John Norcross in the Journal of Clinical Psychology in 2002, approximately 50% of the population makes resolutions each New Year. Among the top [...]