Category : Bankruptcy

What about the companies I see on TV that say they will wipe out my debts without bankruptcy?

There are many unfounded claims being made by agencies that do not have the right to practice law. The Federal Trade Commission recently warned of these “credit repair” scams. The truth is, these companies depend on your creditors voluntarily agreeing to reduce your debt in exchange for a lump sum payment. Unlike legal debt relief, […]

Cirque du Soleil Files For Bankruptcy

As another month draws to a close, the economic fallout from the coronavirus pandemic finds yet another victim in Las Vegas Strip mainstay, Cirque du Soleil. The company announced Monday that they will be filing for bankruptcy protection.

24-Hour Fitness Declares Bankruptcy

Yet another casualty of the COVID-19 crisis was witnessed on Monday, with 24-Hour Fitness filing for Chapter 11 bankruptcy protection. Their anticipated closing of 130+ gyms may only be the beginning – as Danielle Wallace reports for Fox Business, “Experts expect a dramatic shift in the U.S. fitness industry even after coronavirus restrictions are lifted, […]

Your questions answered: I’m married, do my spouse and I both have to file bankruptcy?

This is a question I have received quite a bit over the years, but it seems to be coming up more and more these days. The simple answer is: NO, you can absolutely file for bankruptcy protection as an individual, even if you are married! Whether you should or not depends on who is legally […]

Don’t think you can afford an attorney? What is $0 Down Bankruptcy Filing?

This is a question that I get asked alot when I first talk with prospective clients about filing for bankruptcy relief. I mean, if you are having financial troubles to begin with, you usually don’t have a lot of extra money lying around to pay attorney’s fees, right? This is why we do not require […]

Bankruptcy in the News

It’s only Wednesday and we already have news of two major bankruptcy filings taking place this week: Boy Scouts of America and Pier-1 Imports have each filed for bankruptcy protection. While controversy abounds with regards to the Boy Scouts of America filing, Pier-1 Imports unfortunately seems to be just another of several big-brand retailers that […]

Iconic Barneys New York Department Store files for Bankruptcy protection

The end of an era? In this New York Times article, Vanessa Friedman and Sapna Maheshwari take an exploratory look at the recent bankruptcy proceedings of iconic New York department store Barneys New York. As they so aptly summarized the situation: “Retail watchers will probably be arguing for years over what, or who, was to […]

Forever 21 files for Chapter 11 Bankruptcy protection

By now I’m sure you’ve heard that yet another international retail giant, Forever 21, filed for Chapter 11 Bankruptcy protection in September – but what does that mean exactly for both the corporation itself, and the consumer? In this article Terry Nguyen takes an in-depth look at Forever 21’s filing – and how online shopping […]

Bankruptcy Terms to Know

Unless you have specialized legal experience or other unique circumstances, there is a good change that you have never had to do any work within the Federal Court System. I’d venture to guess that a rather significant portion of the population would fall into this category, my clients included, so I wanted to put together […]

If I ignore my creditors won’t they eventually just go away?

This is a more common question than you might think, and the short answer is simply, “No”. From a theoretical standpoint you have three options when it comes to handling a debt that has turned into a financial problem: You have the option to file bankruptcy. You have the option to work out a deal […]