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Special Report on

Filing for Bankruptcy

filing for bankruptcy special research report Photo by
Roller coaster riders at Magic Mountain, a Six Flags theme park in Santa Clarita, Calif. The company has a heavy debt load. Will parents let their children ride a roller coaster owned by a bankrupt company? Six Flags hopes it does not have to learn the answer. Six Flags, the big theme park chain that is closely associated with the owner of the Washington Redskins, Dan Snyder, has a payment of nearly $300 million to holders of preferred stock due this year that it has no way of paying. So for several months now, the company, which is run by Mark S. Shapiro, and its advisers have been discussing a restructuring agreement with its ...
Legal News – Your Source for Legal News and Advice | Claiming ...
Bankruptcy is a legal proceeding that occurs when an individual or business cannot repay debts, and there is not another option to satisfy the collection effort.  Although this process may devastate an individual or business’s credit for several years, it will lessen the immediate embarrassments and stresses of bill collection and unpaid debts. Bankruptcy may become a process that is tedious and difficult to overcome.  There are numerous state regulations, exemptions and forms that must be completed to fulfill a lawful statement of bankruptcy.  A lawyer can not only assist in completing the necessary paperwork, but can ... market research, surveys and trends
Get the Truth About Choosing Bankruptcy to Stop Foreclosure ...
Is filing bankruptcy my only option for avoiding foreclosure? In some instances, the answer would be yes. When you have tried everything else – talking to your mortgage company, trying to negotiate a payment system, refinancing, and borrowing against the equity in your home – it may be time to think about filing bankruptcy. If your debts are piling up and you have no where else to turn, this may be your only option if you want to keep your home. If you have been following the news lately, you cannot miss the fact that the economy is not in very good shape. More homeowners than ever are facing the cold, hard reality ... market research, surveys and trends


MarketWatch: Illness And Injury As Contributors To Bankruptcy ...
In 2001, 1.458 million American families filed for bankruptcy. To investigate medical contributors to bankruptcy, we surveyed 1,771 personal bankruptcy filers in five federal courts and subsequently completed in-depth interviews with 931 of them. About half cited medical causes, which indicates that 1.9–2.2 million Americans (filers plus dependents) experienced medical bankruptcy. Among those whose illnesses led to bankruptcy, out-of-pocket costs averaged $11,854 since the start of illness; 75.7 percent had insurance at the onset of illness. Medical debtors were 42 percent more likely than other debtors to ... industry trends, business articles and survey research
G.M. Files for Bankruptcy -
President Obama, with auto representatives and cabinet members behind him at the White House, speaking about the bankruptcy plan for General Motors. President Obama marked the lowest point in General Motors ’ 100-year history — its bankruptcy filing on Monday — by barely mentioning it, instead focusing his remarks on the second chance G.M. will have to become a viable company with more government aid. “I’m confident that the steps I’m announcing today will mark the end of an old G.M., and the beginning of a new G.M.,” Mr. Obama said. While the moment had been anticipated for weeks, the ... industry trends, business articles and survey research
Spiritually Bankrupt
This is written with a sense of sadness and some mixed feelings. While not a member of the Roman Catholic Church, I have great respect for the church and its followers. The church has done and continues to do much good in the world. I've seen it among the poor, the downtrodden, and the ill all around the globe. But with a team of other investigative reporters, we uncovered some things that should be brought to light and pondered. Earlier this month, Pope Benedict XVI issued the first apology to priest abuse victims from St. Peter's Square - a gesture intended to show that church leadership is finally ready to confront ... market trends, news research and surveys resources
Only a fraction of those in need file for bankruptcy
With $80,000 in debt, Carmen Gardiner, 25, has a degree in psychology but earns $13 an hour at a call center in Atlanta. Bankruptcy would not discharge her debt. "I'm completely sour about the whole idea of going to college," she says. Bankruptcy filings are nearing the record 2 million of 2005, when a new law took effect that was aimed at curbing abuse of the system. Filings could reach 1.7 million this year, says law professor Robert Lawless, but few experts believe that debtors are now gaming the system. Instead, concern exists about a growing number of Americans who need bankruptcy protection but cannot get ... market trends, news research and surveys resources


Medical Bankruptcy in the United States, 2007: Results of a ...
specific reasons for filing for bankruptcy; the range of out-of-pocket medical expense (none, $1-$999, $1000-. $5000, or ... technology research, surveys study and trend statistics
Before You File for Personal Bankruptcy: Information About Credit ...
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 launched a new era: With limited exceptions, people who plan to file for bankruptcy protection must get credit counseling from a government-approved organization within 180 days before they file. They also must complete a debtor education course to have their debts discharged. The Department of Justice’s U.S. Trustee Program approves organizations to provide the mandatory credit counseling and debtor education. Only the counselors and educators that appear on the U.S. Trustee Program’s lists can advertise that they are, indeed, approved to provide ... technology research, surveys study and trend statistics
The Impact of Casino Gambling on Personal Bankruptcy Filing Rates
casino gambling had an impact on local bankruptcy filing rates. .... costs of filing for bankruptcy in more densely populated areas. ...
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What are all of the pro's and con's of filing for bankruptcy ...
We were very irresponsible in the past with money but i think we have both learned our lesson and i feel like we will never be able to get ahead in the world with our credit. People keep telling us to file but other people say that would be a stupid idea. can you please give me all of the pro's and con's. Answerer 1 Bankruptcy is a serious black mark on your credit history. It also puts your debt in the hands of the courts. A bankruptcy will stay on your credit for at least 10 years. On top of that, you will not be absolved of the debts. You will have to pay. It's not a get-out-of-jail-free thing.
WikiAnswers - Can filing for bankruptcy get rid of judgements or leins
That's a difficult question to answer as asked because it depends on what kind of judgement. The answer is: probably If a judgement is obtained can bankruptcy be filed ? Yes...whether the judgement will be discharged or paid in BK....which MUST include ALL your debts AND ALL your assets, no picking and another story. Can you file bankruptcy on judgements ? Generally not. But there are circumstances when it is allowed. When can you file for bankruptcy after you have did bankruptcy ? That depends on your situation. If you have filed but not received discharge of debt, then you may refile immediately. If you filed ...