Our Blog

 

Maker of Legendary Guitar Brands Les Paul and SG Files for Bankruptcy

Maker of Legendary Guitar Brands Les Paul and SG Files for Bankruptcy

Gibson Brands Inc. has filed for Chapter 11 bankruptcy protection. Gibson guitars, including brands Les Paul and SG, have been played by music legends across the decades―from B.B. King and Elvis Presley to Eric Clapton and Carlos Santana. Chapter 11 bankruptcy allows...

3 Facts You Want To Know About Bankruptcy

3 Facts You Want To Know About Bankruptcy

There is a lot of misinformation that gets passed around regarding bankruptcy. Since there is still a stigma attached to filing bankruptcy, the myths, misinformation, and blatant falsehoods about bankruptcy do not often get questioned. If you are drowning in debt and...

3 Reasons to File for Bankruptcy

3 Reasons to File for Bankruptcy

There are many reasons why people need to file for bankruptcy protection, we're going to give you 3 reasons to file bankruptcy. For many, filing is the best decision for their financial wellbeing. There is a commonly believed myth that filing for bankruptcy ruins a...

Your Bankruptcy Discharge Applies to You, Not Your Debts

Your Bankruptcy Discharge Applies to You, Not Your Debts

The bankruptcy discharge is a court order that releases you from personal liability on your dischargeable debts. In fact, receiving a Bankruptcy Discharge Order from the bankruptcy court is the goal when you file for bankruptcy. Your discharge is what actually gets...

8 Personal Finance Facts You Should Know

8 Personal Finance Facts You Should Know

When it comes to managing money, there are things everybody should know. Not knowing certain facts about your personal finances could cost you dearly. In some instances what you don’t know really could be expensive. Here are 8 Personal Finance Facts You Should Know!...

The Dangers of “Do It Yourself” Bankruptcy

The Dangers of “Do It Yourself” Bankruptcy

Mistakes or omissions in your bankruptcy petition filed with the bankruptcy court can come with dire consequences. You may think that filling out and filing your own bankruptcy case is okay, but there are numerous dangers of “do it yourself” bankruptcy. You may think...

Will My Creditors Get Paid if I File for Bankruptcy?

Will My Creditors Get Paid if I File for Bankruptcy?

If you file for bankruptcy protection, you must list all of your creditors. This means you must list every bank, organization, entity or individual to whom you owe money. You cannot pick and choose which creditors to include in your bankruptcy schedules and which to...

Why Some Creditors Are Paid in Bankruptcy While Some Are Not

Why Some Creditors Are Paid in Bankruptcy While Some Are Not

Just as some debts are treated differently in bankruptcy – some debts can be discharged (erased) in bankruptcy and some cannot – so too are creditors treated differently in bankruptcy - some creditors are paid in bankruptcy and some are not. Whether or not a creditor...

Weighing the Pros and Cons of Bankruptcy

Weighing the Pros and Cons of Bankruptcy

Bankruptcy is not a one-size fits all solution to debt problems. Filing for bankruptcy protection is a financial decision. It’s a decision that can empower you to take control of your financial future. Bankruptcy is a legal tool that has the power to erase debts. But...

Bankruptcy & Taxes: New Tax Debts Cannot Be Erased

Bankruptcy & Taxes: New Tax Debts Cannot Be Erased

People who are struggling with overwhelming credit card debt often are also struggling to pay back taxes, too. If you’re struggling with overwhelming debt, it may be time to explore if bankruptcy is the right solution to your debt problems. Filing for bankruptcy...

Still Have Questions?

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close