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Insolvency Service “reframes” view of creditor – IPs can apply their discretion (UK)

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Top 15 Lies About Bankruptcy. Lie #12: Bankruptcy Can Lead to Divorce.

Lie #12: Bankruptcy Can Lead to Divorce. Truth-o-Meter: This is NOT true. In fact, usually, it works just the opposite. For people with financial issues that are causing problems in their relationship, filing bankruptcy is not the problem. The

Top 15 Lies About Bankruptcy. Lie #10: Only Big Businesses Can File for Chapter 11, Not People

Lie #10: Only Big Businesses Can File for Chapter 11, Not People. Truth-O-Meter: While corporations may be “people” in the eyes of Mitt Romney, there nevertheless are very different rules that may apply to their treatment. Most people believe, for

Top 15 Lies About Bankruptcy. Lie #9: Only Deadbeats File for Bankruptcy

Lie #9: Only Deadbeats File for Bankruptcy (Variants: I’m a Bad Person if I File for Bankruptcy; Bankruptcy is Immoral.) Truth-o-Meter: This is the big one. And it is about as far from the truth as can be. The vast, overwhelming majority of the

Top 15 Lies About Bankruptcy. Lie #8: It’s Really Hard (and Expensive) to File for Bankruptcy

Lie #8: It’s Really Hard (and Expensive) to File for Bankruptcy. (Variant: How Do They Expect Me to Pay a Lawyer if I Can’t Pay My Credit Cards?) Truth-O-Meter: The decision to file may be hard, but once the decision is made, the filing part is

Top 15 Lies About Bankruptcy. Lie #7: If You’re Married, Both You and Your Spouse Have to File for Bankruptcy

Lie 7: If You’re Married, Both You and Your Spouse Have to File for Bankruptcy. (Variant: If I File for Bankruptcy, My Spouse’s Credit Will Also Be Affected) Truth-o-Meter: In cases where both a husband and wife have a lot of debt, either

Top 15 Lies About Bankruptcy. Lie #6: Filing Bankruptcy Will Destroy Your Credit for 10 Years

Lie 6: Filing Bankruptcy Will Destroy Your Credit for 10 Years Truth-o-Meter: Here, two completely different concepts are being confused with each other. The fact that bankruptcy is reported on your credit report for 10 years (7 years for Chapter 13)

Bankruptcy: One Bite at the Apple?

Bankruptcy is not always a one time event. Unfortunately, despite the best efforts of many past bankruptcy filers, circumstances may come up where they face financial difficulties again. Few of us could have predicted the economic difficulties of

5 steps to assess your need for flood insurance

Even if you live in a low-risk area, you still may want to consider getting flood insurance.

When to save or splurge on everyday items

From bikes to wine, how do you know when to spend more and when to save?

Savings bonds stuck in feud over inheritance

Guidelines govern who inherits your grandparents' bonds, but it might be costly to redeem them.

Save money on insurance by comparing prices

Our Frugal $ense winner pits insurance companies against each other to save some extra cash.

7 secrets you won't learn from Social Security

Knowing these rules may make a difference in how much you'll get in Social Security benefits.

Debts that can't be wiped out in bankruptcy

Certain debts can be covered in bankruptcy, but here are some you'll always have to pay back.

Blog of the Day: Did Intellectual Laziness Cause the Crisis?

Deus Ex Macchiato has some fun with the Rumsfeld quote about "known knowns" and "unknown unknows," proposing that there is yet another variation: "the things that we are too lazy to know."

The Backdrop for BROKE: Consumer Debt Then and Now

In the introductory chapter of the book, Broke: How Debt Bankrupts the Middle Class, I present some data about consumer debt levels in the United States. As Bob Lawless and others have shown, levels of consumer debt are strongly correlated with

Should I file my reaffirmation agreement?

Filed under: Reaffirmation Agreement Tagged: Reaffirmation Agreement

Big Banks Lack Convincing Business Model

The largest institutions face feeble economic growth, a moribund housing market, chronically high unemployment, regulatory uncertainty and low rates as far as the eye can see. How will they make money?

AMR Workers Union Hits the Campaign Trail

European Pressphoto Agency Mitt Romney campaigns in Dunedin, Fla., on Monday. Members of the Transportation Workers Union of America have hit the campaign trail in Florida to protest the hiring of Bain & Co., the consulting arm of the private equity

Benefits of a chapter 13 bankruptcy case.

http://www.youtube.com/watch?v=YUpiUSmKp7s Chapter 13 Bankruptcy has the same benefits than chapter 7 but in some situations it is the better choice. If you live in the St. Louis Metro area please contact us with any questions you might have. Visit

The Discharge of Taxes and Tax Liens: A Study in Complexity

Whentwo sections of the laws are Code-oriented (the Bankruptcy Code and theInternal Revenue Code), the interaction of those laws can create complexity foran individual or their adviser. As many of you are aware, at Shenwick &Associates we do many