One of the key aspects to a Chapter 7 bankruptcy filing is the discharging of certain debts the filer owes. These debts are placed into two groups: secured and unsecured. The former group consists of debt that can't be discharged through bankruptcy, which are things...
Month: July 2013
Hostess, Twinkies make triumphant return after Chapter 11 filing
When Hostess, one of the most famed manufacturers of baked goods in the U.S., filed for Chapter 11 bankruptcy in 2012, many people in New York and, really, all across the country feared that the company's iconic treat -- the Twinkie -- would disappear forever. Given...
Owners of most expensive U.S. home are facing money challenges
The most expensive private home for sale in the U.S. is quite a doozy.Called Cooper Beech Farm, it sits on 50 acres in Greenwich, Connecticut, a community with an average income many times greater than that of most average Louisiana residents (or, indeed, residents of...
Math skills, or lack thereof, play huge role in foreclosure
Foreclosure can devastate a family, leaving them without a home and in a desperate financial situation. How people get into such an unfortunate situation varies from person to person. Some Garnerville residents may have had to deal with foreclosure -- and according to...
Debt collection practices still far too abusive
While the following story is a month old, the message of it is what is most important.New York residents who have dealt with debt collectors know the drill. They call all the time, often at inconvenient hours; they use aggressive tactics or make assertions that likely...
