The current business environment may be right for a flurry of bankruptcy activity. On its face, such a statement sounds ridiculous. The US economy is experiencing its longest bull run in history, unemployment is low, companies in the tech sector complain of a lack of quality candidates, the Dow is surging, and construction continues to…

California has long been known for its glitz. It is the home of the stars; the weather is incredible, along with the palm trees, the beaches, etc. It is also a destination for the wealthy to have second homes. In fact, a significant number of current and former professional athletes call California home. A recent…

Speak to any money manager, stockbroker, or similar professional, and they will stress the need to diversify your portfolio. The logic is simple: Do not put all your proverbial eggs into one basket. Many people, including those with significant wealth, invested heavily in “surefire” investments only to suffer serious losses when the investment did not…

The Affordable Care Act, better known as Obamacare, sparked and continues to spark debate. Its controversial passing and subsequent legal action triggered conversations between scholars and laymen alike. One fact about Obamacare is that it tracks a downward push of bankruptcy filings. The question becomes whether Obamacare is causal with respect to the slide in…

Social research seems to point to a trend wherein people are reticent to file for bankruptcy or utilize social welfare programs. At the same time, with the emergence of the importance of maintaining a good credit score, this trend continues. The trend over the last several years has been moving away from social welfare programs…

The Toys R Us bankruptcy, along with the bankruptcy of its sister store Babies R Us and parallel bankruptcy proceeding in Canada for its Canadian subsidiary, shocked the market. Not so much because a store with a strong brick and mortar presence filed for bankruptcy, but because its sheer sales numbers were not enough to…

Stereotypical California story: 70-year-old man divorces his fifth wife. He lives in Beverly Hills and works as a top executive at a large entertainment company and has done so for a number of years. He is very active but recently cut back on his working hours so he can spend time enjoying life. He is…

Discharge Injunction Violation Perhaps you are a consumer who is facing mountains of debt. The debt load does not allow you to rest. You cannot eat, sleep, or perform normally routine activities because you are overwhelmed by debt. Some days you prefer to just stay in your bed because of the debt. You borrowed money…

Government statistics demonstrate that bankruptcy filings fell by 0.7% last year, marking the smallest 12-month decline since 2010. Based strictly on these numbers, bankruptcy filings are up. During the recession and its immediate aftermath, bankruptcy filings soared. As the economy moved in a different direction and things improved, bankruptcy filings saw a steady decline. 2017…

Prisoner’s dilemma is a subset of game theory wherein the police arrest two men and accuse those men of being involved in the same crime. The police separate the men and place them in different prison cells so that each defendant does not know what the other defendant is telling the police. The men, now…