Expert Bankruptcy & Debt Relief Insights

Over the past several years, especially since the financial crisis, there has been considerable discussion about municipal bankruptcies and their effects. The most notable recent municipal bankruptcy was Detroit’s due to its large size and longstanding reliance on the auto industry. When conducting a bankruptcy that is applicable to a municipality, such a bankruptcy falls…

Individuals facing debt concerns will likely face creditors demanding payment. It may be credit card companies calling debtors and letting them know that if they do not remit payment soon then the credit card company will start the collections process against them. It may be a third party debt collector collecting amounts owed to a…

San Jose native Debi Thomas has an impressive resume. She was a pre-med and engineering student at Stanford University; she is a graduate of Northwestern Medical School; she was a trained orthopedic surgeon; she was an Olympic champion and bronze medal winner at the 1988 Winter Games in Calgary; she became the first African-American woman…

A recent report finds that the number of seniors aged 61 to 74 filing for bankruptcy has tripled over the last several years. The report states that this is a dangerous trend and that the rising costs of healthcare play a significant role in the bankruptcy uptick. These statistics may also be suggesting a greater…

During the Great Recession, a record one in 88 homes in California were in foreclosure. This statistic represented a harsh reality for those who were unable to make mortgage payments. To make things more difficult, the housing market also took a nosedive, leaving homeowners without the ability to recoup losses through the sale of their…

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…