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Bankruptcy does not always involve the total liquidation of all one's belongings. For example, in the most common type of consumer bankruptcy, known as Chapter 7 or "liquidation," consumers may not be forced to liquidate their home in order to pay off debts. In...
The founder of Gawker Media, Nick Denton, may be facing personal bankruptcy. A U.S. judge recently refused to extend special protections that were shielding him from having to pay an invasion of privacy lawsuit ruling concerning ex-wrestler Hulk Hogan. The judge's...
There is no such thing as being so wealthy that you are immune from financial troubles. It is important for Kentucky residents to remember that going bankrupt is not only something that happens to the poor. Sometimes, even millionaires get millions of dollars in debt....
In recent bankruptcy news, after famed sports broadcaster Erin Andrews won a multi-million dollar judgment against Michael Barrett for invasion of privacy and emotional distress, Andrews had to fight the case again in Barrett's personal bankruptcy case. The case...
The snowball method of credit card debt payment is a very effective strategy to make your credit card debt disappear fast. It involves focusing all your debt payment on one card at a time until, eventually, you pay them all off -- and a lot faster than you think....
F. Lee Bailey, the famed lawyer who served as counsel for football legend O.J. Simpson during his 1995 murder trial, has filed for bankruptcy. The lawyer says that his debts exceed $5 million and most of them relate to overdue IRS bills. Bailey rose to fame after...
