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Bankruptcy & Debt Relief

Medical Bankruptcy Continues

Medical Bankruptcy Continues

By | Bankruptcy & Debt Relief

Despite passage of the Affordable Care Act (ACA), medical bills continue to be a leading contributor to financial ruin for many Americans. Earlier this month, the American Journal of Public Health published a study indicating that 530,000 families declare bankruptcy each year as a result of illness or medical bills….

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Sears’ Costly Bankruptcy

Sears’ Costly Bankruptcy

By | Bankruptcy & Debt Relief

One paralegal involved in the Sears bankruptcy is receiving attention for services rendered above and beyond the call of duty.  Keri Grant, who works for Weil, Gotshal & Manges, the law firm representing Sears in the company’s bankruptcy, billed $174,000 in the month of November alone.  That amounts to 431…

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Small Business Bankruptcy

Small Business Bankruptcy

By | Bankruptcy & Debt Relief

80 to 90 percent of business bankruptcy filings come from small businesses.  Under new bipartisan legislation set for consideration in 2019, small businesses with less than $2.5 million in debt would be able to file bankruptcy more cheaply and quickly. The proposed bill would add a subchapter to the Bankruptcy…

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Don’t Hide the Engagement Ring

By | Bankruptcy & Debt Relief

Scott Maasen will be serving eighteen months in federal prison beginning in January 2019.  Although the Arizona attorney drove around town in a Maserati and bought million-dollar homes when he declared bankruptcy in 2009, he was sentenced in federal court earlier this month for concealing a $90,000 engagement ring. Earlier…

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Aging into Bankruptcy

By | Bankruptcy & Debt Relief

We live in a society where we trade our labor for money in order to survive; therefore, it is part of the natural course that as we age, our ability to support ourselves financially declines.  Without a strong social safety net, only those with savings can retire comfortably. As a…

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