Monthly Archives: April 2026
Top Five Celebrity Bankruptcy Stories
The Bankruptcy Code guarantees all distressed debtors, including the rich and famous, a fresh start. Chapter 7 erases medical bills and most other unsecured debts in as little as six months. Chapter 13 gives distressed debtors up to five years to catch up on past-due home mortgage installments and other delinquent secured debts. All… Read More »
Top Five Reasons People File Bankruptcy
This topic may seem simple, because most people file bankruptcy because they owe more money that they can pay (or want to pay) and they have exhausted other options. However, different people get into this situation in different ways. Nearly all these financial problems are at least partially beyond the debtor’s control. So, these… Read More »
Special Issues in Gray Bankruptcies
The combination of a longer lifespan and rising medical expenses has caused gray bankruptcies (the debtor is over 60) to rise 70 percent since the 1990s. Most 70-year-olds can now expect to live another ten or fifteen years. Their financial assets often cannot last that long. Furthermore, even if a person has Medicare, chronic… Read More »
