social gloves bankruptcy

social gloves bankruptcy Bankruptcy is a legal procedure that enables individuals or businesses to discharge their debts and begin again. Social gloves, a company that manufactures and distributes gloves for social events, recently declared bankruptcy. In this blog post, we will discuss the reasons for the company’s bankruptcy as well as the next steps. There … Read more

What happens to my property and assets in bankruptcy?

What happens to my property and assets in bankruptcy? When filing for bankruptcy, many individuals are concerned about what will happen to their property and assets. The answer to this question depends on the type of bankruptcy you file and your state’s exemptions. Chapter 7 Bankruptcy In Chapter 7 bankruptcy, sometimes known as a “liquidation” … Read more

Common bankruptcy myths debunked

Common bankruptcy myths debunked   Bankruptcy is a legal process that can provide relief to individuals and businesses overwhelmed by debt. However, there are many myths and misconceptions surrounding bankruptcy that can deter people from exploring this option. In this blog post, we will debunk some of the most common bankruptcy myths and provide a … Read more

What to expect when filing for bankruptcy

What to expect when filing for bankruptcy If you’re considering filing for bankruptcy, you may be wondering what to expect. Bankruptcy can be a complex and confusing process, but it can also provide relief from overwhelming debt and a fresh start for your financial future. In this blog post, we’ll go over what to expect … Read more

5 Signs You May Need to Consider Bankruptcy

  5 Signs You May Need to Consider Bankruptcy If you’re struggling with debt and feeling overwhelmed, bankruptcy may be a good option for you. However, it’s important to understand that bankruptcy is a serious decision that can have long-term consequences. we will discuss 5 signs you may need to consider bankruptcy Before deciding to … Read more

are bankruptcy filings public record

are bankruptcy filings public record: Examining the US practice of making bankruptcy filings public: Transparency in the bankruptcy process: One of the primary reasons bankruptcy filings are made public is to promote transparency in the bankruptcy process. By making this information public, creditors, debtors, and other interested parties can see what is going on in … Read more

bankruptcy vs debt settlement

bankruptcy vs debt settlement There are two alternative ways to handle excessive debt: bankruptcy vs debt settlement. The key variations between the two are as follows: Process: Debt settlement is a negotiation between the debtor and their creditors whereas bankruptcy is a formal process that is supervised by the courts. Effect on credit score: Since … Read more

Number of Bankruptcy Filings

Here is a table showing the number of bankruptcy filings in the USA from 2015 to 2022: Year Number of Bankruptcy Filings 2015 794,960 2016 767,090 2017 730,517 2018 707,680 2019 744,280 2020 822,590 2021 875,190 2022 930,240   Source: United States Bankruptcy Court

bankruptcy chapter 7 vs 13

bankruptcy chapter 7 vs 13 I can tell you that Chapter 7 and Chapter 13 are two of the most frequent types of personal bankruptcy. So lets talk about bankruptcy chapter 7 vs 13   Here is some differences between the two: Chapter 7 bankruptcy: Chapter 7 is a form of bankruptcy in which the … Read more