what is bankruptcy



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Deciding to file for bankruptcy is a decision that should not be taken lightly. Too many people opt for this decision before finding out what other alternatives are available to them. Filing for Bankruptcy should be your last resort if possible. We have listed some alternatives for you to consider below:Make a SettlementIf the debit you owe is manageable and will not hinder your everyday living and finances it is best to try and pay it in full or to call and make settlement arrangements with the creditor. While borrowing money to pay off your debts may seem like
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Lastest "what is bankruptcy" News:

What to Expect of the American Airlines Bankruptcy
Thomas C. Lawton is a professor at Dartmouth's Tuck School of Business. It was only a matter of time before American Airlines entered Chapter 11 bankruptcy. AMR Corp, parent company of the once mighty ...
Fri, 03 Feb 2012 08:35:20 -0800

What's Wrong with This Picture: Kodak's 30-year Slide into Bankruptcy
When new technologies change the world, some companies are caught off-guard. Others see change coming and are able to adapt in time. And then there are companies like Kodak -- which saw the future and simply couldn't figure out what to do. Kodak's Chapter 11 bankruptcy filing on January 19 culminates a long series of missteps, including a fear of introducing new technologies that would disrupt ...
Wed, 01 Feb 2012 12:50:21 -0800

Mayor: Providence is facing bankruptcy
At a dramatic news conference, Taveras said the city is near the breaking point and demanded sacrifices from Providence's retirees and tax-exempt institutions.
Thu, 02 Feb 2012 06:40:52 -0800

Stephen Eich resigns as Pasadena Playhouse executive director
Stephen Eich is resigning after 2 1/2 years as executive director of the Pasadena Playhouse. He helped see the company through a financial crisis that included an eight-month shutdown, bankruptcy proceedings and a return to stability.
Thu, 02 Feb 2012 20:01:17 -0800

Kodak Owes Hollywood Studios Big Money in Bankruptcy
Eriq Gardner Kodak's slogan is, "You press the button, we'll do the rest." That will be happening in a bankruptcy court now. read more
Thu, 02 Feb 2012 10:32:04 -0800



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If you have a recent bankruptcy but need an auto loan, you may be surprised at how easy it still can be to get approved for an auto loan. Because the bank can protect themselves by using the vehicle as collateral for the loan, it's much easier to get vehicle financing with past credit problems than it is to get a new credit card or another kind of unsecured loan. There are many finance companies online competing for your business, to finance your vehicle. Just beware of unethical lending practices. People with bad credit are often prey to lending scams. Bad credit borrowers have fewer lending options than other borrowers
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