Perfumania Files for Bankruptcy

Perfumania Files for Bankruptcy

The long, slow death of the American mall continues as Perfumania files for bankruptcy. Retailer Perfumania has filed for a Chapter 11 bankruptcy, joining a long parade of former shopping mall stalwarts that have headed for the exits. Behind the death of the shopping mall is the simple fact that there are not enough feet […]

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Americans in Credit Card Debt?

Why are Americans in Credit Card Debt?

You can’t really say that Americans have ever been out of credit card debt. Both before and after the recession credit card use has become a fact of life. While consumers continue to prefer debit cards for smaller purchases, the average household credit card debt continues to grow. There are number of factors behind this, […]

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722 Redemption

Keeping Your Vehicle with a 722 Redemption

There are lots of reasons that people don’t file for bankruptcy. Many times, they don’t even really understand how bankruptcy works to free them of their debts and give them a fresh start. One of the biggest reasons I found that people don’t file for bankruptcy is because they are afraid to lose their car. […]

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Can a Credit Card Company Sue You?

Q: I am not sure if I am being scammed or not, but I got served with a lawsuit this past week. It’s for a delinquent credit card debt that I do owe, but it seems to say that the credit card company itself is suing me. It’s a moot point, as I’m so broke that I’m moving back to Tampa to live with my parents. Can a credit card company sue you?

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What Is a 722 Redemption?

One of the worries that people have when they are filing for a Chapter 13 or Chapter 7 bankruptcy is losing their car. In fact, fear of losing their car is one of the biggest things that holds people back from filing for bankruptcy.

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Why Retail Bankruptcies Are on the Rise

As an attorney who specializes in bankruptcy, I can’t help but note with dismay the huge increases in retail bankruptcies, and of course it’s the smaller businesses that provide the majority of American jobs that are feeling the heat.

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Is Personal Bankruptcy a Matter of Public Record?

This is a surprisingly frequent question, and a big concern. Unless a legal proceeding is under a judicial seal, all legal filings are in fact matters of public record. However, most people outside the legal community do not know how to access bankruptcy records.

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If I File for Bankruptcy Can I Keep My Car?

Last year, about 800,000 people filed for bankruptcy in federal courts, says the National Bankruptcy Forum. If you’re in the same boat, it’s a smart policy to know as much as you can before you file for bankruptcy.

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