Actress Lindsay Lohan might find herself heading for bankruptcy due to claims that she failed to settle the rent payments on her flat in London, an October 22 report of the Economic Times stated. The bankruptcy issue reportedly comes as the 30-year-old actress opened up a nightclub in Greece with Dennis Papageorgiou. The landlord of the $4.2...
Former NBA player Darius Miles recently sought bankruptcy protection after playing for several seasons and earning millions of dollars, an article of Belleville News-Democrat reported on September 16. The 34-year-old former player of the Los Angeles Clippers decided to file for bankruptcy in June after acquiring too much debt. Miles acknowledged that his liabilities amounted to $1.57 million...
Former player for the Minnesota Timberwolves, Christian Laettner, is likely to find himself in bankruptcy court after his creditors took legal actions to recover the funds owed to them by Laettner, The Sydney Morning Herald reported. According to reports, the 46-year-old Laettner has to settle $14.05 million worth of debt to his creditors. At least five of his creditors,...
People today often take advantage of using computer software and internet technology to make completing tasks more convenient, including bankruptcy filing. Though the internet is a great source for relevant information on how to address financial issues, people should be aware that filing bankruptcy on their own using a software can be risky for mistakes made when...
According to a January 6 article from Fox News, working age cancer survivors are highly likely to face debt and foreclosure or file for bankruptcy. According to the researchers at the Kaiser Permanente Center for Health Research, at least one-third of cancer survivors between the ages of 18 and 64 will likely have to deal with...
People in Birmingham who are dealing with overwhelming debts may, at some point, experience harassment at the hands of creditors attempting to collect payments. However, it is imperative that debtors learn their rights when it come to creditor harassment. In accordance with the Fair Debt Collection Practices Act, the following behaviors will not be tolerated:...
Former professional football player Clinton Portis recently filed for Chapter 11 bankruptcy in Florida after reports revealed that he was facing debts of over $2.5 million. News sources said the 34-year-old ex-Redskins star filed for Chapter 11 Bankruptcy in the Northern District of Florida on November 5. Documents revealed that Portis has more than $1 million...
Filing for bankruptcy, while frightening, can often provide individuals and families with a great deal of relief from financial hardships. If you have decided to file for bankruptcy in Birmingham, you will need to collate and provide several important financial documents. Usually, the bankruptcy court requires debtors to submit their income statements, a complete list...
Nationwide credit card debt continues to soar, leaving many households steeped in what they often believe will be a never-ending debt cycle. Fortunately, the following is a list of tips for these individuals that may enable them to pay off their credit card balances more quickly. Avoid tacking on to your credit card balance by...
Since bankruptcy is a legal procedure, many of its terms can be confusing, especially to those people who are considering filing for the first time. Below are terminologies people should know when considering filing for bankruptcy: Insolvency means that a person or a business can no longer settle their debts where in some situations the...