Personal Bankruptcy

New Yorkers who plan on filing for bankruptcy may be interested in a publicized case involving rap artist Curtis Jackson, better known as 50 Cent. Jackson filed for bankruptcy in 2015 following a court’s order that he pay $7 million…

Many New Yorkers are concerned about how filing for bankruptcy will affect their credit scores. While bankruptcy will cause an immediate drop in a person’s credit score, there are ways people can quickly improve their credit thereafter. Several things affect…

Although many New York residents may be familiar with Tori Spelling’s acting career, they may not be quite as familiar with the reported financial challenges faced by her and her husband, 49-year-old Dean McDermott. The actress reportedly went through a…

People in New York who are behind on some of their most important bills may want to consider filing for bankruptcy. Once bankruptcy is filed, the debtor is automatically protected from most legal actions that could be taken against them…

New York pro football fans might be surprised to learn that former NFL running back Clinton Portis has filed for bankruptcy. The 34-year-old played for the Denver Broncos and the Washington Redskins and earned around $43 million over nine seasons.…

Many people in New York may be struggling with debt and unaware of their options. Bankruptcy is the right choice for some while others might have various possible solutions that they can pursue first. When trying to figure out a…

Many people in New York and elsewhere have struggled to keep up with payments on credit cards or medical bills. Often they will refuse to consider Chapter 7 or Chapter 13 bankruptcy because of the perceived stigma attached to these…

New York UFC fans may find it interesting that Edmond Taverdyan, the coach of superstar UFC fighter Ronda Rousey, filed for Chapter 7 bankruptcy on July 29. What makes this unusual is that, despite coaching one of the world’s most…

A North Carolina bankruptcy case illustrates how important it is for people in New York to honestly disclose assets when filing for bankruptcy protection. After investigating a complex bankruptcy case, a judge on the U.S. District Court for the Western…

New York residents who are in the process of bankruptcy may be facing the negative effects of a 2005 overhaul of the bankruptcy system, according to the American Bankruptcy Institute. Two panelists in an ABI webinar report that the Bankruptcy…