Tag Archives: bankruptcy

How to avoid filing for bankruptcy and spare your credit

According to finance guru Dave Ramsey, bankruptcy is considered among the top five life altering events in an individual’s life. As much as one might hate it, they may find themselves in a situation where the only solution is to file for bankruptcy. However, by following certain steps, one can avoid having to file for […]

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How Chapter 9 Bankruptcy Works

Chapter 9 is in the federal bankruptcy code and is applicable to municipalities ONLY. The meaning of chapter 9 is stated as follows: To provide a financially distressed municipality protection from the people it owes while it comes up with a plan for adjusting/reorganizing its debts (through negotiation) to pay off. Handling debts owed by […]

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