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Oilfield Company Files for Bankruptcy in Delaware After $250 Million Default

Because of its flexible corporate laws and beneficial state corporate income tax, many companies choose to incorporate in the state of Delaware. Because these companies are incorporated in Delaware, they often will file for bankruptcy in the Delaware district

Determining Eligibility for Chapter 7 Bankruptcy: Understanding the Means Test

Bankruptcy is often the best solution to debt problems, but do you know what type of bankruptcy is right for you? For individuals as well as partnerships, corporations and other business entities, Chapter 7 bankruptcy can provide relief. Through

Does Filing For Bankruptcy Stop Foreclosure?

The best way to avoid foreclosure when you are behind on a mortgage payment is to work out a new payment plan with your lender or refinance the loan as soon as possible. However, even when your lender finds

Does Bankruptcy Help With Tax Debt?

Debts come in all forms from student loans to consumer debt, mortgage loans to medical bills, and even overwhelming tax debt. Many debtors find relief from debts by filing for bankruptcy, including either a full discharge of eligible debts

How to File for Chapter 7 Bankruptcy for Consumer Debts in Pennsylvania

Deciding to file for bankruptcy is a huge step in repairing credit and rebuilding your finances, but the process can prove daunting. Understanding the filing process makes bankruptcy less stressful and more successful.

The Chapter 7 bankruptcy process begins

Transferring Property May Be Bankruptcy Fraud in Pennsylvania

Bankruptcy fraud is a serious allegation that can be made against even well-meaning but inexperienced debtors. One of the most common types of bankruptcy fraud is concealing assets to avoid having to forfeit them. During Chapter 7 bankruptcy, the

School Loans Burden Students With Unmanageable Debt

When debt becomes overwhelming, the logical step for many people is to file for bankruptcy to get a handle on debt through reorganization or a fresh start through liquidation. While bankruptcy could be an appropriate option, care should be

How to Rebuild and Repair Credit After Bankruptcy

You took the leap into bankruptcy to stop mounting debt, foreclosure and creditor harassment, and finally have a moment of relief to reassess your financial position and plan for the future. Now what? For most consumers, the next step

Chapter 11 Bankruptcy Saves Pennsylvania Business

When the Marathon Grill restaurant at 1818 Market Street in Philadelphia, Pennsylvania fell behind on rent because of the 2008 recession, they were able to continue operations through a debt settlement agreement with their landlord. But when ownership changed,

Rebuilding Your Credit? Beware of Potential Scams!

Debt overwhelms consumers for all types of reasons such as unexpected bills, medical costs, job loss, loss of a wage earner or mortgage payments on an underwater home. When debt becomes too much to manage, offers of assistance by