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Tag Archives: chapter 11 bankruptcy

Should We Consider Bankruptcy Again? – Kathy

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“Dear Steve, I’m a 63-year old RN who has worked full-time for the past 43 years. I’m currently still working, but it is so physically demanding, I won’t be able to keep up much longer. I’ve sought less demanding positions, but my age (I feel) is a liability when working for work. Both my husband and I receive a monthly ... Read More »

We Have a Million Dollars of Debt and Need to File Bankruptcy. – Ruthie

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“Dear Lewis, Our income is 18,000/month, secured debt (mortgages) is $1,050,000, Unsecured debt (credit cards, personal loans, medical bills) is 270,000. We have a single family home assessed 707K and multifamily assessed 575K that we need to keep. We’re a family of 5 w/3 dependents. We earn too much income to file Chap 7 and our secured debt is over ... Read More »

Blockbuster Going Bust. Bye-Bye Blockbuster?

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I can remember life before Blockbuster and soon maybe life without Blockbuster. According to reports, Blockbuster is filing for bankruptcy in September. Blockbuster is hoping to use its time in Chapter 11 to restructure a crippling debt load of nearly $1 billion and escape leases on 500 or more of it 3,425 stores in the U.S. Maintaining the support of ... Read More »

I Can’t Pay Sallie Mae – Carlos

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Carlos “Dear Steve, Sallie Mae loaned me $10,537.50 on 08/31/1994. I started making payments on it in 2003. Have been in forbearance three times. I have already paid about $7,000 on this loan. he loan is on forbearance until 03/07/2009. Because of financial hardship I wanted to settle with Sallie Mae for $4,000. Total Principal to be paid $13,989.89, estimated ... Read More »

I Owe $100,000 in Student Loan Debt And Might Have to Leave the U.S. My H-1B is Expiring. – Venkat

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“Dear Steve, I have been in US from 2002, I have been working full time from 2004. I have been working on my part time MBA from a Top business school from 2008. I am on currently on a H-1B visa now. The green card is no where in sight. I have minimum credit card debt and i have cleared ... Read More »

Chapter 11 Bankruptcy Irony – TVI Corp

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In what struck me as a moment of irony, I read this morning about TVI Corporation, a Maryland based manufacturer of disaster shelters and other protective equipment, that has filed for Chapter 11 bankruptcy protection. It seems that while they manufacturer many types of disaster shelters, they didn’t have one to protect them from financial disaster. In an effort to ... Read More »

Are Muzak and Sirius XM Radio, Better Than You?

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I was reading the latest news about the bankruptcy filing of Muzak, the elevator music people, and the new merged company of Sirius XM, the satellite radio people. Sirius XM has not filed Chapter 11 bankruptcy just yet but it looks like they will any day now. It has always struck me as odd that we applaud business for using ... Read More »

I’d Like to Get Rid of My Student Loan Payments With Bankruptcy. – Nancy

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“Dear Steve, I will never be able to pay my sallie mae student loan because of hardship. I am a single mother of two living check to check. I want to see how I can have my student loan discharged? Can I file bankruptcy myself? Nancy” Don’t miss our free Get Out of Debt – “How To” Guide Series on ... Read More »

Value City. Gone.

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Our business strategy is quite simple. We fill our stores with a wide assortment of designer, department, discount and specialty store deals at prices substantially lower than competing department and discount stores. We use our buying expertise to drive down prices and then pass the savings on to you, the customer. You never know what you’ll find at Value City! ... Read More »

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