Commercial Chapter 11 bankruptcy filings jumped 42% in April 2026. Steve Rhode explains what that surge means for your job, your debt, and the specific steps to take right now.
Mega corporate bankruptcies surged in early 2025. The consumer debt wave follows 6-9 months later. Here’s how to tell if it’s headed for your paycheck — and what to do before it arrives.
The Diocese of El Paso just filed Chapter 11 bankruptcy — one of 43 Catholic organizations to do so. If churches call bankruptcy ‘the only way’ when they face overwhelming debt, why is it ungodly when you do it?
Saks Global filed Chapter 11 bankruptcy on January 14, 2026 after missing a $100 million payment. They secured $1.75 billion in new financing the same day. If billion-dollar companies use bankruptcy strategically, why are you being told it’s shameful?
Quick Answer: Blockbuster’s September bankruptcy filing demonstrates that companies can use Chapter 11 as a financial restructuring tool to shed $1 billion in debt and close 500+ stores without stigma. Consumers can similarly use personal bankruptcy as a legitimate debt management strategy rather than viewing it as shameful failure.I can remember life before Blockbuster and …
Quick Answer: Carlos owes Sallie Mae $13,989 on a loan that would cost $20,786 total to repay, and requested a $4,000 settlement due to salary cuts and potential job loss. When facing Sallie Mae payment difficulties, borrowers should explore income-driven repayment plans, deferment options, or settlement negotiations before defaulting.Carlos “Dear Steve,Sallie Mae loaned me $10,537.50 …
Quick Answer: TVI Corporation’s Chapter 11 bankruptcy filing demonstrates how even companies specializing in disaster protection can face financial ruin. The Maryland-based manufacturer previously diversified into party tent rentals before selling those assets to Karl’s Event Rental for $2.1 million in December 2008.In what struck me as a moment of irony, I read this morning …
Quick Answer: Yes, Value City Furniture is gone for good after filing Chapter 11 bankruptcy and liquidating all 66 remaining stores. The discount retailer, founded in Columbus, Ohio in 1917, cited declining consumer spending, tighter credit markets, and inability to stock merchandise profitably.Our business strategy is quite simple. We fill our stores with a wide …
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