Explain Bankruptcy Links

5 Bankruptcy Myths Debunked

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in her financial woes. Legal technology provider Epiq Systems estimates that 1.21 to 1.25 million Americans will file for bankruptcy this year, down from 1 ...

Restoring your credit scores after filing for bankruptcy

The right steps to improve scores include a mix of credit and paying bills on time. But there's no way to quickly restore FICO scores to their old levels after a bankruptcy. Dear Liz : I had credit scores over 800 with no late payments ever. Unfortunately, a medical issue required me to charge $24,500 to a credit card. That led to a bankruptcy, which was discharged in July 2011. My scores ...

American Airlines pilots ask bankruptcy judge to keep contracts intact

American Airlines pilots union pressed its case Monday before the U.S. bankruptcy court, asking the judge not to abrogate its contract with the carrier and laying out its offers to… Click to Continue »

The 5 Most Common Bankruptcy Myths Debunked

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in her financial woes.

AA Pilots Ask Bankruptcy Judge To Keep Contracts Intact

NEW YORK _ American Airlines' pilots union pressed its case Monday before the U.S. bankruptcy court, asking the judge not to abrogate its contract with the carrier and laying out its offers to cut costs that American had rebuffed leading up to the court hearing.