When a General Contractor Files for Bankruptcy

When a General Contractor Files for Bankruptcy

Bankruptcy is a tool used to help eliminate troublesome debt, however, what happens if you are on the creditor side it can be distressing. While many individuals do not ever believe this will happen to them, it happens quite often every day when individuals pay a large down payment to a general contractor for work  … Read more

  Filed under: Filing bankruptcy


iHeartMedia Media to Exit Texas Bankruptcy

iHeartMedia Media to Exit Texas Bankruptcy

After three long years, the nation’s most extensive radio network, iHeartMedia, has finally received the approval of Houston Texas Bankruptcy Judge Marvin Isgur to exit bankruptcy. The US-based radio station owner originally filed for Chapter 11 bankruptcy protection in order to decrease its $20 billion in debt. IHeartMedia Bankruptcy Financing For companies with a considerable  … Read more

  Filed under: News


The Foreclosure Process

The Foreclosure Process

During the process of a foreclosure, the mortgage lender can take possession of the property that the homeowner is in default. The procedure varies by state and can take anywhere from one to seven months to complete. Although a lender can legally start foreclosure proceedings with the first miss payment, that usually doesn’t happen. Foreclosure  … Read more

  Filed under: Foreclosure


Mandatory Credit Counseling

Mandatory Credit Counseling

To qualify for bankruptcy relief, you must attend mandatory credit counseling. Unless you are in the military on active duty, have a disability that prevents you from participating or incapacitated in some way, you will have to complete the counseling within 180 days of filing for bankruptcy. Non-Profit Credit Counseling Agency The reason for the  … Read more

  Filed under: Money Management