Bankruptcy news, articles and information:

Federal consumer 'protection' bureau caught data-mining the private financial records of millions of Americans

9/17/2013 - The very nature of the Obama administration is an exercise in Orwellian theory. The president claims that his administration will be the "most transparent" in U.S. history but covers up everything. He claims to want to "help working class families," but he directs his bureaucracy to unleash a...

Warning to all police, firefighters, schoolteachers: Most government pensions to be confiscated within a decade

7/21/2013 - Last week, Detroit declared bankruptcy, becoming the largest city in U.S. history to take such drastic action in the face of financial insolvency. A declaration of bankruptcy isn't what most people think it is, though: it's not just a statement of "we're broke!" It's actually a way for the city to clear...

Obama's new economic plan unveiled: Bankruptcy, divorce and liquor

7/11/2013 - We're not sure who snapped this photo, but it's hilarious (see below). It shows what I call the "new Obama economy," where instead of Americans being involved in manufacturing, innovation and private sector businesses that provide useful products and services, the economy is shifting into police state...

Refinance your home after a bankruptcy - Here's what you need to know

6/8/2013 - To some people, bankruptcy brings relief from being suffocated under a mountain of debt, and others experience it as a shameful sign of embarrassment and failure. Regardless of how you feel about your bankruptcy, once it's been discharged, it's not the end of the world or the end of qualifying for credit....

Doctors increasingly declaring bankruptcy as Obamacare kicks in, causing widespread care shortages

5/20/2013 - Just a few short years ago, Plantation, Fla.-based bankruptcy attorney David Langley did not have even one doctor as a client. But in the years that have followed, Langley has processed at least six bankruptcy cases involving physicians, and is currently working on two bankruptcy cases involving an...

As poorly managed states go bankrupt, will solvent states bail them out?

12/12/2012 - It is a colorful phrase used to describe financial institutions said to be so large that, if allowed to go bankrupt, they would cannibalize the U.S. and global economies. But it is more than that, really. In today's political vernacular, the expression "too big to fail" has morphed into a Keynesian...

Widespread bankruptcy of Obama-backed green energy companies continues as state of economy worsens

11/6/2012 - As idyllic as it might sound in theory, the pumping of billions of taxpayer dollars into green energy programs aimed at decreasing reliance on fossil fuels and foreign oil has not exactly led to the positive advancements in clean energy we were all told it would. According to a recent report by The...

Crony capitalism: Green firms burn through taxpayer dollars, pay huge executive bonuses, then go bankrupt

3/9/2012 - The Obama Administration's green energy development program, which has leveraged billions of taxpayer dollars into high-risk green energy startups, is rapidly turning out to be one of the biggest financial scams on the American people in recent history. A new investigative report by ABC News has revealed...

Will Ding Dongs, Wonder Bread, and Twinkies disappear? Hostess Brands to file Chapter 11 bankruptcy, again

1/14/2012 - Just a few years after barely climbing out of an earlier bankruptcy filing from 2004, Hostess Brands has announced that it is once again filing for Chapter 11 bankruptcy protection. The Wall Street Journal reports that skyrocketing debt and unsustainable labor costs have driven the company's cost structure...

GM using bankruptcy as an excuse to skip out on auto warranties

8/30/2011 - I'm sure you have heard of a little car company called General Motors. But did you know it was actually two companies, not one? It's true. There is the "Old GM," the one that existed before the former No. 1 global car company declared bankruptcy in June 2009. And there is the "New GM," the one that...

Another one bites the dust: Alabama's most highly populated county hires bankruptcy lawyers in advance of financial meltdown

7/31/2011 - In what is shaping up to become the nation's largest-ever municipal insolvency, Jefferson County, Ala., officials recently hired a major law firm to tackle the county's approaching Chapter 9 bankruptcy filing. A federally-mandated sewer upgrade project plunged the county into severe debt back in the...

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