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Posts tagged "Chapter 7"

Small business loan delinquencies on the increase in the U.S.

One method small business owners sometimes use for injecting capital into their business is taking out a small business loan. In some instances, a small business runs into trouble paying back such loans. Recent statistics indicate that, over the past several months, it has been becoming increasingly common for American small businesses to fall into delinquency on loans.

Student loans not the only debt one can incur over tuition

College tuition can be incredibly expensive. Many students end up taking on debt in order to make their tuition payments. Student loans are probably the best-known type of college-related debt. However, there are other types of debt a student might incur in relation to tuition payments.

Chapter 7 bankruptcy on the rise for energy sector workers

Many Ohio residents support a move away from "traditional" sources of energy production in favor of greener options. As such, the gas, coal and oil industries have entered a decline. That shift, while perhaps better for the planet as a whole, has caused a great deal of turmoil for families who have lost their source of income. Many of those affected by this shift have had to seek Chapter 7 bankruptcy in an attempt to regain their financial footing.

Why so many athletes eventually seek Chapter 7 bankruptcy

Many Ohio residents are aware of the enormous salaries earned by the nation's top athletes. While quite a few people envy those levels of income, not many are sympathetic when an athlete faces financial ruin. It is interesting to take a closer look at why so many professional athletes end up filing for Chapter 7 bankruptcy. The reasons may come as a surprise, due to the fact that they are not vastly different from the reasons why many average earners find themselves in the same financial position.

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