News & Blog Updates

We’re coming up on completing the first third of 2008, and, from my point of view as a student of economic news, it’s been a really mixed bag, with good and bad news both coming at us fast and furious. Read More

So, your small business is starting to show signs of financial stress. You’ve followed the advice in my earlier bankruptcy blog and kept the taxes and basic bills paid, cutting back on expenses wherever possible, all the while negotiating more Read More

A couple of months ago in my bankruptcy blog, I talked about the Federal Reserve Bank starting a new system of holding auctions to provide cash for banks in addition to regular discount loans. Customers for the Fed’s newest lending Read More

At the beginning of the month, ATA Airlines closed forever, two years after a Chapter 11 Reorganization. In several earlier blogs, I explained that bankruptcy is meant to buy time for businesses to work out a plan and, hopefully, get Read More

In an earlier bankruptcy blog I passed along the story of the Australian man who is auctioning “his entire life” on eBay. In his case, it’s not a bankruptcy sale, but an effort by this man to get rid of Read More

Always an avid reader of news from around the world, I was a little amused by a recent feature story about a man in Perth, Australia who says he’s putting “his entire life” up for auction on the Internet. Ian Read More

A Florida-based bankruptcy attorney colleague, observing the falling real estate prices, the rising credit card delinquencies, the increasing number of home foreclosures and layoffs in his state’s once-booming construction industry, comments that bankruptcy is beginning to look like the only Read More

Last week in this blog I wrote about how the Pentagon views soldiers and sailors who are deep in debt as security risks. For this reason, the Pentagon is not clearing certain enlisted men and women to serve overseas. As Read More

We’ve been seeing an awful lot of press and hearing many political speeches on the subject of personal bankruptcies and about home foreclosures. In my bankruptcy blog recently, I’ve been writing about some of the different strategies I discuss with Read More

We may all agree we owe our troops a debt of gratitude, but the Pentagon has had to worry about debts of a more tangible sort that affect soldiers’ ability to do their jobs. As a bankruptcy attorney in Indiana, Read More

Not two months ago, I wrote a blog called “It’s Not Good When Gold Glitters”, explaining that, at times when investors are worried about stocks, gold prices tend to rise. When investors worry about inflation (meaning their dollars are losing Read More

As far back as eight to ten years ago, when rising bankruptcy rates began being the stuff of headlines, researchers debated whether the cause of all those bankruptcies was spendthrift consumerism. Some commentators were saying that small business bankruptcies were Read More