Myvesta US Articles

The bankruptcy reform act of 2005 was gleefully awaited by creditors in hopes of stripping more money from consumers and preventing them from resolvng their financial problems in Chapter 7 bankruptcy. So what have we learned?

U.S. bankruptcies rose nearly 40% in 2007. I bet you thought I overlooked that story. Not at all. It was such an easy story to write that I just procrastinated doing it.

A very important cover story from Business Week about nasty creditor actions that are harming consumers.

I love to tell bankers “I told you so.” It just gives me such great satisfaction. And today I’ve got another reason to rub their face in it. It appears that the very bankruptcy reform the creditors fought so hard to shove down the throats of consumers in the early 2000 years had now come back to bite them on the butt.

Bankruptcy still remains a secret shame for most people. This is the story about how I got outed.

The Northwest Indiana store, along with 14 other stores in the Chicago area, five in St. Louis and two in Central Illinois, were included in the bankruptcy protection filing in U.S. Bankruptcy Court, Krispy Kreme spokeswoman Janie Goldberg-Dicks said.

When facing financial problems it's important to consider every possible solution.  Learn more about the bankruptcy process and determine if bankruptcy could be a good choice to help solve your financial difficulties.

There are no magic rules that will solve everyone's financial troubles. But several suggestions should help you stay out of financial hot water. If you have a family, everyone will have to participate — no one person can do all the work alone. So make sure your spouse or partner, and the kids, understand that the family is having financial difficulties and agree together to take the steps that will lead to recovery.