Not long ago the comedian known as Sinbad (a.k.a David Adkins) filed for bankruptcy. ABC News reports that Sinbad failed to pay state and federal taxes in the past and, as a result, was forced to seek bankruptcy protection. This will be Sinbad's second bankruptcy filing, the first one occurring […]
Author: Steve Williams
Understanding Debt Settlement to Avoid Scams
Sometimes there are alternatives to bankruptcy, and depending on your particular situation one of those is debt settlement. Debt Settlement is a way of working with your creditors and debt collectors to settle your outstanding debts for less than the amount that you owe. Depending on the amount of money you […]
Understanding the Basics of Personal Bankruptcy
Bankruptcy is a legal process whereby a debtor obtains a "fresh start" from his or her creditors. The United States Constitution grants Congress the exclusive power to make bankruptcy laws. This means that even though most business disputes, such as breach of contract, are governed by the laws of a […]