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December 2017 Archives

Former top company files for Chapter 7 bankruptcy

A company that saw its shares drop down to fractions of a penny has closed its doors for the last time, according to local business news. Kentucky residents who follow business trends may be familiar with CD International Enterprises, which filed for Chapter 7 bankruptcy in December 2017. So far, no public comment has been made by the company, but the bankruptcy should be well underway as of this report. 

Learning to live after filing bankruptcy

Many people rely on credit cards and other lines of credit to cover regular life expenses. When the bills from these credit accounts become overwhelming, there comes a point when you might realize that you need to do something. One answer to this is filing bankruptcy.

Data company files for Chapter 7

A prolonged legal battle with a competitor has led to a prominent data company closing its doors, according to business news local to the company. Kentucky IT and real estate professionals may be aware of Xceligent, a commercial real estate data company based in a neighboring state. Founded in 1999, the company has now filed for Chapter 7 bankruptcy after a sustained court battle with another company. 

Determining the efficacy of Chapter 7 bankruptcy

For elderly people, financial stability is perhaps even more important than it has ever been. Kentucky residents of retirement age know that looking after debts is of paramount importance, especially considering the litany of ailments that can influence a senior citizen's ability to make sound decisions for himself or herself. For those facing insurmountable debt, the support of financial experts can help to determine the right course to financial stability, be it consolidation, Chapter 7 bankruptcy or some other tactic. 

Chapter 7 bankruptcy can help curb credit card debt

U.S. residents struggle with some of the highest per-household debt rates in the world. Unsecured debt like credit card debt can swamp a Kentucky family, leaving the household to struggle under the weight of high interest rates. It may be helpful, in the face of rising credit card use, to consider options for debt relief, from consolidation to Chapter 7 bankruptcy. 

Use all available means to get out of debt

When you get into a serious financial jam, it can be difficult to extricate yourself from a mountain of crushing debt. But before you resign yourself to a life of living paycheck to paycheck and dodging creditors, rethink your relationship with money and credit.