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Bankruptcy May Be Your Option

March 2017 Archives

March, April see uptick in Chapter 7 filings

For those in Oklahoma who have not filed their taxes yet, they likely plan to do so soon. While many people are planning how to blow their return, others are considering ways to use their return to provide future financial security. For some, this means using their return to pay for fees associated with filing for Chapter 7 bankruptcy.

Payless Shoes reportedly considers bankruptcy

Many retail stores have experienced financial struggles recently. Several businesses in Oklahoma and across the country have made the decision to seek bankruptcy protection after realizing they would be unable to manage their debt. Some reports indicate that Payless Shoes may be the next store to follow this path.

Interest rate hike could impact those with credit card debt

There are many signs of a strong economy. While the United State's economy has spent the last several years struggling to overcome the 2008 depression, the Federal Reserve's recent decision to increase interest rates by a quarter of a percentage point is considered by many to be an indicator that the economy is stronger. However, this change could have an unfortunate consequence for those holding credit card debt in Oklahoma and across the country.

Another retailer seeks Chapter 11 reorganization

Since the advent of the internet, many things have changed in the United States. Consumers in Oklahoma and across the country have changed how they shop and pay their bills, for example. Unfortunately, these changes are having an effect on many retailers across the country. As more people turn to online shopping, some stores located in malls and other locations are struggling, prompting them to seek a reorganization of their debt through a Chapter 11 bankruptcy filing.

Another retailer mulls Chapter 11 bankruptcy

Businesses in Oklahoma and across the country often experience periods of highs and lows. Unfortunately, some companies find themselves unable to recover from a period of low sales and losses. For these companies, there are options that can help, including filing for Chapter 11 bankruptcy.

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