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Bankruptcy May Be Your Option

November 2017 Archives

Cumulus Media seeks Chapter 11 reorganization

Regardless of the size of a business, it can struggle for a variety of different reasons. Often, overwhelming debt pushes businesses in Oklahoma and across the country to contemplate difficult decisions. In fact, Cumulus Media Inc. has recently made the decision to file for Chapter 11 bankruptcy protection.

More older people seeking bankruptcy protection

Often, people in Oklahoma spend a great deal of time planning for their future. Regardless of their financial planning, some still find themselves facing unexpected hardships later in life. In order to manage these hardships, they often turn to bankruptcy protection in order to stop the harassment from debt collectors.

Rising debt could indicate need for debt relief

There are many necessities in life. For example, for people in Oklahoma to be able to meet the needs of their families, they must be able to work. To work, they may need a car in order to drive back and forth. Often, this causes people to seek out loans, which may ultimately create the need for debt relief. Recent reports indicate that the amount of debt that the average household in the United States holds has increased in the third quarter of 2017.

LuLaRoe consultants seek personal bankruptcy protection

It is almost impossible for people in Oklahoma and across the country to utilize a social media platform without seeing a friend or acquaintance discuss the products they are promoting or the businesses they want others to become involved in. Unfortunately claims of the great business successes that these people claim often do not come to fruition. In fact, some people who have bought into these businesses have found themselves struggling financially as a result, often prompting them to seek personal bankruptcy protection.

The means test while filing for Chapter 7 bankruptcy

Many people in Oklahoma find themselves struggling with overwhelming debt. When they have exhausted many of their options to manage debt, they often decide to pursue Chapter 7 bankruptcy protection. However, before such a petition is approved, those requesting such protection must pass a means test.

Georgia-Pacific LLC affiliate seeks Chapter 11 protection

There are many unexpected financial obstacles that businesses in Oklahoma and across the country face. While many retailers, for example, have been struggling as some consumers switch to making the bulk of their purchases online, some manufacturers are struggling as a result of litigation related to products containing asbestos. An affiliate of Georgia-Pacific LLC, Bestwall LLC, has recently sought Chapter 11 bankruptcy protection over such litigation.

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