(215) 735-1060

contact us now For A

Free Consultation!

Bankruptcy Blog


What Happened Each Time Donald Trump Declared Bankruptcy

Jul 25, 2018 By: Mike Cibik

  How Trump’s Bankruptcies Differ from Others   Any business person will tell you that declaring bankruptcy is a common practice. Now when we say bankruptcy, we are talking about a business bankruptcy and not a personal bankruptcy. This is how a business is able to stay afloat unless the owner decides to sell it….


birds eye view of a toys r us from the 1990s

What Factors Led Toys “R” Us To File For Bankruptcy?

Jul 17, 2018 By: Mike Cibik

  In 1948, Charles Lazarus founded Toys “R” Us, what would eventually become a world leader in the sale of all things play. With over 800 stores in the United State at the beginning of 2018, consumers were completely unaware of the trouble that lurked just around the corner for the large toy chain. Most…


ticking clock with the word bankruptcy on it

Can a Reaffirmation Agreement Help When You File for Bankruptcy?

Jul 09, 2018 By: Mike Cibik

  What is a Reaffirmation Agreement and How Does it Help a Chapter 7 Bankruptcy? Chapter 7 bankruptcy controls the process of asset liquidation. The first question that is typically asked under this type of filing is the order in which debts must be paid and if the current debts are secured or unsecured. A…


graduation cap sitting on top of a pile of $20 bills

What Happens to Your Student Loans When You File for Bankruptcy?

Jul 02, 2018 By: Mike Cibik

  When we reach a point in our financial lives where bankruptcy seems like the only way out, it is important to consider the ramifications of such a decision. Specifically, as a graduate student, you may be overwhelmed with debt and may be considering the possibility of filing for bankruptcy in an effort to get…


closed sign hanging on door for store

Some of the Biggest Companies that had to File for Bankruptcy

Jun 25, 2018 By: Mike Cibik

  There comes the point in a company’s lifespan where it must decide whether to file for bankruptcy to save it from being broken up or fading away. The primary reason for filing is debt. By filing Chapter 11, a company can still keep operating while it settles on a payment plan by the bankruptcy…


walt disney drawing mickey mouse on a chalkboard

Did You File for Bankruptcy? These Celebrities Have Filed Before

Jun 18, 2018 By: Mike Cibik

  Bankruptcy does not discriminate. It doesn’t care if where you come from, what your occupation is or how much money you have in the bank. Most people assume bankruptcy is associated with people who are careless with their spending. However, bankruptcy happens for a myriad of reasons. For celebrities, there are many reasons why…


Bankruptcy Law Awards/Associations

We are a debt relief agency that helps people
seek bankruptcy protection under federal law