Saab Files for Bankruptcy Protection

Dutch businessman Victor Muller, the owner of Saab, has filed for bankruptcy protection. The move appears to be a last ditch effort to save the Swedish Automobile company which has been paralyzed by production standstills, mounting debt, and salary issues. Currently, Swedish Automobile has unpaid bills totaling $210 million; said Muller. The Saab factory in […]

Your Credit Score During Bankruptcy

Most people who are in the process of filing bankruptcy are understandably concerned with their credit scores. There are a few things to know about your credit score when you are filing bankruptcy. During the few months it takes for a Chapter 7 bankruptcy case, or the up to 5 years for a Chapter 13 […]

United States Postal Service Bankruptcy

No matter what the treacherous weather conditions may be, the United States Postal Service always manages to deliver our mail in a timely manner. So, what could possibly stop the U.S. Postal Service from making deliveries? Bankruptcy. Why is the U.S. Postal Service in such bad shaped financially? Times have changes, and emails have almost […]

Famous People Who Have Filed for Bankruptcy Part 3

Kim Basinger 1953- The actress most notable for her role as Lynn Bracken in L.A. Confidential from which she won an Oscar for best actress in a supporting role, experienced great financial success after a string of prosperous movie roles. Due to her successful movie career, Basinger earned enough money to purchase the town of […]

Famous People Who Have Filed for Bankruptcy Part 2

Milton Snavely Hershey 1857-1945 Mr. Hershey, the founder of Hershey’s chocolate had only a 4th grade education, but he was determined to create a good product that the public would want to purchase. Hershey started four candy companies that failed and he filed for bankruptcy. His fifth attempt was what is now the tremendously successful […]

Famous People Who Have Filed for Bankruptcy

Filing for bankruptcy has historically had a negative societal stigma unnecessarily. Even in 2011, when everyone knows someone who has filed for bankruptcy, the fear of what people will think of them, and what their financial future will be keeps many people tied up in disastrous financial situations. Back in the late 1990s, 1% of […]

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