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The 20 Biggest Bankruptcies in United States History
The biggest bankruptcy of all time was declared by Lehman Brothers on Sept. 15, 2008. They had $691,063,000,000 in assets prior to bankruptcy. Before filing for bankruptcy, Lehman Brothers Holdings Inc. was the fourth-largest investment bank in the U.S. Due to Lehman's involvement in mortgage origination, it plummeted tremendously amid the 2008 mortgage crisis. Here are the 20 biggest bankruptcies in U.S. history and some noteworthy bankruptcies of 2017 and 2018. Created
4 things to know about building credit in the United States
For most new residents in the United States, starting a credit history is a very important step for building a solid financial foundation.
United States: Moderate growth to continue, but when will wages begin rising?
US consumers are carrying the economy in the face of slowing business investment, falling exports, and rising imports. But the strength of the consumer is largely based on a greater number of people working, rather than the increased spending power of individual workers.
How medical debt can lead to bankruptcy
Everyone faces medical issues in his or her life to some degree. Unfortunately, the issues become even more stressful when it extends to family budgets. In many instances, insurance companies design
Why Do Americans Declare Bankruptcy?
Many people believe bankruptcy to be a worst-case financial scenario. A new academic study explored the reasons behind why people declare, and it found that 66.5 percent of all bankruptcies are because of medical issues. Approximately 530,000 families go bankrupt every year because of medical issues and medical bills. Other...
Why is bankruptcy like baseball?
Geraci law knows how you feel when you’re in debt. Studies have shown most folks who would rather talk about their toilet habits or sex life than how much money or debt they have. Does this sound l…
Bankruptcy might be what you need
The calls never stop, and the bills keep coming. You never know how you are going to get through to the next paycheck. Does ... debt relief
What The Fool Got Wrong About Filing Bankruptcy
The famous poem begins, “how do I love thee? let me count the ways”. But what if it’s not love that we are counting, but loathing? Let me count the ways I loathe the Motley Fool’s article asking should I file for bankruptcy? The underlying assumption is that people in debt flock to bankruptcy as …
When Hoop Dreams Turn to Bankruptcy Nightmares
Reasons pro athletes go broke extend beyond excessive spending, though that's also a struggle for many. Short careers, poor money management skills, and extreme healthcare costs from permanent injuries are among the biggest culprits. Very few college athletes graduate with money management skills.
Older Americans are filing for bankruptcy more than ever
More than ever before, financial woes are tarnishing their golden years.
How the Sacklers' opioid lawsuit could scam the bankruptcy system
Opioids helped kill friends of mine. Even more frustrating is that this is not particularly unique or interesting. According to the US Department of Health and Human Services: More than 760,000 peo…
How advisors can help seniors with high debt or facing bankruptcy
Seniors who have a severe debt situation often want to liquidate all assets to pay off creditors, but some assets are creditor-proof
4 things that can push you into bankruptcy late in life
3 Famous People Who Bounced Back After Bankruptcy
Whether you have big business goals in mind or are just
Study Finds Student Debt Crisis Is Hitting These 10 States the Hardest
Find out which states are notorious for leaving graduates with the most student loan debt
Why college loans are the worst debt
You can't deduct the interest or get rid of it in bankruptcy, and you'll need gainful employment to repay it
Want to Get Out of Student Loan Debt? Don't Move to These 5 States
According to the latest data, these five states are the worst for people who have student loans
How United Airlines Mortgaged Its Frequent-Flier Program
Loyalty programs are providing a cash buffer that may stave off bankruptcy.
These Loans Aim to Help Borrowers Build a Credit History
Two financial tech start-ups are offering credit-builder loans, which also help customers grow their savings.
Many states are flunking when it comes to teaching kids about money
Students who learn about money in school have higher credit scores. Yet many classrooms still don't bring up finances.
States Want To Help Low-Income Workers Save More, But Can They?
Many lower-income workers face growing economic instability. To help them, state policymakers are trying to make it easier for people to save. But can low-income workers actually save, especially at a time of slow income growth and increasingly unstable incomes?
