A federal bankruptcy judge set Oct. 8 as the settlement date for the sale of the Philadelphia Inquirer and Daily News, the Inquirer reported Thursday.

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A lot of people think that bankruptcy is in favor of the creditors, but a recent ruling from an appeals court proves the opposite. The case involved a married couple that didn’t include all of their social security income in their Chapter 13 payment plan. Their bankruptcy trustee argued they were not acting in “good faith” and tried to get that money, but the courts ruled in favor of the debtors protecting their social security income.

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After having a bankruptcy, it may seem like your troubles are only continuing, not getting better. If you originally went into debt because you have bad money management, don’t let it happen again. Get counseling and go to classes.

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If you are in serious debt, you may think that filing for bankruptcy is your only hope, but before doing so make sure you know all the facts and keep in mind that bankruptcy should be your last resort. Bankruptcy is when a business or individual legally declared inability to pay its creditors. There are different types of bankruptcy such as Chapter 9, Chapter 13, and more.

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If you have excessive debt and are thinking about declaring bankruptcy you need to know the facts. After reading this article you will know the basics that can help you decide if filing for bankruptcy is in your future or not. Keep in mind bankruptcy is not for small amounts of debt and it won’t eliminate every dollar of your debt.

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If you are in debt and weighing your options, bankruptcy may be going through your mind. But when should someone file for bankruptcy? If you are over $10k in debt you can get help with a debt settlement.

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Malcom Bell, a 45-year-old Illinois hedge fund manager who played a role in Tom Petters’ fraud scheme, was sentenced today in federal court in St. Paul to six years in prison on one count of wire fraud.

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