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February 2019 Archives

Be cautious when using credit cards following bankruptcy

People who have filed for bankruptcy are often aware of the impact it can have on their credit report. Once the bankruptcy is discharged, it can be challenging for debtors to find ways to rebuild their credit. Some credit card companies focus their efforts on enrolling people who have filed for bankruptcy, highlighting the benefits that having a credit card can have when rebuilding credit and increasing their credit score. It is important that debtors are aware of the dangers certain credit cards bring, as they may lead them into debt even after they have filed for bankruptcy.

Rural hospital hopes Chapter 11 will lead to better future

When businesses in Rockville are forced into bankruptcy, it is rarely due to one single reason. Rather, a unique (and unanticipated) confluence of factors contributes to it experiencing financial struggles. Oftentimes alternative revenue streams may be available to offset major losses, but when a company specializes in a single service, finding other sources of funds can be difficult. Ultimately, bankruptcy might be the only option if a struggling company wants to stay in business. 

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