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MC Sports liquidating stores after declaring bankruptcy

MC Sports, a retail store selling sporting goods, apparel, firearms and other such items, has declared bankruptcy. The company is using Chapter 11 bankruptcy, and reports indicate that part of the process will include liquidating stores. The parent company that runs MC Sports is Michigan Sporting Goods Distributors. However, it has spread out over the […]

Bankruptcy in Wisconsin hits a 9-year low

Bankruptcy filings in Wisconsin have not been this low in nearly a decade. They hit a nine-year low in 2016, according to new reports. However, if you’re thinking that means almost no one filed for bankruptcy last year, the numbers do tell a different story. There were still 16,800 bankruptcy filings in the state. That’s […]

Report says problem gamblers average $38,000 in debt

It’s true that many people gamble a little bit — buying a lottery ticket when the payout hits a historic high, for instance, or going to the casino at a vacation resort — and don’t run into serious issues. However, for those considered “problem gamblers,” a new report claims they average $38,000 in debt. You […]

You can file for bankruptcy, even with a job and a good income

There is sometimes a stereotype about bankruptcy, in which people believe they have to be in absolutely dire straights to file. They need to be unemployed, swamped in debt, facing foreclosure, and with no other way out. Certainly, you can file in that situation, but you should know that you can also file even if […]

Young professionals and medical debt: Negotiate a better deal

As a young professional, you have a lot on your plate in regards to your finances. Not only are you in the process of getting your career off the ground, but you may be faced with mounting debt. For example, student loans have a way of biting into your monthly income. The same holds true […]

What if your spouse files for Chapter 7 bankruptcy?

You and your spouse have plenty of joint accounts. You opened a credit card account together, you bought a house, and you bought a new car. You both co-signed on everything because it made it easier to get the loans that you wanted. Now, your spouse has decided that he or she can’t pay the […]