$45,000 in debt and considering claiming bankruptcy. As the title says, I am $45,000 in debt. $22,000 towards my car, and $23,000 spread across (mostly) credit cards and some previous debt-consolidating personal loans. This is not including my current expenses, like rent, gas, groceries, and insurances. After fleeing to Oregon, I have been moving backwards with every pay period. The tax burden i…

FTX Bankruptcy Burning Through $1.5M in Legal Costs Every Day Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.

Is bankruptcy an option at 24? Cards: $2,500/33,000 NFCU More Rewards $6,800/8,000 Discover IT $0/3,200 Citibank Costco $0/1,100 Capital One Savor $0/1,000 NFCU More Rewards Consolidation loans: $15,500 NFCU $13,500 Discover Student loan balance: $20,901.00 Car note: $24,000 (upside down trade in, but paid in advance until 04/2024) Income: $65,000 before tax. Credit s…

Celsius Creditors to Vote on Bankruptcy-Escape Plan After Judicial Approval Creditors will have a month to mull the sale to Fahrenheit, which court filings say could see them recover 67%-85% of holdings.

Genesis, FTX Strike Deal for $175M Bankruptcy Claim Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.

Sandy Hook Families Say Alex Jones Cannot Hide Behind Bankruptcy They told a judge that Mr. Jones should not be allowed to use a Chapter 11 filing to skirt more than $1 billion in damages awarded for his lies.

Discharging Student Loans in Bankruptcy Show Mixed Results Last year, the Biden administration provided a new path to make it easier to discharge student loans in bankruptcy. The results appear promising, but success has been limited.

From $40 billion to ‘going concern’ — WeWork warns of possible bankruptcy With losses mounting and cash dwindling, WeWork said in a filing that there’s doubt about its potential as a “going concern.”

Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan The world’s largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings.

Should I file Bankruptcy? Need advice. I’m a 27 year old man who is about $30,000 in debt overall. My credit score is about a 600 now. I have several credit cards and a loan that I owe on. I owe my credit Union about $7000 for a personal loan they gave me and $4000 on a credit card I have through them. I also owe about $8000 on a carecredit card in my name that has since been closed …

Yellow, the Freight-Trucking Company, Declares Bankruptcy A pandemic-era lifeline that the Trump administration predicted would turn a profit for the federal government failed to keep Yellow afloat.

Bankruptcy – Good Choice? My partner and I are about $300,000 in debt (broken down below) and because of them losing their job over a year ago, our ability to pay this debt down is basically impossible on just my income. My credit is shot to hell because of missed payments so I don’t have anything to lose for that. I have read a bit about bankruptcy but need more informa…

Is bankruptcy the best option? My wife and I have accumulated a great deal of debt. $14k in credit card debt,, $4k in a loan, $6,800 in medical bills and about $35k on our car. Between the credit cards and personal loan we spend nearly $700 a month, the loan will slowly be paid off but the credit cards are just interest. We make a little over $80k a year combined and I’m star…

FTX Wants Dubai Unit Removed From U.S. Bankruptcy Proceedings Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings.

DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon Digital Currency Group comments on the restructuring in an investor letter.

Bankruptcy an option? 133K in debt (50k personal loans, 83k CCs, all 20-29ish APRs). Income is 120k per year. No assets besides one vehicle that I will likely be selling shortly (fully paid off, worth 7-9k probably) and my 401k that has 31k or so. Just moved contributions down to just meet the employer match. Minimum payments are about $4200 per month right now. Pa…

I have 45k in credit card debt and am unsure what to do. Should I look into bankruptcy? Or just put everything I can into paying them off? The debt came from irresponsible spending, a rough break up and change in life circumstances, and vet bills. At this point, I’m holding myself to a fairly strict budget but any advice is appreciated. I currently make 83k/year – roughly $4500 take home pay monthly. My total monthly expenses including rent are about $2500. I don’t own a home and …

FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.

Is filing bankruptcy as bad of an idea as I think it is? I (23f) am considering filing a chapter 7 bankruptcy (reside in GA). I currently have $26,392 in personal loan debt due to my ex & have around $3500 in credit card debt (which at this point will probably increase as I don’t think I can afford the minimums for all the balances). I cannot recoup these costs from my ex as even if I were to try to s…

FTX Users Potentially Targeted in Possible Phishing Attack as Bankruptcy Claims Deadline Nears Multiple FTX users have received a “reset password” request from the defunct exchange’s official email address as it appears a hacker is attempting to secure control of user’s bankruptcy claims.