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Law Firm of Kevin D. Judd, P.L.L.C.
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The Maryland and Washington DC bankruptcy Law Firm of Kevin D. Judd has enabled many individuals to obtain a fresh start on their finances.
The Maryland and Washington DC bankruptcy Law Firm of Kevin D. Judd has enabled many individuals to obtain a fresh start on their finances.

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How to Rebuild Credit and Get Loans after Bankruptcy: Credit is somewhat of an ironic thing. The best way to get it is if you already have it. If you don’t have it, it can be difficult to obtain. Bad credit begets bad credit, which makes it harder to get loans, and the ones you do get can have expensive payments, leading to you falling behind on payments, leading to – you guessed it – worse credit. It is a black hole that can suck you in if you are not attentive to it, and like black holes, it can be impossible to pull yourself out once you’re in too deep. Bankruptcy can make a bad credit problem worse – for a long while. So, how does one dig themselves out of a credit pit after exiting bankruptcy? Start small. Credit cards are an excellent way to rebuild credit long-term, as long as you know how to be responsible... Read More » The post How to Rebuild Credit and Get Loans after Bankruptcy appeared first on Judd Law Firm. http://bit.ly/2gJQQqG #Bankruptcy #CreditCardDebt

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Bankruptcy Success Stories: Gymboree and More: Gymboree Group Inc., the owner of children’s clothing chain Gymboree, recently announced it was emerging successfully from Chapter 11 bankruptcy. Earlier this year, Gymboree downsized the number of stores it has, shedding just under 350. It entered into bankruptcy with a plan, was approved by creditors and is now on track to begin repaying its debts. Now, the company must maintain market share and profitability in an increasingly competitive retail environment. Business Bankruptcy Success Stories Some companies, upon filing for bankruptcy, simply fade away into the annals of failed business history. But bankruptcy can be a very valuable tool to help a business owner preserve the company. Here are some examples of successful business bankruptcies and where they are now. American Airlines filed for bankruptcy, as many major airliners have at one point or another, in 2011. Three years later, American finished a merger with U.S. Airways Group to form... Read More » The post Bankruptcy Success Stories: Gymboree and More appeared first on Judd Law Firm. http://bit.ly/2gp2J5g #Chapter11Bankruptcy #Bankruptcy
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Will the Toys ‘R’ Us Bankruptcy Hurt Other Companies?: It was only a few weeks ago that Toys ‘R’ Us announced it would file for Chapter 11 bankruptcy, just shy of the holiday season. But Toys ‘R’ Us may not be the only company to suffer as it takes this step to restructure its debts. For toy manufacturers Hasbro and Mattel, Toys ‘R’ Us is the second biggest customer (behind Wal-Mart). Will the bankruptcy hurt those companies? When the first rumors started to swirl regarding a potential bankruptcy filing by the retail toy giant, shares for Mattel and Hasbro fell slightly. But when the rumors turned out to be true, Hasbro and Mattel bounced back. And going into the holiday season, it seems they will do just fine. The two companies have lowered their dependence on brick-and-mortar toy stores as online shopping becomes more and more popular. However, some questions remain. Mattel and Hasbro are Toys ‘R’ Us’ second... Read More » The post Will the Toys ‘R’ Us Bankruptcy Hurt Other Companies? appeared first on Judd Law Firm. http://bit.ly/2xMdCYM #Chapter11Bankruptcy #ToysRUs

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The Story Behind Toys ‘R’ Us and Its Bankruptcy: What happened to Toys ‘R’ Us? The retailer recently filed for bankruptcy protection. However, it intends to keep its stores open for the holiday season. The company hopes to use bankruptcy to restructure its debts, totaling $5 billion. Chairman and CEO Dave Brandon said that the financial flexibility afforded by bankruptcy will help the company strengthen its competitive position. Is it just Toys ‘R’ Us, though? Or is the potential failure of the big box toy giant a sign of things to come? Is the Retail Industry Dying? News stories were being written as early as February of this year pointing to Toys ‘R’ Us as the next potential victim of the fall of retail. That month, news came out that the company laid off between 10 and 15 percent of its corporate employees. Overall toy sales during the holiday season fell 2.5 percent in the U.S. and 4.9 percent... Read More » The post The Story Behind Toys ‘R’ Us and Its Bankruptcy appeared first on Judd Law Firm. http://bit.ly/2fMjtmC #Bankruptcy #ToysRUs

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One of the world’s largest offshore drilling fleets is seeking bankruptcy protection http://dlvr.it/Ppnjlz

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Should I File for Chapter 7 or Chapter 13 Bankruptcy?: When bankruptcy is filed in the U.S., it is typically one of two types: Chapter 7 or Chapter 13. How does one decide which to file for? Chapter 7 bankruptcy can be thought of as a liquidation bankruptcy. Chapter 11 can be thought of as a reorganization bankruptcy. Under Chapter 7, individuals and business entities are able to file. Under Chapter 13, only individuals, including sole proprietors, are able to file. Benefits of Chapter 7 Over Chapter 13 Typically, Chapter 7 is the quicker option. Under Chapter 7, you are able to keep most of your property, and you aren’t locked into a long-term repayment plan. If you don’t have a lot of property you wish to keep, or you have a lot of credit card, medical or personal loan debt and your family income doesn’t exceed the state median for a family the same size as yours, Chapter 7... Read More » The post Should I File for Chapter 7 or Chapter 13 Bankruptcy? appeared first on Judd Law Firm. http://bit.ly/2fvulFb #Bankruptcy #BankruptcyDosAndDonts

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Fyre Festival Files for Bankruptcy After Disastrous 2017: The Fyre Festival, as it was advertised, was a two-weekend music festival that was supposed to take place on the island of Great Exuma in the Bahamas. The event was widely promoted by celebrities including Kendall Jenner, Bella Hadid and Emily Ratajkowski. It was organized by Billy McFarland and Ja Rule. Prior to the festival, the showrunners experienced a wide variety of setbacks. And when the guests began to arrive, it was clear that the festival was not going to be the ultra-ritzy, fun getaway they were promised. Now, Fyre Fest LLC has filed for Chapter 7 bankruptcy. Fyre Fest allegedly promised repayments of $530,000 for investors’ investment in the festival. Fyre Fest was supposed to pay by May, but investors never got the money. The Fyre Fest Fiasco Guests paid at least $1,500 each for tickets to the swanky music festival. Advertising for the festival showed private jets, plush... Read More » The post Fyre Festival Files for Bankruptcy After Disastrous 2017 appeared first on Judd Law Firm. http://bit.ly/2gVouN8 #Chapter7Bankruptcy #Chapter7

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What’s left of Hurricane Harvey is still very dangerous and is going to continue to hammer the coast. Here are some ways you can help the victims http://dlvr.it/PlhV9F
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