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Home | Tag Archives: Bankruptcy

Tag Archives: Bankruptcy

Ohio Senator Introduces Bill to Improve Accuracy of Consumer Credit Reporting

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"During the financial crisis, more than 50 million people saw their credit scores fall due to foreclosures and financial hardships," Brown said. "Many turned to bankruptcy, but are still haunted by debt on their credit report that they no longer owe. This bill would ensure that debts prior to bankruptcy aren’t in effect double counted and don’t continue to make it difficult for consumers to get a job or secure a loan for a home."

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Wingspan Portfolio Advisors Files For Bankruptcy

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Wingspan Portfolio Advisors filed for Chapter 7 bankruptcy on Tuesday in the United States Bankruptcy Court for the Eastern District of Texas, the court confirmed to DS News. In a Chapter 7 bankruptcy, the company ceases operations while a trustee liquidates a company's assets in order to pay off debt. A company in Chapter 7 bankruptcy continues operations only if the trustee decides to continue.

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