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August 2013 Archives

Actress's custody battle leads to bankruptcy

One of the stars of the now off-air Gossip Girl is struggling through a child custody battle with her ex-husband even as she goes through the bankruptcy process. In fact, the custody battle is what Ms. Kelly Rutherford says led to her bankruptcy to begin with, as she had to spend her earnings from the show and her savings and investments to continue to seek custody of her children who were allowed by a judge to move to a different country with their father after his U.S. citizenship was revoked. 

Reality stars face criminal charges after bankruptcy filing

As with any financial proceeding, it is essential that bankruptcy filings be accurate and properly submitted. Since the process can be complex and it might be difficult to understand all of the requirements of bankruptcy and what sort of disclosures are needed, many people struggle to complete the process without the help of experienced counsel.

Millions of Americans have no formal credit

Did you know that nearly 64 million people in the United States have no credit score? People who do not have a credit score are often those who have not had an active credit account or loan during the previous six months. These types of borrowers are often seen as risky investments for banks, but new research is showing that they may be more financially secure than they appear.

Detroit bankruptcy mirrors struggles of many Michigan families

As the news of Michigan's largest city declaring bankruptcy has been developing, we've been following the story to see how it might impact Wayne County residents and others around the state. Detroit's decision to file for bankruptcy did not come as a surprise to many in the area since the city's financial troubles are well-known. Just like a business or a family that has fallen on hard times and struggled to recover, the city of Detroit must now focus efforts on getting back on its feet, paying back debtors, and charting a path towards a brighter future.

Reduced traffic blamed for Detroit tunnel's bankruptcy

Bankruptcy news has touched the city of Detroit, and now it has crossed over to  a tunnel in the city -- specifically, the Detroit-Windsor Tunnel, which connects Detroit to Windsor, Ontario. The U.S. side of the tunnel is operated by a privately-held company called American Roads LLC.

Woman receives $18.6 million settlement from Equifax

Earlier this week, a jury in Oregon awarded a woman $18.6 million after she tried unsuccessfully to clear discrepancies on her credit report from the Equifax credit reporting agency. According to the suit, the credit agency mixed her information with that of another person, which made it appear that she had accumulated a significant amount of debt and prevented her from securing credit from banks.

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    Posted by MaryDecember 11, 2015

    "I am overwhelmed by your response to my call, even 10 years after my bankruptcy was discharged. You have more knowledge and expertise than I could have imagined. Because of you, my fears have been put to rest. For that, I'm so very grateful. Thank you many times over. "

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    Posted by ClientOctober 26, 2010

    "... I was extremely impressed with Charles' understanding of the bankruptcy laws to the extent that I felt certain that my best interests were always at the forefront. "

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    Posted by MarleneJanuary 8, 2014

    He helped me thru my 1st bankruptcy and now the second. I had no idea what to expect , but they kept me informed and answered all my questions. Mr. Schneider is the most experienced and knowledgeable lawyer I have ever met. If you have to file call this attorney first!

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