bankrupt

Five Key Tips for Life After Bankruptcy

Rebuilding your life after bankruptcy %u2013 including your credit rating, finances and your emotional well-being %u2013 can sometimes seem like an overwhelming task. But if you've recently filed for Chapter 7 or Chapter 13, it's important to realize that there really is life after bankruptcy.

Social Security Isn't Broke, But We Still Should Fix It

It's true that Social Security paid out more than it collected in 2010. But the Trust Fund owns $2.6 trillion in Treasury bonds, and though some people may claim those holdings are an illusion, they aren't. Still, there are some fairly painless steps we could take to shore up the program's balance sheet for the long term.

If You Can't Afford Your Student Loans, Don't Borrow More

On a recent Today Show Money 911 segment, a caller said she'd filed for bankruptcy -- but that didn't free her from her student loans. She then asked how bankruptcy would affect her ability to get more student loans. Clearly, she isn't learning the right lesson from Chapter 11.

Japan Airlines to Cut 16,000 Jobs in Restructuring

Japan Airlines plans to slash its workforce and reduce the number of planes in its fleet as part of its bankruptcy restructuring. The airline aims to eliminate more than 16,000 positions, BBC News reported. Some of these reductions will come through early retirement and the sale of subsidiaries.