There is often an argument that those who have received a significant inheritance should not be in a position to require the protection of a bankruptcy petition. As we know, in life, not everything is black and white, and an inheritance is certainly not going to preclude you from filing for bankruptcy. However, inheritances themselves can be tricky, so if bankruptcy is an option, then a chat with a bankruptcy lawyer may be in order to determine how that inheritance is going to affect any bankruptcy petition.

Generally speaking, any inheritance received in the 180 days prior to filing for bankruptcy needs to be included in the bankruptcy estate.

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Your credit score is a helpful number to know before borrowing money and could save you thousands of dollars. However, by the time a consumer decides to consider bankruptcy, late payments and other credit issues have typically made monitoring your credit score irrelevant.

A new lawsuit filed in a California federal court is going after Experian and its popular credit score monitoring services.

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According to the Associated Press, the Los Angeles Dodger filed for bankruptcy protection Monday morning in a Delaware Court. The Dodgers contend that Major League Baseball league is to blame for not approving a multi-billion dollar television deal. This deal apparently was needed to keep the Dodgers team solvent.

The Dodgers television deal was supposed to be with Fox Sports and was worth up to $3 billion, but baseball Commissioner Bud Selig refused to approve the deal. This refusal left McCourt cash-strapped and the Dodgers may have been unable to make payroll this week. Full Post…

John McMonigle made his name by selling some of the most expensive homes in America. But now he has some of the steepest debt in the nation and is filing Chapter 7 bankruptcy.

While he was with Coldwell Banker McMonigle was routinely one of the company’s top salespeople in terms of dollar amount, the OC Register reports. But after starting his own firm he encountered a series of problems. Lenders tightened up, prices fell on his properties, sometimes by tens of millions of dollars, and he began divorce proceedings with his wife.

McMonigle and his business list more than $50 million in debt against less than $10 million in assets. D

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