Recently in Other Bankruptcy News Category

Deciding on the right bankruptcy attorney can be just as draining as the bankruptcy process itself. If you don't know what to look for in a lawyer, the whole experience of researching and meeting with potential attorneys can be pretty overwhelming.

Don't worry. We've got you covered. Here are five tips to help you find the bankruptcy lawyer who's right for you:

Bankruptcy might sound scary. But sometimes, it's reassuring to know that others have been there and pulled through it.

Some of these people are famous and some even went on to make history.

Here are a few famous people who have declared bankruptcy and survived, courtesy of CNN:

The City of Stockton, California, is heading further into the bankruptcy process. Next month,the city will go to trial to see if bankruptcy is even a possibility.

While bankruptcy is typically the type of thing that individuals and businesses go through, it’s not unknown for a municipality or county to declare bankruptcy.

A U.S. District Judge just tacked a few more months onto Lenny Dykstra's prison stay. The All-Star outfielder-turned-financial guru is currently serving a three-year prison sentence for grand theft auto.

Earlier in the year, Dykstra was accused of fraudulently concealing assets during his recent bankruptcy. The former ballplayer was found guilty and sentenced to six and a half months in prison and 500 hours of community service, The Associated Press reports.

Cobb, DeKalb, and Fulton counties have filed a lawsuit against HSBC, claiming the bank engaged in predatory lending practices, Channel 2 Action News reports.

The suit, filed in federal court, claims violations of the Fair Housing Act. The counties allege that HSBC made racially discriminatory loans, involving different terms for minorities and persons of color.

Defunct solar-panel maker Solyndra has released its bankruptcy plan, and a lot of people aren’t happy about it.

Under the plan, Solyndra would pay off only a fraction of the $528 million in federally backed loan debt it owes the government, Market Watch reports. On top of that, the company is set to benefit from hundreds of millions of dollars of tax breaks when it exits bankruptcy as a shell company.

Loose seats could be the straw that breaks the camel's back in American Airlines' bankruptcy case.

The bankrupt airline has been hoping to exit bankruptcy on its own. However, maintenance issues and labor disputes are making a merger with US Airways more likely, Fox News reports.

With so many former professional athletes filing for bankruptcy, most of us are left wondering, "Where did all the money go?" Earlier in the year, we offered a few reasons why players go broke.

Now ESPN will try to answer the question with its new documentary "Broke." The documentary offers a "step by step guide on how to go broke" through interviews with current and former athletes who have blown their cash, The Wall Street Journal reports.

As a primer, below, we've included just a few of the professional athletes who've filed for bankruptcy this year:

The man responsible for inflicting "Your Body is a Wonderland" on the world has been mentioned in a $100 million Ponzi-sceme bankruptcy case, The Wall Street Journal reports.

John Mayer fans can exhale. The singer hasn't been implicated in the scheme. He was merely paid with Ponzi scheme funds for a performance at a corporate event, the lawsuit asserts.

Chances are, your favorite rapper has a lot less money than you think. They may be rolling on dubs and popping bottles, but that kind of swag comes at a price. Nas, Swizz Beats, and Roc-A-Fella co-founder Damon Dash are all cash-strapped, according to Refined Hype.

So what causes rappers to go broke? Below, we've included five of the biggest drains on rappers' finances.