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January 2014 Archives

Your financial planner filed for personal bankruptcy: What next?

You trust your financial planner to have your best interests at heart when it comes to money. Further, most financial planners are thought to be knowledgeable, forthright and even conservative to some measure. What happens, then, when your financial planner files for personal bankruptcy? Today, we discuss whether these professionals will face career sanctions or other consequences after filing for personal bankruptcies because of their own personal financial challenges.

Country singer filing for Chapter 7 bankruptcy protection

Maryland residents familiar with country music may recognize the subject of today's article, which focuses on the individual bankruptcy of a member of the hit band Montgomery Gentry. Eddie Montgomery, one-half of the famous duo, has filed for personal bankruptcy, seeking Chapter 7 bankruptcy protection in the state of Kentucky. Official reports show that the man's assets are valued at $1.9 million, while his liabilities are estimated at $13.4 million.

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