Many college students are left with serious student loan debt after graduation. Fortunately, there are some things they can do while in school to lower the amount they’ll owe later.

Freshmen may want to take survey courses freshman year, but settle quickly on which major they choose to pursue. Identifying a major early in college and sticking with it will reduce your chance of taking unnecessary courses. Diligent students, or those who have special talents in extracurricular activities, may want to apply for grants or scholarships at their school. You can also try to find an installment plan that allows you to pay your tuition in segments. Lastly, students may want to change their spending habits if they expect to save money. An easy way to save is to eat out less and get a roommate. 

Although the average amount families spent on college decreased this year, student loan debt is a problem that still plaques many graduates. If you are saddled by debt, an attorney at the Bradford Law Offices, PLLC can offer you solutions to help you recover from your student debt. Get in touch with a Fayetteville attorney by calling (919) 758-8879 to learn more about your options.

A Southern Season in Chapel Hill, North Carolina recently filed for Chapter 11 bankruptcy after suffering financial losses, an article of The News & Observer reported on June 24. The company is using bankruptcy proceedings to evaluate their finances and reinvent their business.

Reports indicate that although the company sought bankruptcy protection, they will continue operation at some locations, including the Chapel Hill flagship store. Aside from addressing their financial woes, A Southern Season plans to stop the construction plans of bigger stores that will likely fail to generate enough revenue to sustain the business. Brian Fauver, the company’s chief financial officer, explained “With these big stores come liabilities that are not part of our go-forward plan.” The company is expecting to emerge from bankruptcy proceedings this December.

The team at the Bradford Law Offices, PLLC represent Fayetteville business owners who have decided to file for bankruptcy. We strongly believe that entrepreneurs should be given a second chance if their finances fall through. Discuss your situation with us today by calling (919) 758-8879 to learn more about your options.

Well-known online gossip media company, Gawker Media Group sought bankruptcy protection on June 10 and part of the plan is to sell the company to possibly lessen income loss from a multi-million lawsuit filed by wrestling legend Hulk Hogan, The Washington Post reported.

According to reports, Gawker will continue their operations and appealed the $140.1 million judgment in March from the “privacy invasion” case filed by the wrestler in 2012. Hogan, whose real name is Terry Bollea, apparently won the case after he was financially supported by tech magnate Peter Thiel. Thiel reportedly admitted to supporting Hogan after a website owned by Gawker publicized him being gay. While filing bankruptcy, the legal counsel representing Gawker told reports they may contest a court’s order of having to settle a bond worth $50 million.

Filing for Chapter 11 Bankruptcy, fortunately, is worth considering for business owners who are stuck with overwhelming financial obligations from creditors. If you are in a similar situation in Fayetteville, the Bradford Law Offices, PLLC legal team may tirelessly work for you. Learn more about your legal options from us today by calling (919) 758-8879.

Due to stiff marketing competition and “macroeconomic challenges,” Vertellus Specialties Inc., a novelty chemical company, recently filed for Chapter 11 Bankruptcy, an article of Indianapolis Business Journal reported on June 6.

The Indianapolis-based company, which has five facilities in other states, is well-known for their chemicals that are used in other industries and consumer products. In its bankruptcy documents filed recently, Vertellus has listed its liabilities between $500 million and $1 billion, while their assets range from $100 million to $500 million. Private equity company Wind Point Partners will likely sell Vertellus to a Delaware-based corporation, Valencia Bidco LLC, as part of the deal. Interested parties are given a deadline of August 15 to submit their bids. 

At the Bradford Law Offices, PLLC in Fayetteville, our team represents business owners who have decided to file for Chapter 11 bankruptcy. We may be able to work on your behalf to help you receive the best deal possible in your filing. Call our office at (919) 758-8879 to learn more about your legal options.

Core Media Group, the company behind television hits “American Idol” and “So You Think You Can Dance,” recently sought bankruptcy protection due to overwhelming liabilities and decreased revenue. Court documents revealed the company’s profits declined after the TV show “American Idol” approached its final season due to plummeting ratings.

When “American Idol” began, it would regularly draw 30 million viewers per episode, but it only drew 13.3 million viewers during its final show. Core, based in West Hollywood, reportedly listed $512 million in liabilities and only $73 million in assets. The company claimed their revenue started to significantly decrease around 2015.

Filing for bankruptcy is a viable option for businesses that are faced with financial issues due to a decline in the economy, and working with a qualified lawyer could help you recover from serious financial troubles. If you are considering filing for bankruptcy, call (919) 758-8879 to speak with a lawyer at the Bradford Law Offices, PLLC to learn more about your options.

A Chapter 11 bankruptcy was recently filed by California-based company Pacific Sunwear after experiencing income losses for several years, an article of CBS News reported on April 8.

According to reports, the novelty apparel retailer has been affected by socio-economic factors like some of their competitors. Pacific Sunwear sought bankruptcy protection, hoping to continue business by working with a private lending company. Company CEO Gary Schoenfeld stated that the filing will help them cover approximately $140 million annual occupancy cost and long-term debt amounting to $90 million. The lending company, on the other hand, will shell out $20 million and convert Pacific Sunwear’s two-thirds of debt into equity. Pacific Sunwear currently has over 600 stores in 50 states including in Raleigh, North Carolina.

Like many national companies, the lawyers of the Bradford Law Offices, PLLC understand that some businesses in Fayetteville are dealing with financial issues. If you believe you are in this frustrating situation, we may offer you legal assistance if you have decided to file for bankruptcy. Call our office today at (919) 758-8879 to find out how we may possibly help you regain your financial footing.

A healthcare company based in Magee, Mississippi has decided to file for Chapter 11 Bankruptcy, an article of Becker’s Hospital CFO reported on April 2.

Reports stated that Pioneer Health Services, which owns hospitals in several states including North Carolina, decided to file for bankruptcy due to financial issues such as the increase in use of “high deductible health plans,” failure of insurance companies to settle payments on time, and other factors related to investment. Danbury-based Pioneer Hospital of Stokes assistant CEO, Pam Tillman, stated that the Chapter 11 process will allow them to pay their creditors in a timely manner and retain their existing vendors. Hospital employees will continue to get their pay during the bankruptcy transition, Tillman claimed. The process may last up to two years and Tillman is hoping to get positive results. Pioneer Health Services also has hospital facilities in Mississippi, Virginia, Tennessee, and Georgia.

The lawyers of the Bradford Law Offices, PLLC in Fayetteville believe that financially-struggling companies deserve a second chance to find their financial footing. If you have decided to file for bankruptcy, we may offer you legal assistance to ensure a smooth process in an unstable time. Learn more about your options today by calling (919) 758-8879.

Many young Americans who pay their monthly credit card balance are actually paying for interest rates accumulated from their previous balance, a recent article in Fortune reported.

According to a study conducted by the Federal Reserve Bank of Boston, many Americans who are in the 25-50 age bracket are primarily paying off the interest of their previous credit card balance. An article from Bloomberg also noted that people who heavily rely on using their credit cards often continue to do so throughout their lives. Additionally, people tend to use more of their credit cards if they are given a high credit limit. For Americans in the 20-30 year old age window, credit card limits have increased by about 450 percent and debt has increased by 300 percent. Boston College Professor Scott Fulford explained that younger Americans often view credit limit as “savings” that they use for emergencies.

At the Bradford Law Offices, PLLC, we understand that many young people get into trouble because of unmanageable credit card debt. If you are in such a situation, we want to help you explore all of the legal options available to you for getting a fresh financial start. Learn more about your options from us by calling (919) 758-8879 today.