May 22nd, 2013
Bankruptcy news of the day: An article from NBCnews.com. Excerpt: “Student-loan defaults surged in the first three months of 2013, while efforts to collect bad loans are faltering, according to credit analysts and government audits. It is the latest twist in a college debt crisis that is hanging over recent graduates and dragging on the broader [...]
Tags: Bankruptcy, debt, equifax, loan, student loan
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May 21st, 2013
Bankruptcy news of the day: An article from Inman News. Excerpt: “Foreclosure timelines are growing more bloated, largely due to sustained government intervention in the housing market, according to RealtyTrac’s March U.S. Foreclosure Market Report. At the same time, foreclosure activity continues to subside, drifting closer to pre-meltdown levels, RealtyTrac reported. “Although the overall national foreclosure trend [...]
Tags: Bankruptcy, credit, debt, foreclosure, real property, time
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May 20th, 2013
Bankruptcy news of the day: An article from The New York Times. Excerpt: “When you file for personal bankruptcy protection and have debts discharged by the court, your credit report is supposed to be updated to reflect that you no longer have to pay those bills. In the past, the big three credit reporting bureaus were [...]
Tags: Bankruptcy, credit, debt, discharge, lawsuit, new york times, reflect, report
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April 8th, 2013
Bankruptcy news of the day: An article from CBSnews.com. Excerpt: “Thousands of Americans are sent to jail not for committing a crime, but because they can’t afford to pay for traffic tickets, medical bills and court fees. If that sounds like a debtors’ prison, a legal relic which was abolished in this country in the 1830s, [...]
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February 20th, 2013
MarketWatch reported earlier this month that access to personal bankruptcy is good for America. This may seem counter-intuitive at first, but here are four reasons why bankruptcy is actually good for our economy. 1.) It encourages positive spending. When you are surrounded by debt, almost all of your money is going towards alleviating that debt. [...]
Tags: 13, 7, america, Bankruptcy, bills, car, chapter, credit card, debt, downjones, economy, full employment, funds, installment, interest, interest rates, leding, loans, marketwatch, medical bills, money, mortgage, payments, personal loans, realistic, student, usa
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