Bankruptcy Attorneys Predict a Student Loan “Debt Bomb”
As more and more young people graduate from college with mounds of unresolved loan debt, financial experts and bankruptcy attorneys are calling the progressively worsening dilemma the "next debt bomb." View More...
Broken Pledge to Force Banks to Help Homeowners
Bankruptcy judges have long been barred from lowering mortgage payments on primary residences, though they could do it with nearly all other types of debt, even mortgages on vacation homes. View More...
Consumer bankruptcies hit 5-year high in 2010
NEW YORK — The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figure could rise as Americans struggle with View More...
Bankruptcy: The Meeting of Creditors. What Did The Trustee Say?
Every person that files a bankruptcy is required to attend a Meeting of Creditors. The meeting, also called a Section 341(a) meeting is held by a Trustee. The Trustee is an individual, View More...
New Restrictions Placed on Debt Settlement Companies
The Federal Trade Commission on Thursday announced restrictions on companies that purport to help borrowers get rid of crippling amounts of debt. View More...
Old Debts That Won’t Die
Timothy McCollough stopped making payments on a credit card in 1999 and continues to be haunted by the unpaid balance. View More...
FTC Bans Advance Fees at Debt Relief Companies
The Federal Trade Commission announced that companies promising over the phone to reduce your credit card or other debt can't charge you a fee until they do their job. View More...
A Shocking Peek Inside the Seedy World of Debt Settlement Companies
Read on for a shocking glimpse into the seedy world of for-profit debt settlement companies. View More...
Lenders go after money lost in foreclosures
Over the past year, lenders have become much more aggressive in trying to recoup money lost in foreclosures and other distressed sales, creating more grief for people who thought their View More...
Seven famous people who survived bankruptcy
A number of successful people have found themselves overextended and ended up filing for bankruptcy, only to successfully stick it out and find firmer financial footing again. View More...
