Uncategorized

Should Student Loan Debt be Discharged in Bankruptcy?

Published on June 11, 2010 by

Courts discharge credit card debt and even gambling debts, so why not student loan debt. Its a hot topic with Congress right now and there are many moving to change the bankruptcy rules to allow for the discharge of student loan debt.

There are two types of student loans federal ...

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The Unlikeliest Creditor

Published on June 4, 2010 by

 As previously posted on this blog, the Major League Baseball team, the Texas Rangers, were teetering on bankruptcy. Well, they stopped threatening to do it and actually did take the plunge into bankruptcy a few weeks ago.    

They took the step of filing for bankruptcy in order to facilitate ...

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The Name’s Bankruptcy. MGM Banruptcy

Published on May 21, 2010 by

The home of James Bond and Hot Tub Time Machine, is in bad shape right now. MGM has been in some big time debt recently and has just asked for a fifth extension to pay back some of that debt. Its hard to imagine that the studio that can print ...

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Debt Town

Published on May 14, 2010 by

A new study is out that shows that the Orlando metro area ranks tenth in the nation for consumer debt. The average central Florida consumer carries an incredible $25,320 in debt, which is $541 more than the national average. This study included credit card debt, auto loans, and personal loans, ...

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Major League Bankruptcy

Published on May 7, 2010 by

There are some business that should be recession proof and that could even thrive in a tough economic environment. Usually those businesses include anybody associated with liquor sales, from the big multinational companies like Anheuser Busch to the small local watering hole, usually when people are down and times are ...

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Ground Floor

Published on April 23, 2010 by

The ground floor is where you will be with your credit after a bankruptcy. The climb back up to a respectable credit rating can be long and tricky, but there are some established tips that can shorten the process.

One way is by using credit cards. The problem that most ...

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21%

Published on April 16, 2010 by

That is the amount of increase in bankruptcy filings that the middle district of Florida has experienced compared to last year. In total 16,149 were filed in the middle district and that includes the Orlando and Tampa Bay areas, and in the process has become the second busiest bankruptcy court ...

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Retirees vs. their Bankrupt former Employer

Published on April 14, 2010 by

Retirement is the good life, (believe me I've looked into it, early bird specials and discounts at the movies are just a few of the perks).  But the good life has recently been threatened by the retirees former employers filing for bankruptcy. What has been happening when these big companies ...

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