Recently, President Obama made some speeches regarding student loan debt at various college campuses. At issue in many of his talks is that the current student loan interest rate for government backed loans will double from 3.4% this summer unless Congress takes action.
While a 3.4% interest rate is ...
When individuals file for bankruptcy protection under Chapter 7, an automatic stay is put into place which prohibits creditors from pursuing litigation against the debtors and from contacting the debtors in attempts to collect debts. This protection continues after an Order of Discharge is put into place, since the ...
I sometimes have difficulty finding stories involving bankruptcy that I also think would be interesting. However, with the recent legislation in New York, I did find this story interesting regarding bankruptcy and married same-sex couples.
Regardless of how you feel about the topic of same-sex marriage, it is interesting to ...
I think some of my recent posts have detailed how companies or well-known people are filing bankruptcy and how they may deal with that case. This week I wanted to just post links to a couple of bankruptcy related stories.
The first story is about a woman ...
I guess there is an argument that baseball and bankruptcy are equally American. Although, I'm probably the only person to ever suggest that. However, as I discussed in a previous entry, bankruptcy is specifically provided for in the Constitution. We can't say that much about baseball. Not the most ...
I stumbled upon this article today. It really only illustrates the role of a bankruptcy trustee, as far as the educational value of the article, but I found it to be mildly amusing. It seems that a disgraced, and dead, Tennessee business-man hid many pieces of valuable art. He ...
For me, the most difficult type of individual to help to file for Chapter 7 bankruptcy is a small business owner. The reason for this is that often a small business can complicate an individual's plans to file for Chapter 7 Bankruptcy protection. Most people would like ...
There was some news this week regarding a 2012 presidential candidate who mistakenly asserted that the Federal Government doesn't regulate bankruptcies. It is clear that this candidate has not read the Constitution. Otherwise, this candidate would have noticed that Article I, Section 8 of the Constitution specifically provides for Congress ...
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