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 ...
If it is actually your birthday today then that headline was directed at you, if it isn't your birthday it soon will be so come back to this post on that day to get your well wishes. The birthday the headline is referring to is that of the 5th birthday ...
Its not unusual for a bank to try and seize any and all assets that they can get their hands on, they can be like greedy little children in that respect. They have tried to attach pets, livestock, and family heirlooms in order to get their money and now one ...
All creditors are not created equal. That should be one of the motto's of bankruptcy court, but alas it isn't. It does apply to one particular debtor who will not have a judgment against him dismissed.
A man from Boca Raton, Jay Levin, shot and killed his neighbors 16 year ...
If I only won the lotto, things would be different. We all say it to ourselves, its our secret hope and dream that winning the lotto would solve all of our problems. Credit card debt, gone. Mortgage, paid. Student Loan Payments, do you want that in cash or check? Yes, ...
Yes baby boomers are leading the pack when it comes to filing for bankruptcies. New research shows that they compose the largest demographic of individuals filing for bankruptcy, comprising 42% of all bankruptcies filed. Amazingly baby boomers have out paced younger adults in filing for bankruptcies for the first time ...
Most people think of bankruptcy as a shield, used by those in need for protection from creditors and debt. This is bankruptcy's truest application and how it was always meant to be used by debtors and lawyers. It was never intended to be used as a sword, a weapon ...
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