Musings on the U.S. Bankruptcy System and its Impact on Consumers
Student loan borrowers won a significant battle when the federal first circuit found ECMC, a student loan monitor, abused the bankruptcy system in its collection of student loan debt. Hann v. ECMC, 711 F.3d 235 (1st Cir. 2013). Finding that Hann owed nothing, both a bankruptcy judge panel and the First Circuit Court of Appeals …
Getting rid of a second mortgage mortgage in a chapter 13 bankruptcy has become routine in many jurisdictions like New Hampshire and Massachusetts.
With whimpy penalties, banks and creditors are still utilizing aggressive debt collection procedures in an attempt to scare payments out of their customer’s wallets.
Two hidden loopholes in the CARD Act can leave consumers paying high interest charges that can quickly snowball.
A new report by USA Today finds that Americans’ student loan debt is $850 billion dollars, which actually exceeds the total amount of Americans’ credit card debt. What does that mean for our newest generation heading off to college? Basically the debt they create in the next four years is going to substantially curtail other …
Learn easy ways to teach your kids about money and budgeting.