Musings on the U.S. Bankruptcy System and its Impact on Consumers
Student loan debt in the United State has risen to $1.6 trillion dollars, second only to mortgages as the highest category of consumer debt in the United States. While new loans account for some of the increase, that’s only part of the story. One of the more obscure reasons for the explosion of student loan …
Getting rid of a second mortgage mortgage in a chapter 13 bankruptcy has become routine in many jurisdictions like New Hampshire and Massachusetts.
Bankruptcy has a bad rap. It’s true. Working in bankruptcy, we see so many of the harsh realities our clients are facing each day. Outside the bankruptcy circle (including bankruptcy attorneys, financial advisors and even the courts), bankruptcy has a bad image. “Bankruptcy is great for people who rack up enormous debt and then can’t …
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.
Weather-related disasters often leave homeowners in financial peril not knowing how to save their home from foreclosure.
The student loan debt crisis is set to hit an all-time peak in the next few years. Are you ready to handle the fallout?
There is substantial misinformation regarding what is truth and what is fiction about filing personal bankruptcy – learn the facts.
Medical debt is one of the leading causes of personal bankruptcy in the U.S.
Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be …
Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx). Many of the issues presented are ones we witness every day in our Salem, NH office. Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential foreclosure, aging Americans have worked hard their …