Debt Consolidation, Help and Relief

Bankruptcy Doesn’t Stop Student Loans

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  • Posted 10/6/10. by alison

 
Filing bankruptcy won’t help those struggling with student loans. That includes James Reach who, according to the Chicago Sun-Times lost his house but can’t shake the education debt. A new bill co-sponsored by US Rep. Danny Davis could help those Americans like Reach. The Private Student Loan Bankruptcy Fairness Act of 2010 would make it [...]

‘Til Debt Do Us Part: Breakups Caused By Money Problems

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  • Posted 09/17/10. by alison

Allison Brooke Eastman’s fiance was ready to walk down the aisle and commit to the wedding vows. Until he found out how much debt she had. Turned out when he was about to say “for richer and for poorer” he really had no idea just how poor. According to the New York Times, Eastman’s finance [...]

California Tops List Of Consumer Debt

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  • Posted 08/17/10. by alison

Ever wonder which state’s residents hold the most consumer debt? New research from the New York Federal Reserve points the finger at Californians. Here are some of the numbers:

Californians carry and average of $77,500 in consumer debt. That’s down by more than $10,000 from 2008.
Ohio residents have the least amount of debt, carrying an [...]

Sarah Ferguson’s Debt Problems Mount

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  • Posted 08/13/10. by alison

You may remember back in May when Sarah Ferguson’s financial problems surfaced. The Duchess of York was caught trying to accept money in exchange for access to her ex-husband, Prince Andrew. The pair divorced in 1996 after a ten year marriage. Reports claim that Fergie’s debts have reached 5 million pounds, a massive total despite [...]

New Rules Regulate Debt Settlement Companies

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  • Posted 07/30/10. by alison

New regulations handed down by the Federal Trade Commission may help consumers from shady debt relief companies. The FTC says consumers are often forced to pay upfront fees with hopes of reducing their overall debt, but that never happens. Under the new rules, companies won’t be able to charge upfront fees as of October 27. [...]

Reality Star $10 Million In Debt; Files For Bankruptcy

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  • Posted 06/10/10. by alison

Is it possible that reality TV isn’t exactly real? Turns out the lavish lifestyle captured by Bravo’s The Real Housewives of New Jersey isn’t what it seems. Teresa Giudice and her husband Joe live in a mansion with their four daughters and are often filmed on shopping trips, but the Real Housewife announced they’re broke. [...]

The Top Five Causes For Bankruptcy

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  • Posted 03/20/10. by alison

Although bankruptcy can be caused by frivolous spending and lavish lifestyles, that’s not always the main reason why it occurs. According to the San Fransisco Chronicle, there are five main life events and changes that can make you much more likely to file bankruptcy.
1. Medical Expenses
A Harvard University study says this is the biggest cause [...]

How To Avoid Debt And Even Bankruptcy From Medical Bills

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  • Posted 11/27/09. by admin

Medical bills are an easy way to go into debt. They are usually large, unexpected, and can come at the most financially inconvenient times. There may not be a convenient time for unexpected medical bills but they seem to come when they are least welcome.

Tags: personal debt, bankruptcy, [...]

Obama Mandates Credit Counseling Before Bankruptcy

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  • Posted 11/2/09. by admin

Americans have had a complete turnaround in their spending habits. Those Americans who were working during the relative prosperity of the 1990s, but perhaps missed some of the recessions in the 1970s or late 1980s, tended to spend everything they made – and even some that they didn’t make.

Tags: barack obama, bankruptcy, [...]

New Spike In Consumer Bankruptcies

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  • Posted 08/17/09. by admin

The number of consumer bankruptcies rose to their highest levels since October 2005 in July with many households across the United States struggling to deal with past debt and higher unemployment rates.

Tags: Bankruptcy Abuse Prevention and Consumer Protection Act, consumer bankruptcy, bankruptcy