Many senior citizens file bankruptcy after accumulating so much medical debt that it was ruining them financially. But how can a senior citizen prevent future medical debt from ruining the financial fresh start given by bankruptcy? Let's take a look at a few tips: Senior citizens should purchase and maintain a health insurance policy after [...]
A group of Borders Group landlords have banded together to object to the proposed Chapter 11 bankruptcy sale of Borders to Direct Brands. The landlords argue that the timing of the proposed sale and the lack of disclosures leave them with too little information and too little time to make an educated decision about the [...]
The Impact of a Home Equity Loan After Bankruptcy How a home equity loan (HELOC) impacts a debtor's post-bankruptcy life, is mostly determined by which type of bankruptcy the debtor filed and whether they signed a reaffirmation agreement. If a debtor has defaulted on their home equity loan, then the lender has a lien against [...]
This recession has brought to the surface a lot of discussion about "cram-downs," but most Americans have no idea what that is. Well, when applied to your vehicle, a cram-down is basically when you reduce the car loan to the value of the car. For example, if you have a $35,000 loan on a car [...]
Borders Group has had a disappointing conclusion to their negotiations with a potential buyer and creditors. The collapse of the much hoped for buyout deal means that a group of liquidators will bid on the company on Sunday, July 17, 2011 and if there are no higher bidders, the company will be liquidated. Borders had [...]
The bankruptcy judge overseeing the Los Angeles Dodgers bankruptcy case has ordered the removal of four angry fan letters which were placed in the court's official list of documents. Judge Kevin Gross of Delaware's bankruptcy court on Friday ordered that letters from fans had to be removed from the court's docket, or official documents, before [...]
In a bankruptcy case that has already become heated, Dodgers baseball fans are adding fuel to the fire. In several letters filed with the U.S. Bankruptcy Court, several Dodgers fans appealed to the bankruptcy trustee to oust the team's current owner, Frank McCourt. "I beg you Mr. Gross to please do the right thing and...put [...]
Many debtors filing bankruptcy have already been devoured financially by the payday lending industry. They walk into the bankruptcy attorney office weighed down with high interest rate payday loans, desperate for a way out. The Dodd-Frank Act of financial reforms was designed to alleviate much of that desperation and financial suffering; but some payday lenders are [...]
Is Your Car Dealer a Predatory Lender?If you've been out of bankruptcy for a few years, then you're probably ready to take the leap and buy a new or used car. If so, you need to be on the lookout for predatory lenders. Predatory lenders in the car finance industry are plentiful and they've got [...]
Trying to Sell a Grammy? The National Academy of Recording Arts & Sciences Inc. (NARAS) is concerned about the Toni Braxton bankruptcy case and the future of six Grammys the singer won. According to NARAS, Grammys are not transferable and therefore cannot be sold during a bankruptcy to satisfy the payment of debts. NARAS voiced [...]