Economy

It's an unfortunate reality but many debtors are not only facing aggressive collection action by creditors they are also being scammed by phony debt collectors.  One such scam includes a payday loan scheme that...

In 2005 the bankruptcy code was changed to make it difficult for above median income earners to file Chapter 7 bankruptcy and discharge their debts.  In Texas, the median income for a 2 person...

The Federal Trade Commission (FTC) successfully sued three debt collection companies who scammed consumers into paying money they did not really owe.   A total of $1.6 million was recovered from the debt collection scammers...

Bankruptcy judge Kevin Carey approved the Tribune Company's exclusivity extension request, allowing the company until the end of March to resolve outstanding issues delaying the company's emergence from bankruptcy and present an effective reorganization...

The Federal Trade Commission (FTC) has proposed changes to the law that would prohibit so-called "foreclosure prevention" companies from charging up-front fees for their services. "Homeowners facing foreclosure or struggling to make mortgage payments...

While the U.S. lost 106,000 jobs since January, employers have added a net 52,000 temporary jobs since then.  But many economists are saying that the increase in temporary jobs may not be a sign...

Despite a push to increase small-business lending, it is still very difficult for small companies to get traditional loans from banks.  That fact has many small businesses looking to less traditional means to finance...