Category Archives: Bankruptcy
As Student Loan Debt Drags Down Economy, Consumer Group Pushes for Repayment Reform
Several years into a slow but steady economic recovery, student loan debt is threatening to wipe away any gains. As our bankruptcy lawyers discussed last week, the investor-led housing recovery could stall as investors pull back and ordinary home buyers fail to step in because they’re grappling with massive student debts. With the average student… Read More »
Experts Caution Real Estate Recovery May Not Have Strength to Last
Home prices are rising, foreclosures are falling and consumers are snatching up properties: It looks like the housing market is on the mend. But all is not as it seems, say bankruptcy attorneys. Recently, real estate experts have been speculating that the real estate recovery won’t last. According to CNN Money, there are three main… Read More »
Foreclosures Dwindle to Pre-Housing Crisis Levels
Could the foreclosure crisis officially be over? Foreclosure filings in the first quarter of 2013 fell to the lowest level since 2007, according to new data from RealtyTrac. This March, banks took ownership of 44,000 homes. While it may sound like a lot, compare that with September 2010, when banks repossessed more than 100,000 properties…. Read More »
Getting Credit Cards After Bankruptcy Easier Than Most Consumers Think
Filing for bankruptcy isn’t something to be taken lightly, but the consequences are not as dire as most consumers think. While many folks worry bankruptcy will be the end of their financial freedom, it could actually be a new beginning. Take unsecured credit offers, for example. It’s a commonly held belief that it will be… Read More »
Despite Consumer Protection Laws, Overdraft Fees and Payday Loans On the Rise
Remember back in 2010 when the Federal Reserve enacted new rules meant to protect consumers from the hidden cost of overdraft protection? If you’re like most folks, the answer seems to be no. A new report shows that more people are incurring overdraft protection fees – and banks are reaping the profits. Banks and credit… Read More »