Category Archives: Debt
Making Business-Like Decisions, Filing for Chicago Bankruptcy May Be Best Way to Fix Finances
When businesses suffer economic setbacks, they take action: cutting costs, laying off workers, and, often times, filing for bankruptcy. When consumers suffer economic setbacks, we tend to wait around and hope for the best. You can probably guess whose strategy is more effective. By becoming more business-like in our approach to decision-making, say Chicago bankruptcy… Read More »
Hoping to Ease Student Debt, Legislators Propose New Laws for Bankruptcy in Atlanta, U.S.
The last time Congress rewrote bankruptcy laws, it was to prohibit students from using bankruptcy to escape education loan obligations. Now – in light of a $1 trillion student loan bubble – legislators are discussing the possibility of reversing that position, reports The Wall Street Journal. Back in 2005, the government prohibited the discharge of… Read More »
Concern About Student Loan Debt Drives Discussion Over New Tennessee Bankruptcy Laws
Bankruptcy was created to help Americans relieve the burden of impossible debt. Yet for the past 7 years, there was one important type of debt it couldn’t ease: student loans. But some legislators are bent on changing that, according to The Wall Street Journal. In 2005, Congress revised bankruptcy laws to exclude the discharge of… Read More »
Could Revised Chicago Bankruptcy Laws Ease Student Debt Bubble?
Bankruptcy has always been intended for Americans who need help breaking free from the burden of overwhelming debt. Yet, since 2005, bankruptcy protection has been unable to help those with certain types of debt – namely, student loans. Now lawmakers are debating whether bankruptcy laws in Chicago and other areas across the U.S. should be… Read More »
Rising Number of Consumers Plan to Put Tax Refund toward a Tennessee Bankruptcy Filing
In the past, Americans have tended to put their tax refunds toward family vacations, new cell phones, and other fun indulgences. This year, however, many cash-strapped consumers are spending their checks from Uncle Sam on something a little less frivolous – but potentially more rewarding in the long-run. More than 200,000 Americans hope to apply… Read More »