Bankruptcy

The question for this week is what rights do you think consumers should have in a perfect world in order to be able to deal with lenders, when the debtor is having problems paying their bills, so they can avoid foreclosure, repossession and/or bankruptcy?
If you are UK citizen and now live in the US but you've left lingering UK debt back home. Now you can eliminate it.
The House yesterday passed legislation to make it easier for National Guard members and reservists to go bankrupt.
The bankruptcy reform act of 2005 was gleefully awaited by creditors in hopes of stripping more money from consumers and preventing them from resolvng their financial problems in Chapter 7 bankruptcy. So what have we learned?
U.S. bankruptcies rose nearly 40% in 2007. I bet you thought I overlooked that story. Not at all. It was such an easy story to write that I just procrastinated doing it.

Disturbing Article "Prisoners of Debt"

A very important cover story from Business Week about nasty creditor actions that are harming consumers.

Greedy, Greedy Bankers

I love to tell bankers “I told you so.” It just gives me such great satisfaction. And today I’ve got another reason to rub their face in it. It appears that the very bankruptcy reform the creditors fought so hard to shove down the throats of consumers in the early 2000 years had now come back to bite them on the butt.

Bankruptcy still remains a secret shame for most people. This is the story about how I got outed.

Indiana Krispy Kreme Breaks My Heart

The Northwest Indiana store, along with 14 other stores in the Chicago area, five in St. Louis and two in Central Illinois, were included in the bankruptcy protection filing in U.S. Bankruptcy Court, Krispy Kreme spokeswoman Janie Goldberg-Dicks said.

Is Bankruptcy Right For Me?

When facing financial problems it's important to consider every possible solution.  Learn more about the bankruptcy process and determine if bankruptcy could be a good choice to help solve your financial difficulties.

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