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This week, it was reported that student loans in America have crossed the $1 trillion mark. Maybe it’s just me, but doesn’t everyone else see a bubble being created. These loans can’t be discharged in a bankruptcy filing and yet graduated students have no way of paying them back. Young adults are getting out of [...]
Making ends meet while debts pile up can be a real problem during tough economic times. Personal bankruptcy is always a tough decision, but it’s good business to know which type will best address your situation. There are significant differences between Chapter 7 and Chapter 13 bankruptcy, and each applies to different cases. The main [...]
When you are struggling with debt, it may be serious enough to come down to only two resolutions: debt settlement or bankruptcy. When debt issues become this serious, it is important to understand what you are facing with both options. Here is a look at the basic breakdown of how each debt relief process can [...]
Debtors usually file for bankruptcy for two reasons: to protect themselves from creditors and to get rid of unsecured debt. The latter has become more and more popular as people rack up credit card debt and fall victim to the tanking economy. But bankruptcy isn’t the only way out—in fact, it should be more of [...]
Back in July, I wrote a post on the impending problems coming regarding commercial real estate. Well, it seems it’s ready to start showing its anger, and man, did it start off near the top. Capmark Financial Group, one of the nation’s largest commercial real estate lenders, which also used to be known as GMAC [...]
Yes, we’re in tough economic times. However, we don’t have to sit around worrying about going broke all the time, or worry that things will never get better. As a matter of fact, there are numerous times when this type of thing has happened, and some very famous people have recovered from losing it all. [...]