It is no surprise that consumers have become more vigilant against unscrupulous debt collection practices. With so many fraud and scams going around, people have become more educated as to how to spot a non-reputable company, as well as what their rights are as a consumer. Fair Debt Collection Practices Act The FDCPA was created  … Read more

The well-known group UB40 once topped the pop music charts, but now has found themselves in bankruptcy. The current band members have been declared financially insolvent by a Birmingham County Court judge. Money Troubles The band has faced major financial issues for several years, which it is speculated to be the reason for frontman Ali  … Read more

The economy continues to challenge our debt loads daily and for those who own property, the challenges become all too real when a notice of foreclosure arrives in the mail. A family experiencing foreclosure is bad enough, but those who rent property from landlords face even greater challenges. Tenant Rights Until recently, renters who occupied  … Read more

The number of personal bankruptcy filings dropped 17% in September, as compared to September of 2010. This was news that is easy on the ears after so many months of ominous financial reporting.  So, what has changed? The biggest aspect of change has been in consumer habits. After many months of increases in the number  … Read more

Earlier this year, the nation’s second largest bookstore chain filed for bankruptcy. After much negotiation, Borders was bought out by Barnes & Noble in a bankruptcy auction. Barnes & Noble stood to inherit all of the remaining Borders assets, including intellectual property such as customer information, if the proposal was approved by the court. The  … Read more

Most of us have either browsed or bought a few of those famous internet coupons that give great deals on everything from spa treatment to skydiving. Who doesn’t love saving 50% off on services and activities? For one, the business that offered the coupon. Over-Promised, Under-Delivered Sites like Groupon have made millions by bringing in  … Read more

Drawing attention has always been something Anna Nicole Smith was good at. When she married a much older oil tycoon, the world gasped alleging she was only after his money. In her defense she claimed J. Howard Marshall wanted his money to be left to her, but his family has continued to fight to argue  … Read more

As Barnes& Noble prepares to take over the remaining Borders stores and ownership rights through a purchase at a bankruptcy auction, former Borders customers are worried about what will happen to their personal information. Throughout the years, Borders has acquired massive amounts of consumer information in the form of customer contact information, purchase history and  … Read more

We have been hearing for weeks about the financial trouble Solyndra Inc. has been facing. As a leading American manufacturer of solar technology, the company has been troubled from the beginning. Between the high costs for product production and unmatched competition from Chinese manufacturing, Solyndra and many similar companies have been fighting to stay in  … Read more

Earlier this year, the second largest bookstore chain in America ended up in a tight financial position. After many months of attempting to resolve their debt crisis and stay profitable, Borders ended up seeking debt relief through bankruptcy. Although they were forced to lay off thousands of employees and close several stores, Borders was able  … Read more