As the total amount of student loan debt continues to rise to unprecedented heights, many individuals have stepped forward with different ideas on how to fix the problem and reign in the debt. While the Obama administration did take steps towards loan forgiveness, the requirements are very narrow and have not appeared to lower the  … Read more

Most of us have heard stories of the celebrities who are so broke they cannot pay for the mansions and the cars or the maids and the gardeners any longer. It happens much more often than we think and we only hear about it when the person is still on the A list or has  … Read more

With the election cycle in full swing, there are many students who are desperately trying to determine which candidate will do the most for them with regard to student loan debt should they be voted into the highest office in the free world. If you ask either candidate they will tell you that it is  … Read more

Many individuals that receive a bankruptcy discharge are still haunted by the debts that the bankruptcy has discharged. These still appear on the credit reports and can have many negative effects on the individual. A lot of people who are making a new financial start find it difficult to find the type of employment they  … Read more

In June of 2013, the city of Detroit, MI filed for Chapter 9 bankruptcy. This was the largest bankruptcy claim by a city in the history of the U.S., with a debt between $18 and $20 billion. The case has raged in the courts for over a year and has captured media attention again and  … Read more

A huge blow to Big Tobacco today as one of the nation’s top drugstore chains announced its plans to stop selling cigarettes.  The plans for CVS to drop tobacco products came back in February, but a recent push to execute the product elimination came as this week as the October 1st deadline nears. Conflicting Messages  … Read more

Energy  Future Holdings Corp. has already faced a rocky road since it filed for Texas bankruptcy just a week  ago. Still being considered worth billions, experts agree the company is nowhere near what it was worth when investors bought in back in 2007. Now in the midst of a Chapter 11 case, the future of  … Read more

The Social Security Administration has a lot to juggle within the system including reviewing/ approving/denying applications, making sure beneficiaries get paid, and even collection on debts resulting from overpayments. What makes the debt collection portion of the SSA confusing is that much of these alleged debts are from overpayments that happened years ago. Stop The  … Read more

It is no secret that General Motors is in some hot water over the recent recall for faulty ignition switches. After allegations that GM knew about the problem long before their 2009 bankruptcy trial, the company now  must beg the court to uphold an order dividing up lawsuits. The Hot Seat A  motion filed in  … Read more

The recall of some 1.6 million vehicles last month has the eyes of authorities all over the potential  mishandling of problems by GM. This week, authorities are now taking a closer look as to whether GMs actions could spiral from negligence into bankruptcy fraud. Suspicions Over The Switch GM recalled over a million and a  … Read more