Almost a million bankruptcy cases were filed in the United States in the past year ending June 30, 2008, according to statistics released by the government. Consumer filings were up 28.4 percent and business filings were up 41.6 percent compared to a year ago.
August 2008
Identity theft is rampant in this country, and we’ve previously reporting on ways to reduce the risk of identity theft. But we’re always looking for an easier way to get things done. Technology has made life in the 21st century a breeze in comparison to the lives our grandparents lived. The Internet has been the [...]
Bankruptcy law allows the modification of a mobile home loan in Chapter 13, the Eighth Circuit Bankruptcy Appellate Panel ruled this week. The 2005 amendments to bankruptcy law did not add mobile homes to real estate mortgages which are generally protected from modification. Chapter 13 generally allows a person to modify the repayment owed to [...]
Listing your house for sale at the same time that you are filing for bankruptcy involves a number of issues, and the answer to the question is a case by case basis. Can you do it? Probably. Should you do it? That needs to be answered by an attorney in your area. Your bankruptcy attorney [...]
Credit card company raise your interest rate without notice, pulling the rug out from under you? If so, you may be in luck. Boston.com reports on a bill currently pending in Congress would stop credit card companies from just deciding it’s time for them to get more money by raising your interest rates and fees. [...]
Old notations on your credit report are supposed to be removed after a specified period of time. The problem is that most people don’t know just how long is too long. Under 15 USC 1681c, a credit reporting agency must remove information that is too old to be reported. Such information that must be removed [...]
