A recent analysis showed that most people who owe a lot on their auto loans live in the southern cities of America, a USA TODAY report showed on Saturday, November 16.According to a recent analysis by Manilla.com, Shreveport, New Orleans, and Houston were on the top...
Chapter 13
Bills to limit payday loans in Alabama stall
Laws attempting to change payday and title loans in Alabama stalled recently in the Alabama Legislature.The bills were being reviewed in the House Committee, but failed after industry leaders argued that the bills would substantially affect their business, even...
2012 sees significant decline in bankruptcy filings
The most recent statistics from United States Bankruptcy Courts indicate that overall non-business bankruptcy filings are on the decline for the year 2012 when compared to the same period from the year before.In the fiscal year ending on September 30, both Chapter 7...
T-Boz’s bankruptcy dismissed, creditors may claim singer’s assets
This month, Judge James R. Sacca of the U.S. Bankruptcy Court in Atlanta, Georgia dismissed TLC singer T-Boz’s third bankruptcy filing. The singer filed for Chapter 13 bankruptcy in October, listing more than $700,000 in debt.Girl group TLC filed for Chapter 11...
Foreclosure rate down by 21 percent in Alabama in 2011
According to a recent report by foreclosure research firm RealtyTrac, the rate of foreclosure in Alabama was 21 percent lower in 2011 than in 2010. Last year, Alabama had the 31st lowest foreclosure filing rate in the country.In total, 16,487 foreclosures were...
Bankruptcy filings decrease in year ending June 2011
Recent figures from the Administrative Office of the U.S. Courts reveal that total bankruptcies filed in the U.S. in the year ending June 2011 decreased by 2.7 percent.In addition, the figures detail the decreases in each individual chapter of bankruptcy....
Personal bankruptcies decrease in 2011
709,303 personal bankruptcies were filed between January 1, 2011 and June 30, 2011. This is 7.9 percent fewer than the number of personal bankruptcies filed in the same time period in 2010.According to the American Bankruptcy Institute, 2010 had the highest...
Options for managing debt
Alabama residents have several options for managing their debts. By choosing one of these options, one is able to take control of their current financial situation and move forward towards a debt-free life.One alternative to bankruptcy is debt negotiation....
Study finds African-Americans more likely to file Chapter 13 bankruptcy
A recent study that was released by the Woodstock Institute in Chicago found that black people are much more likely to file for Chapter 13 bankruptcy than white people, who are more likely to file for Chapter 7 bankruptcy.The study found that almost half of the black...
House Ends Foreclosure Defense Programs
Foreclosure defense programs that were put into action by the Obama administration in 2007 are now being abandoned by many in the House and Senate who say that the programs cause homeowners more harm than good.Votes in the House proved to be partisan, as Republicans...