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 7
Major investors in Energy Future strive to minimize losses
Investment firms KKR & Co., Goldman Sachs Capital Partners, and TPG Capital spearheaded the $48-billion buyout of Energy Future Holdings Corp., the biggest power plant owner in Texas. Now, they are striving to get barely 3% of their initial investment back since...
Simon Webbe of band “Blue” files for bankruptcy
After accumulating thousands of pounds in debts owed to creditors, “Blue” band member Simon Webbe recently announced to the public that he filed for bankruptcy.Webbe filed his bankruptcy papers in September in a high court of London weeks after other “Blue” member...
Rapper exits bankruptcy
Rapper David Darnell Brown, better known as “Young Buck,” is getting a fresh financial start after exiting bankruptcy, a report stated on Thursday, September 19. The rapper filed for bankruptcy three years ago.According to reports, the Tennessee rapper has paid some...
Governor Bentley announces new measure to protect against payday loans
On September 18, Alabama Governor Robert Bentley signed a new consumer protection measure that will help people from taking on exorbitant debts as a result of payday loans.As the Alabama Deferred Presentment Services Act does not allow payday lenders to give people...
Vince Young’s properties auctioned off to cover debt
Constables from Harris County went to ex-NFL quarterback Vince Young’s home to take an inventory of his personal properties in preparation for paying off a loan of $1.7 million, a July 25 report from NBC sports showed. The former NFL player took the loan out two years...
Medical bills: a huge factor for personal bankruptcy
Millions of Americans are expected to file for bankruptcy this year due to expensive medical bills, a new data analysis reports.According to the data gathered by NerdWallet Health, skyrocketing health expenses cause many people to file bankruptcy. In fact, Vice...
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...
Unemployment and Chapter 7 Bankruptcy
Choosing to file for bankruptcy can be a difficult decision, and there are several factors that should be considered before making this decision. One of these factors regards unemployment and the affect it has on the bankruptcy process.There is a repayment plan...
Chapter 7 Bankruptcy and the Means Test
Determining whether or not to file for bankruptcy can be a difficult and drawn out decision. There are several factors that someone should consider when making this decision, and experienced professionals should be on hand to assist in the process. The two main...