On March 10, CBS reported that credit card debt last year skyrocketed and the trend is expected to continue into 2015 as the U.S. economy continues to improve.According a recent survey from CardHub, a total of $57.1 billion in new credit card debt was recorded in the...
Personal Bankruptcy
Foreclosures increase for high end homes
According to recent data released by CoreLogic, many high end homes are undergoing foreclosure procedures even as the overall foreclosure rate continues to improve, The Wall Street Journal stated on March 5.Though overall foreclosure rates at the end of 2014 reduced...
Ex En Vogue member threatened with foreclosure
Singer Maxine Jones’ may lose her Virginia home to foreclosure after a federal judge allowed her bank to start the procedure, The St. Louis American stated on February 4. The 53-year-old En Vogue ex member reportedly has a debt of $212,000 on her residential property...
Ways to manage credit card debts after the holidays
Credit card holders who have splurged during the holiday season may consider the following tips to possibly lessen the headaches come repayment time, a Market Watch article stated on January 5 . • Credit card holders may want to pay their cards with the highest...
Former UK girl band member declares bankruptcy
The ex-singer for the English girl band “Sugababes,” Mutya Buena, recently declared bankruptcy due to an unsettled tax bill, an article on Mail Online stated September 26.Documents forwarded to Companies House revealed that Buena, 29, had overwhelming personal and...
Former Westlife member speaks about his recovery from bankruptcy
Ex-Westlife member Shane Filan expressed relief after moving on from bankruptcy and is currently writing a book regarding his financial struggle, an article on Irish Mirror reported on September 4. According to reports, the 35-year-old singer/songwriter of the popular...
Tuscaloosa people rallied to limit payday loan interest
Hundreds of people in Tuscaloosa flocked to Calvary Baptist Church on the night of August 11 to advocate for a limit on the interest rates of payday loans, The Tuscaloosa News reported.According to reports, more than 200 people showed up to...
Sports mogul Steve Donner bankrupt
Former owner of the Amerks and Knighthawks, Steve Donner filed for bankruptcy in Florida, the Democrat & Chronicle stated on July 3.The 57-year-old sports mogul and his wife reportedly filed for Chapter 7 bankruptcy last May. Donner, who had an outstanding debt of...
80’s heartthrob Lorenzo Lamas filed for bankruptcy
After accruing a debt of more than $300,000, actor and reality-TV star Lorenzo Lamas filed for Chapter 7 bankruptcy, Mail Online reported on April 29.Reports said Lamas, who currently does not have any source of income as a freelance actor, has a debt of $322,000. The...
“Meet the Parents” star files for bankruptcy
Teri Polo, who was well known for her role as Pam Focker in the movie franchise “Meet the Parents”, recently filed for bankruptcy in Los Angeles, theHuffington Post reported on April 23. According to reports, Polo had accumulated debts to million dollars. The...