Reports from the Treasury Department suggest that in 2011 the homeowner Unemployment Program—a part of the federal Making Home Affordable initiative—showed significant improvement. Namely, the report showed that between...
19 Oct, 2011
Feds Change Chapter 7 Rules
Bankruptcy can be a great tool for those who are pressured by financial hardships into struggling to make their debt payments. Although the process can be quite tedious, the government has always worked to ensure borrowers...
The plan enacted by three Rhode Island cities to prevent foreclosures and ease their impact on homeowners, has had little effect. The plan involved requiring lenders to try mediation procedures before pursuing a full...
19 Oct, 2011
British Pop Stars Declare Bankruptcy
The well-known group UB40 once topped the pop music charts, but now has found themselves in bankruptcy. The current band members have been declared financially insolvent by a Birmingham County Court judge. Money Troubles The...
Student loan debt is among the fastest growing debt source for young adults under the age of 30. As tuition rates increase each year and recent graduates struggling to find employment in the poor job market, many are finding...
