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3 Recent Large Scale Corporate Bankruptcies

When we think of bankruptcy, we often have in mind a person that cannot make ends meet, but there are many kinds.  Companies have to make ends meet too and when they cannot, people get laid off, assets get liquidated, and people end up in court.  Corporations are not immune to financial stress. Here are some recent large-scale bankruptcies you may have heard about in the news.

Not All Student Loan Debt Is Created Equal

Student loan debt is often thought of as just something everyone has to deal with.  For most Americans, attending college means having student loans, but does everyone have the same opportunity to get student loans?  What’s more, does everyone have the opportunity to get the best interest rates?  You may be surprised to know the truth about student loans as they pertain to minorities in the United States.

January Is Divorce Month, but Why?

January is the dawn of a new year.  Hopes are high.  Unfortunately, so is the tension amongst couples.  Historically, the month of January demonstrates a spike in the rate of divorce filings.  There is plenty of conjecture surrounding this unpleasant statistic, but what are the real reasons behind why people decided enough is enough in January?

How Far Are Debt Collectors Allowed to Go to Collect a Debt?

Debt collectors have the right to try to collect a debt from you, but there are rules that these collectors must follow.  However, many times, these collectors break the rules because consumers are not aware of the laws that protect them from predatory debt collection practices.  If you are being harassed by debt collectors, you may be able to get protection.

Making Strides

For many, student loans are the norm while going to college. Created to help students settle the cost of educational fees for post-secondary education, it takes away the burden of paying all your debts at a go. Applying for a student loan usually entails having the following requirements;

What Is the Deserve Credit Card Platform?

Recently, the Deserve platform successfully raised a whooping $50 million, thanks to some big-time investors. Since the inception of the Deserve credit card platform, it has been successful in raising large amounts of money for different projects. However, before we delve into this amazing success of the Deserve company, it’s important to point out what exactly the platform is about. Even though, the Deserve platform has become popular for offering credit cards, a lot of prospective clients do not know exactly what the platform is.  If you happen to fall into this category, then you’re in luck, as this article will be all about the Deserve Credit Card Platform.

Going Bankrupt After 55 Years of Age

Bankruptcy is easily one of the worst fears anyone has to deal with. Even worse, being bankrupt and old without anyone to cater for you is dreadful. This is, unfortunately, the case for many Americans. According to research, the rate of older adults (above 55 years) who have become bankrupt has skyrocketed up to 66% since 1991. Basically, older adults of above 65 years make a total of 12% of bankruptcy filers. Also, what’s astonishing is that older adults within this age group, spend most of their income offsetting accumulated debts.

Should Elderly People Declare Bankruptcy?

With the tax rates, pensions and income decreasing, and medical costs rising, it has become increasingly hard for senior citizens. Your income becomes off-balance compared to debt which is why filing for bankruptcy might seem like the next best step. With Chapter 7 and Chapter 13 bankruptcy, seniors get a way to deal with their debt trouble.

Bankruptcy Assistance for Low Income Families

Did you know that it can cost a lot of money to file for bankruptcy? If you didn’t, don’t fret as not many people are prepared for this financial burden. These costs might be hard especially for low-income families. However, there are different bankruptcy assistance options available to help these low-income families pay for a bankruptcy lawyer. In this article, we will discuss the different bankruptcy aids available for those who cannot pay for a bankruptcy lawyer.

What Happens to Retirement Accounts in Bankruptcy?

Even with numerous debts, retirees can now depend on their retirement accounts to fund their lifestyles as a result of the law passed by the United States Congress a few years ago. Also, a significant amount of retirement accounts are excused from bankruptcies – with each state having its exemption sets. However, several limitations exist.