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Category: debt

Bankruptcy Can Fix Bad Car Loans

Have you ever had a bad car loan?  Maybe the car itself was the problem or perhaps the terms and interest rate of the car loan created a long term debt that simply would not fit in your budget. You are not alone.  Many people with bad credit have trouble purchasing dependable transportation.  If a […]

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NYT: Household Debt Makes a Comeback in the U.S.

It took nearly a decade, but debt has made a comeback. Americans have now borrowed more money than they had at the height of the credit bubble in 2008, just as the global financial system began to collapse. The Federal Reserve Bank of New York said Wednesday that total household debt in the United States […]

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Puerto Rico Files for Bankruptcy Protection

Even a government like the Territory of Puerto Rico can file for bankruptcy protection.  Here’s the story from The Trumpet: “What lessons should America learn from Puerto Rico? By Robert Morley • May 12  Puerto Rico just triggered the biggest bankruptcy in the history of the American public bond market. On May 3, the island […]

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Are Student Loans the Next Financial Bubble?

Here is information about student loan debt from Triple Pundit: Over the past 15 years, Congress enacted a bevy of laws in an attempt to reform financial and disclosure legislation. From Sarbanes-Oxley to Dodd-Frank, the goals of such legislation include increased transparency, a boost in consumer protection and, of course, shirking the onset of another […]

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