May 22, 2012

Bankruptcy Filings Come Full Circle – What Does it Mean for Your Practice?

In 1997, when the first version of what would become BAPCPA was drafted, non-business bankruptcy filings reached 1,313,112. The consumer credit industry fought for years and spent hundreds of millions of dollars to ensure that bankruptcy reform became law. In...

Medical Bankruptcy

Consumer Debt Rose $21 Billion Last Month Thanks to Credit Card Use

The total amount of consumer credit circulating in the United States rose by more than $21 billion last month, raising concerns that more people … [Read More...]

ResCap Files For Bankruptcy, Eyes Paying Back Taxpayer Bailout Money

Ally Financial Inc’s mortgage unit, named Residential Capital (ResCap for short), filed for bankruptcy on Monday, according to Reuters. Ally … [Read More...]