May 22, 2012

New Study Suggests Credit Counseling is Beneficial for Bankruptcy Filers

We've all heard clients complain about the pre-filing credit counseling requirement and ask why they have to jump through this hoop when they know they're going to end up filing for bankruptcy anyway. In many cases, we may be inclined...

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...]