New Jersey Bankruptcy Article By GRETCHEN MORGENSON Published: May 2, 2009 HIGH school seniors, thrilled at receiving fat envelopes from the colleges of their choice last month, must now figure out how to pay for the privilege of attending these institutions. For many, this will mean a journey into private student loan land, where financial […]
Does God Want You to Be Bankrupt?
New Jersey Bankruptcy Article By RON LIEBER Published: May 1, 2009 This week, yet another Washington debate over who deserves a break on their debts drew to a close. On Thursday, the Senate voted against allowing judges to adjust the terms of the mortgages of people filing for personal bankruptcy. Scratch the surface of the […]
Debt Settlers Offer Promises but Little Help
By DAVID STREITFELD Tyna Carter, burdened with $25,000 in credit card debt, did not want to be a deadbeat. After looking for help on the Internet, Mrs. Carter, a West Virginia homemaker, wound up in the hands of a sweet-talking ³credit specialist² from Texas. He claimed his company, Credit Solutions of America, could set her […]
In Grim Market, Student Loans are a Costly Burden
New York Times Article By TARA SIEGEL BERNARD Published: April 17, 2009 They bought into the notion that if they went to college — never mind the debt — their degree would lead to a lucrative job. And repaying their student loans would never be a problem. But the economic crisis has turned those assumptions […]
Faulting Credit Firms on Fixing Errors
New Jersey bankruptcy Article The New York Times By BOB TEDESCHI Published: February 6, 2009 MANY consumers are unaware what their credit score is until it’s time to apply for a home mortgage, but by then it is often too late to fix any mistakes that they might uncover in their credit reports. A new […]
Why should companies that extend credit to somebody who’s already drowning in debt benefit in bankruptcy court? Let ’em take their lumps.
New Jersey bankruptcy Article The bankruptcy-reform law of two years ago should be renamed the Drive More People Into Bankruptcy Act of 2005. As you probably know, the law sent bankruptcy cases to record highs that year, as nearly 2 million people rushed to file before tough new restrictions went into effect. But the law […]
Prisoners of Debt: A fresh start with bankruptcy?
New Jersey bankruptcy Article Business Week Top News November 1, 2007 Big lenders keep squeezing money out of consumers whose debts were canceled by the courts by Robert Berner and Brian Grow In a financial version of Night of the Living Dead, debts forgiven by bankruptcy courts are springing back to life to haunt consumers. […]
Avoiding Foreclosure
New Jersey bankruptcy Article THE NEW YORK TIMES March 31, 2007 Homeowners, Call Your Bankers Before They Call You By DAMON DARLIN The day of reckoning is near for millions of homeowners who financed their dream house by taking out an adjustable-rate mortgage. Rates are resetting higher, and in some cases, the monthly mortgage payments […]
What you need to know about medical debt and your health insurance
New Jersey bankruptcy Article Tuesday, January 02, 2007 MEDICAL DEBTS – MY INSURANCE WAS SUPPOSED TO PAY THAT A large portion of my debt collection practice is made up of the collection of past due medical bills. Unfortunately, the vast majority of the people I end up suing for past due medical bills are not […]
Protectors, Too, Gather Profits From ID Theft
New Jersey bankruptcy Article By Eric Dash Published: December 12, 2006 Melody Millett was shocked when her car loan company asked her if she was the wife of Abundio Perez, who had applied for 26 credit cards, financed several cars and taken out a home mortgage using a Social Security number belonging to her actual […]