At Arms Length During a Chapter 13
Transaction at a Farmers Market in 2009. (Photo credit: Wikipedia) Throughout the history of bankruptcy in the United States, every angle of making payments in a Chapter 13 has carefully been considered. After all, if you file bankruptcy, no one wants to pay more back to their unsecured creditors than they have to by law, [...]
Disturbing Study Finds that Women Pay More for Credit Cards Than Men
An interesting new study discovered that women tend to pay more for their credit cards than men do, and the disparity is often fairly substantial, according to a recent report from ABC News. The difference has been noted before by other researchers, but the trend shows little sign of stopping, and some believe that the [...]
Maine Felon Milks State, Bilks Dozens, Then Files Chapter 7 Banruptcy
Dawn Solomon has been indicted on charges of stealing $4 million from the state’s MaineCare program; she began serving a 42-month sentence at the Maine Correctional Center this past June. Solomon, a Norway-based health care provider, has been allowed to discharge her personal debts by filing Chapter 7 bankruptcy in the U.S. Bankruptcy Court in [...]
Bankruptcy and Some Financial Responses Afterward
After closing a bankruptcy, bloggers often indicate on the internet a variety of ways they financially responded to being former filers. It seems, whether ending up financially responding by living within their means or going back to their former lifestyle of spending all depended on the individual circumstances of the filers. Most filers sharing their [...]
Is Excess Student Debt Hurting Home Sales?
Many economic analysts are quick to agree that the economic crisis we’re still battling started in the housing market, and that no real recovery will occur until the real estate industry recovers. That analysis is troubling, given a recent report from Bloomberg Businessweek about the link between high levels of student debt and mortgage loans. [...]
Massachusetts Civil Engineering Firm Files Chapter 7, Closes Doors
Cullinan Engineering Co. Inc., established in 1940, one of Massachusetts’s most prominent civil engineering firms, has closed following its bankruptcy filing. The company had employed 50 technical professionals and support staff. Robert B. Cullinan, company president, signed the Chapter 7 bankruptcy filing this summer, stating that his company had $22,545 in assets and $1,350,465 in [...]