Biden Loan Forgiveness & Bankruptcy President Joe Biden announced his long-awaited student loan forgiveness plan. The plan, which was telegraphed in his campaign promises of $10,000 forgiveness per borrower, came in at that level – more if you qualified for Pell Grants while in school. However, the plan drew criticism from both sides of the […]
Bankruptcy Statistics Show a Surprising Trend in Early 2022 With the global pandemic, shutdowns, lockdowns, layoffs, and reduced working hours, many expected a drastic increase in the number of bankruptcy filings in the latter half of 2020 and throughout 2021. Many people were wrong, it turned out — bankruptcy filings actually decreased significantly in both years. […]
As Holiday Spending Rises, 60% of Americans Live Paycheque to Paycheque Recent economic trends have highlighted a concerning reality for many American households. Despite a slight easing of inflation, as noted by the Federal Reserve, the financial pressures on families remain acute. As we approach the holiday season, which is notorious for being a financial […]
Americans Are $1.13 Trillion in Debt – What Does This Mean? The Current State of Credit Card Debt in the U.S. The total credit card debt in the United States has reached a staggering $1.13 trillion, as reported by the Federal Reserve Bank of New York. A significant rise was observed in the last quarter […]
5 Tips for Dealing With Debt Collectors Sun Tzu said: “Know the enemy and know yourself. Your victory will be painless. Know the weather and the field. Your victory will be complete.” So let’s first discuss the enemy: the debt collector. In order to understand the debt collector, you have to understand how debt collection […]
10 Bankruptcy Terms You Need to Know Are you familiar with the difference between the various chapters of bankruptcy? Can you define an adversary proceeding? Do you know the qualifications for a bankruptcy means test? If you answered “no” to any of those questions, then don’t worry – most of us can’t. Bankruptcy is a […]
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