Even car buyers with tarnished credit histories are getting financing, in some cases without making a down payment. More than 859,000 new cars were sold to consumers with a so-called subprime credit rating in 2010, a nearly 60 percent increase from the year before, according to CNW Marketing Research.

In 2010, more than 1.5 million Americans filed bankruptcy

Post-bankruptcy debtors who still have debts to pay after their discharge need to ask themselves a consider a few things so that they can both prepare for retirement

Post-bankruptcy debtors must realize that dealing with the credit card industry is much like a game of musical chairs. Just when you think you got it all covered, the music stops or suddenly changes.

Some are suggesting that debtors skip the expense of working with a bankruptcy attorney and do a DIY bankruptcy filing Pro Se.

Under most state laws a business is not allowed to assert an action or claim against someone in another state if it the action/claim arises for a transaction for which they are not properly registered with the state. This often arises in the case where lenders are not licensed to grant home equity loans in a certain state.

Many debtors who are filing bankruptcy with student loans wonder if it would be better to include the loans in a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. Well the first thing debtors need to know is that the determination of whether they will file Chapter 7 or Chapter 13 bankruptcy is made by their income. If they earn below the median income for their household size and location, they may qualify for Chapter 7 bankruptcy.

Since 2002, eight Catholic Archdioceses have filed bankruptcy due to the financial costs associated with compensating abuse victims. The most recent archdiocese to file bankruptcy released an audio sermon by Archbishop Jerome Listecki which cast their bankruptcy filing as an opportunity for renewal.

During this recession more young people 18 – 34 years old are trying to take charge of their finances.  But taking charge of finances can be particularly difficult for college educated youth who are short on resources and deep in debt.  Making their situation worse is the fact that jobs are in short supply and [...]

Everyone wants a fresh start. We even tell others: “You deserve a fresh start” when they’ve gone through an extreme situation or emotional crisis. And yet most people continue to shy away from the fresh start that bankruptcy can provide. Why is this? Social stigmas about bankruptcy are probably the most powerful reason most people have from filing bankruptcy. We believe that it makes us a “bad person” or less than upright if we discharge our debt. I’m here to tell you that not only is that not the case, but that is exactly what creditors want you to believe so that you stay enslaved by their high interest rates and immoral practices forever.