The revenue banks get from interchange fees helps to offset money lost from fraudulent transactions.

The number of businesses filing bankruptcy has increased significantly over the past few years. But how does a company exiting Chapter 11 bankruptcy become truly viable? Let’s take a look at a few post-bankruptcy survival tips for businesses:

As it stands, a full 62 percent of all bankruptcy filings in this country are caused by medical bills.

The true face of bankruptcy is NOT the former millionaire turned fraudster or slickster, it is the ordinary people in our society who have run into a bit of bad luck and misfortune.

In a recent Chapter 11 bankruptcy filing here in Texas a debtor’s bankruptcy discharge was challenged after the debtor failed to list a creditor on their bankruptcy petition.

Chapter 9 bankruptcy or what is commonly called municipal bankruptcy allows cities and towns to restructure its finances in much the same way that a Chapter 11 bankruptcy allows a business to restructure its debts.

The effect of the discharge is not to extinguish the debt, but rather to release the debtor from personal liability. Hall v. National Gypsum Co., 105 F.3d 225 (5th Cir. 1997).

Like millions of car purchasers every year, Marlene Penrod went into a dealership with an old car, a 1999 Ford Explorer, wanting to purchase a new car, a 2005 Ford Taurus. She held only registered, not legal, title to the Explorer. Her lender for the Explorer held legal title until she paid off the remainder of the loan.

The Federal Reserve is coming under fire after it proposed that credit card companies consider individual income and not household income when deciding whether they will issue a credit card.

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.