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:

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.

In 2010, more than 1.5 million Americans filed bankruptcy

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.

Having a vehicle to get to and from work is an important part of recovering financially after Chapter 7 bankruptcy. That’s why bankruptcy offers many options for handling car loans. Let’s take a look at four options for handling your car loan in Chapter 7 bankruptcy:

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.

As baby-boomers begin to retire, the reverse mortgage industry is poised for a massive expansion.  But are reverse mortgages a “solution” for indebted seniors trying to avoid bankruptcy?  Let’s take a look at a few facts.

Reverse mortgages are used by seniors who are “house rich” and “cash poor.”  In order for a senior, someone who [...]

Divorce and bankruptcy can be a sticky situation.  Oftentimes the two parties involved are not amicable and want very different things.  Let’s take the case of a divorced couple who have an agreement that they will both continue to make mortgage payments on a house; but one of the spouses stop paying on the mortgage.  [...]

Approach alternatives for debt management with caution.