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.

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.

In the recent Chapter 7 bankruptcy case of a relatively affluent couple, one of which is an attorney, the bankruptcy judge denied the discharge of the couple’s debts. What did the couple do to deserve a bankruptcy discharge denial?

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.

It’s tax time again and many debtors are wondering if they can keep their tax refund after they file bankruptcy. Well, let’s take a look at how tax refunds are handled in both Chapter 7 bankruptcy and Chapter 13 bankruptcy:

Debtors who have filed Chapter 13 bankruptcy and are later unable to complete their plan payments due to financial difficulties often consider converting their case to a Chapter 7 bankruptcy. Most times the conversion of a Chapter 13 bankruptcy to a Chapter 7 bankruptcy goes forward without a problem.