In the years following the Great Recession, consumer debt has steadily risen. Even as the economy has recovered a little bit here and there, our household debt has a way to go in terms of catching up. We’ve lost a job and it’s still been hard to find a new one. We have medical bills that are impossible to pay, credit card debt that continues to mount, or our homes are about to go into foreclosure. With family members struggling just as equally, it can seem like there’s nowhere else to turn. However, we do have options. Bankruptcy may be one of them. Learn more about consumer debt and bankruptcy from the National Bankruptcy Forum.
5 Tips for Spending — and Saving — During the Holidays
Every holiday season, millions of Americans head to the nearest shopping outlet, online or off, to spend hundreds of dollars on gifts for their friends and family. Nearly 3 in 4 Americans shop every Thanksgiving weekend, according to an annual survey by the National Retail Federation (NRF), to score deals on Thanksgiving Day, Black Friday,…Read more
Planning for Retirement: What Women Should Consider
Retirement is a luxury that requires some planning, and yet, only one-third of women think they are well prepared for retirement — and often they are not as well prepared as men. Let’s examine some of the reasons why women fail to prepare for retirement and look at what you can do to get ready…Read more
Chapter 7 Bankruptcy in Georgia: What You Need to Know
Georgia, the largest state east of the Mississippi river, is famous as the nation’s foremost producer of peaches, pecans and peanuts. It was one of our original colonies, and back in 1776 its population was 40,000 —compared to today’s population of 10,310,371, making it the eighth-most populous state in the nation. The Atlanta metropolitan area is the ninth-largest…Read more
Corinthian Colleges Students Eligible for Loan Discharge
Get out of student loan debt free? If you’re a former student of Corinthian Colleges, you might. The for-profit Corinthian Colleges, which stopped operating in 2015 and displaced more than 10,000 California students, was under fire by the U.S. Department of Education after it found the schools made false claims about their post-graduation employment rates…Read more
10 Statistics about US Medical Debt that Will Shock You
Medical debt is a big problem in the United States. For years, it’s been the No. 1 reason people file for bankruptcy — even though the more common assumption is that those struggling financially have been overspending in other areas of their life. Luckily, bankruptcy can be a helpful solution for a lot of people. It’s…Read more
NYC’s Worst Debt Collectors: Who are They?
Over 20 million people live in one of our country’s biggest regions, metropolitan New York. Unfortunately, New York City has been hard hit by the coronavirus which is a threat to public health as well as the economy. The economic impact of COVID-19 shutdowns could put millions in dire straits financially, and sadly, many of these…Read more