Recent Posts in Overwhelming Debt Category

  • Company Accused of Preying on Student Loan Borrowers Files for Bankruptcy

    Here's a problem I am seeing more and more of as student loans skyrocket. As reported in the ABI Journal, Student Aid Center Inc. filed for bankruptcy last week, claiming between $500,001 and $1 million in assets and between $1,000,001 and $10 million in estimated liabilities, MarketWatch.com reported on Friday. The company is part of a burgeoning industry of student debt-relief firms that ...
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  • 50 Cent Says Bankruptcy Plan Would Be Like Indentured Servitude

    ​Bankrupt rapper 50 Cent says the debt-repayment proposal up for review by a judge later this week would subject him to a form of modern-day indentured servitude, the Wall Street Journal ’s Bankruptcy Beat blog reported yesterday. In court papers, lawyers for 50 Cent, whose real name is Curtis James Jackson III, argued the proposal would force the 40-year-old entertainer to turn over all of the ...
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  • Creditors file Chapter 7 bankruptcy petition against firm

    Filing for bankruptcy is an option that people struggling to make ends meet can avail to confront overwhelming debt and get control over their finances. Usually, Arizona residents will realize that they are facing financial difficulty and finances are running out of control. To regain that control without losing possession of everything they own, they can file for Chapter 7 bankruptcy. After ...
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  • Political candidate files for Chapter 7 bankruptcy

    It's not uncommon for people in Maricopa to experience financial issues and to be struggling with debt. One solution frequently used to get a handle on debt problems is Chapter 7 bankruptcy. Many may see filing for Chapter 7 bankruptcy as something they would never consider or believe is a tactic some use to shirk their responsibilities. In reality, it is a tool that many have utilized to get a ...
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