Modern bankruptcy laws permit the debtor to keep certain property necessary to maintain a modest standard of living. These laws, called exemptions, protect property from collectors so that the debtor has a reasonable chance at a fresh financial start after bankruptcy. However, while these protections afford the honest debtor a fresh start, some individuals try [...]
A recent study shows that one in four borrowers have trouble repaying their student loans. The study was released by the Institute of Higher Education Policy, a Washington nonprofit organization, and reveals that 26 percent of borrowers who entered repayment in 2005 became delinquent within the first five years of repayment, and 15 percent of [...]
APR or Annual Percentage Rate determines the total cost of your credit in terms of annual rate. You should carefully understand the APR and different facts related to it. Different APRs on Various Transactions Usually creditors allow users to use their credit cards with full freedom by giving them introductory APRs on various transactions. Promotional [...]
Collection agencies could charge up to $1,950 plus “reasonable attorney fees” on a house that is late on its homeowner association assessment under a bill passed out of committee Friday by Senate Democrats. Senate Bill 174 passed along party lines after an intense debate that had Republicans accusing Democrats of wading into a legal battle [...]
Clothing manufacturer and retailer American Apparel is considering entering into bankruptcy protection. The company is based in Los Angeles and would have to raise between $20 and $25 million in order to avoid filing for bankruptcy. American Apparel is said to have around $5.3 million in cash and reported that it “may not have sufficient [...]