Parent goes to extremes because of children’s student debt
Everyone reacts to debt in his or her own way. Some respond by aggressively cutting their personal budgets to pay down debts. Others ask family members for help. And some turn to
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Bankruptcy Attorneys In Miami-Dade, Broward And Monroe Counties
Bankruptcy Attorneys In Miami-Dade, Broward And Monroe Counties
Month: February 2011
Former NFL star filed bankruptcy before committing suicide
There used to be a stigma about bankruptcy, but that stigma is long-since gone. In today's economy, people from every walk of life have filed for bankruptcy to get relief from overwhelming debt. Now it has been announced that even former football stars have turned to...
More than 14 percent of Florida mortgages in foreclosure
It used to be that signing your mortgage documents was an exhilarating experience. New homebuyers eagerly agreed to the terms of the loan because they knew it was an important step towards becoming homeowners.Now, most homebuyers (and lenders for that matter) sign...
Bookstore mega chain Borders files for chapter 11 bankruptcy
Today, Borders Group Inc. filed for chapter 11 bankruptcy. The filing comes after months of failed maneuvers aimed at avoiding small businesses, chapter 7 or 13 may be a better option. However, for companies of Borders' size, chapter 11 offers many opportunities....
Homeowners more behind on payments before foreclosure
It can take a long time for the foreclosure process to move from the time a lender issues a foreclosure notice to the time the homeowner is evicted. But the time between the homeowner's first missed payment and that eviction is even longer. Last year, homeowners...
Florida consumers carry 3rd highest debt in country
Over the past few months, we have heard a lot about Americans tightening their financial belts and using extra income to pay down debts. And for some, the post-holiday period is about paying off those Christmas bills. However, new numbers released by Equifax show that...
Credit card company tries to collect on old debts
For people struggling with debt, receiving letters demanding payment is a frequent occurrence. But for individuals who believed their debt was "charged-off," receiving such a letter can be a shock, especially if the creditor is now demanding payment of many years of...
