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Bankruptcy and Debt Relief Attorney serving Palm Bay
Household debt rose $241 billion in the third quarter of 2013. Analysts at the New York Fed say the 2.1 percent increase was the largest jump since 2007. The debt was primarily mortgage debt and new car loans, which is seen as a sign that consumers are gaining confidence in an improving economy. However, student-loan...
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Student Loan Debt dischargability
Student loans are very difficult, but not impossible, to discharge in bankruptcy. Prior to the 2005 bankruptcy reforms, student loans were segregated into two classes: private loans and federally-guaranteed loans. Private loans, mostly loans obtained to attend a private technical school or career-training school, were generally dischargeable in a Chapter 7 bankruptcy at any time....
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Bankruptcy Attorney serving Melbourne, FL
Bankruptcy does not have to mean the end of the game. When you and your friends played “Monopoly,” declaring bankruptcy meant financial failure so intense that recovery was difficult or impossible. Some moneylenders and debt-buyers like to perpetuate that idea in the real world, to keep honest American families form declaring bankruptcy to eliminate debt...
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Fed: Steep Increase in Consumer Debt in 3Q 2013
Americans are back to borrowing at a near-record pace. The government recently announced that consumer debt rose 1.1 percent to $11.28 trillion in the third quarter of 2013, the highest such increase since the first quarter of 2008 and close to the all-time record high, set just before the housing collapse in the third quarter...
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Mortgage Foreclosure Attorney serving Brevard County
An increasing number of cities are turning to the power of eminent domain to reduce the number of residential home foreclosures. Cities in New Jersey, New York, Minnesota and California are exploring the possibility of “friendly condemnations” in which the city buys the mortgage of an underwater homeowner. If the investor refuses to sell, the...
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