Posts By: Thomas Burns

ITT EDUCATIONAL SERVICES FILES FOR CHAPTER 7 BANKRUPTCY

Posted December 14, 2016 by

ITT Educational Services Inc. recently began liquidation proceedings in bankruptcy after closing 136 technical schools, leaving over 35,000 students stranded in one of the largest college shutdowns in U.S. history. The for-profit college, operating campuses in 38 states, said it was forced to close its doors after the U.S. Education Department demanded a steep increase in… Read more

50 Cent’s Bankruptcy Case has Ended

Posted July 11, 2016 by

50 Cent’s Bankruptcy Case has Ended 50 Cent’s bankruptcy case has ended with a judge signing off on a deal that finds the rapper (real name Curtis Jackson) paying out $23 million to his creditors over the next five years. “Mr. Jackson is pleased that the Bankruptcy Court approved his plan of reorganization today, less… Read more

Check Your Credit Report and Credit Score

Posted February 16, 2016 by

Check Your Credit Report and Credit Score. It is a very good idea to check your credit report for accuracy. You can check your credit report for free once a year. https://www.freecreditreport.com And you can check your credit score for free at this site. It will also offer suggestions for improving your score. https://www.credit.com Credit… Read more

Donald Trump Praises Beneficial Power of Bankruptcy

Posted February 15, 2016 by

Donald Trump Praises Beneficial Power of Bankruptcy. Donald Trump praises the beneficial power of Bankruptcy and makes case for consumers. In case you might have been misled about the benefits of filing bankruptcy when you run into money troubles, it seems Donald Trump has become the spokesperson of why filing bankruptcy is a smart thing… Read more

FAQ: WHAT IS BANKRUPTCY & WILL IT WIPE OUT ALL MY DEBTS?

Posted January 29, 2016 by

FAQ: WHAT IS BANKRUPTCY & WILL IT WIPE OUT ALL MY DEBTS? Bankruptcy refers to a federal court procedure that allows debtors to catch up on their debts by having some of them discharged and others repaid, depending on the type of bankruptcy. The process is available to both businesses (which often file for Chapter… Read more

Live Longer After Filing Bankruptcy? Economists Say “Yes”

Posted June 7, 2015 by

Live Longer After Filing Bankruptcy? Economists Say “Yes”. A recent study by the National Bureau of Economic Research suggests that those who file for Chapter 13 bankruptcy whose cases were confirmed and completed through discharge derive significant economic and health benefits from their filings as compared to Chapter 13 debtors whose cases were dismissed. The… Read more

CREDIT REPORTING INDUSTRY TO CHANGE REPORTING METHODS

Posted May 13, 2015 by

CREDIT REPORTING INDUSTRY TO CHANGE REPORTING METHODS. GOOD NEWS FOR CONSUMERS: The three credit reporting companies that collect and disseminate credit information on most American will change the way they handle errors and list unpaid medical bills as part of a broad industry overhaul. The plan is part of an agreement with New York Attorney… Read more

SHOULD BANKRUPTCY ADDRESS STUDENT LOAN DEBT

Posted May 8, 2015 by

From Dow Jones-Bankruptcy & Debt news: Should Bankruptcy Address Student Debt? May 07, 2015 In a report released last year, the New York Federal Reserve estimated that student loan debt had climbed to $966 billion in 2012, with more than two-thirds of that debt owed by borrowers younger than 40 years old. The report estimated… Read more