Category

Bankruptcy & Debt Relief

Health Insurance and Bankruptcy

By Bankruptcy & Debt Relief

In a study published by the American Bankruptcy Institute, people are twice as likely to file for bankruptcy if their health insurance has been interrupted. In fact, there’s a significant association between coverage interruption and consumer bankruptcies researchers found upon analyzing Bureau of Labor Statistic data of over 12,500 people….

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Baby Boomers and Debt

Baby Boomers and Debt

By Bankruptcy & Debt Relief

In a research paper recently published by the Indiana University Maurer School of Law, it seems that older Americans are filing bankruptcy at increasingly higher rates. Despite the fact that Boomers’ parents lived through The Great Depression and were forced to live lives of tremendous frugality, Boomers are living longer…

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Increased Bankruptcy Risk

Increased Bankruptcy Risk

By Bankruptcy & Debt Relief

If you have experienced an interruption in your health insurance coverage, you are twice as likely to file for bankruptcy. This dire statistic was presented in a study published by the American Bankruptcy Institute earlier this summer. The study’s researchers looked at statistics from the Bureau of Labor Statistics of…

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Coal Mine Protest

Coal Mine Protest

By Bankruptcy & Debt Relief

Blackjewel LLC, a floundering coal mining company, recently declared bankruptcy, but creditors and affected employees alike are displeased with the way the company is handling the bankruptcy. Earlier this month, a federal judge approved the sale of Blackjewel to Contura Energy Inc. with a down payment of $8.1 million. The…

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Debt Relief and Shortcuts

Debt Relief and Shortcuts

By Bankruptcy & Debt Relief

Earlier this month, Freedom Debt Relief settled with the Consumer Financial Protection Bureau after allegations the company deceived borrowers who relied on their services to obtain debt relief. Freedom Debt Relief agreed to pay $20 million in restitution to the aggrieved customers and a $5 million civil penalty, but the…

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