Topics: Bankruptcy - 55 results

The Rising Cost of Going Bankrupt Bankruptcy is the last lifeline for consumers facing insurmountable debts, but it still comes at a price. Hundreds of thousands of Americans are unable to afford the cost of filing for Chapter 7 bankruptcy, according to a new study. The average cost for filing Chapter 7 bankruptcy is more than $1,500, including attorney’s fees. Find Out More…   More Consumers Suing Over Debt Collection Harassment There’s been a recent surge in the number of …

On average, 5,102 Americans filed for bankruptcy each day that court was in session over the first four months of this year — and that’s the good news. Bankruptcy filings are down 13 percent so far in 2012, according to the American Bankruptcy Institute. The bad news, according to Florida attorney Brent Rose, is that policies that could have helped limit health care-related bankruptcies may not survive a court challenge, and that foreclosed homeowners are increasingly being pushed into insolvency …

Bankruptcy is the last lifeline for consumers facing insurmountable debts, but it still comes at a price. Between 200,000 and one million American consumers are estimated to be unable to afford the cost of filing for Chapter 7 bankruptcy, according to new research released by the National Bureau of Economic Research. The research also reported the average cost for filing Chapter 7 as more than $1,500, including attorney’s fees. The court costs associated with filing a petition account for about …

Nadya Suleman, famous for having 14 children including eight at once in 2009, is in a triple train wreck of foreclosure, bankruptcy and child welfare problems. As she stares down a number of legal challenges with little outside support, Lawyers.com asked several lawyers to give her their advice for Octomom. Suleman declared bankruptcy, with debts up to $1 million House she lived in with 14 children is up for auction Child welfare officials visited the family recently to check on …

A new law under consideration by the United States Senate could make bankruptcy a viable option for consumers who are struggling to repay their student loans, if the loans came from a private lender. Student loans cannot currently be discharged in bankruptcy without rare “undue hardship” $1 trillion in student debt seen as threat to the nation’s economy “Fairness for Struggling Students Act” would grant avenue of relief for people who can’t pay   Debt Bomb Student loan statistics in …