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Tag : bankruptcy

Over 50 Percent of Student Loans in Deferment

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Credit bureau TransUnion has released data from a study which shows that more than half of all student loans accounts are in deferment, meaning that the repayment of the interest and principal of the loan is being temporarily delayed. In addition, 43.5 percent of all student loan balances are currently defered, and the company further […]

Bill Proposed To Help Student Loan Borrowers

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Earlier this month, United States Senators Dick Durbin (D-IL), Tom Harkin (D-IA), and Al Franken (D-MN) again introduced two pieces of legislation aimed at helping people struggling with their student loans. The two proposed bills are known as the Fairness for Struggling Students Act of 2013 and the Know Before you Owe Act of 2013. […]

Hostess Accepts Bid on Twinkies, other Snack Cakes

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Bankrupt snack cake maker Hostess has chosen a lead bid for selling off the rights to its iconic snack cakes. According to a statement issued by the company, it has accepted a joint offer from investment firms Metropoulos & Co. and Apollo Global Management LLC. The two companies have placed a $410 million bid for […]

Court Rules that Cell Phone Users may Sue Debt Collectors Calling Old Numbers

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A case decided by the United States Court of Appeals for the Seventh Circuit earlier this year protects consumers from incurring cell-phone charges as a result of automatic dialers employed by credit collection companies. In Soppet v. Enhanced Recovery Company, LLC, the court held that under the Telephone Consumer Protection Act, 47 U.S.C. §227, a […]

Bankruptcy can Happen to Anyone

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If you are considering filing for bankruptcy, you may be having feelings of guilt or failure. Don’t. Bankruptcy can happen to anyone, regardless of their work ethic or their financial planning. Often, unanticipated events in life, work, or in the market can have disastrous effects on a person’s financial situation, leaving obligations and liabilities that […]