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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 […]
The photography and digital imaging giant Eastman Kodak has again requested that a United States Bankruptcy Judge extend the amount of time it has to emerge from bankruptcy. Kodak is asking that the court extend its deadline to file a bankruptcy exit proposal until May 31st of this year without threat from competing plans and […]
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. […]
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 […]