Thu, 28 Apr 2005 21:07:14 GMTWhen Chapter 7 filers wipe out their debts, card firms jump to offer them new credit cards. Under a new bankruptcy law these offers are likely to increase.
Thu, 28 Apr 2005 21:07:14 GMTThe House gave final passage yesterday to legislation intended to make it harder for consumers to wipe out debt through bankruptcy, clearing the way for President Bush to sign the bill into law as he has promised to do.
Thu, 28 Apr 2005 21:07:14 GMTThe House voted 272 to 162 Wednesday to permanently repeal the estate tax, throwing the issue to the Senate where negotiations have begun on a deep and permanent estate tax cut that can pass this year, even if it falls short of full repeal.
Thu, 28 Apr 2005 21:07:14 GMTAbout 29 percent of African Americans who bought or refinanced homes last year ended up with high-cost loans, compared with only about 10 percent of white Americans, according to an a consumer advocacy group's analysis of new data from 15 large national lenders.
Thu, 28 Apr 2005 21:07:14 GMTCharities and other nonprofits exempted from taxes because they serve a public purpose have become a hotbed of tax evasion and abuse, according to the head of the IRS.
Thu, 28 Apr 2005 21:07:14 GMTThe Federal Trade Commission announced yesterday that three consumer debt-service companies have settled charges that they cheated financially strapped customers out of more than $100 million.
Thu, 28 Apr 2005 21:07:14 GMTIt took eight years of political maneuvering, but a bill to overhaul the nation's bankruptcy system now looks close to becoming law. If it does, that's when the real fight will begin.
Thu, 28 Apr 2005 21:07:14 GMTFor ordinary Americans, bankruptcy may be a chance to start over, but it generally means starting over from scratch, with little more than a few personal possessions and -- if they're lucky, some home equity.
Thu, 28 Apr 2005 21:07:14 GMTUnder proposed bankruptcy legislation, which appears to be on the road to passage, individuals will have to undergo some form of credit counseling at least 180 days before they are allowed to file for bankruptcy protection.
Thu, 28 Apr 2005 21:07:14 GMTBankruptcy laws provide filers with protection from many kinds of creditors, but tax collectors generally are not among them.
Thu, 28 Apr 2005 21:07:14 GMT"I feel like I've got a big 'L' on my forehead," said Donna Roman.
Thu, 28 Apr 2005 21:07:14 GMTBrent Rivers struggled for almost 10 years after a car accident left him with a broken hip and pelvis before he finally filed for bankruptcy protection in December.
Thu, 28 Apr 2005 21:07:14 GMTScott Sullivan spent the morning of St. Patrick's Day at a bankruptcy hearing in downtown Alexandria, making a case to a federally appointed trustee for why he should be allowed to wipe out $20,542.04 in credit card debt under Chapter 7 of the federal bankruptcy code.