by KaitlynB | Oct 7, 2021 | Bankruptcy
Colt has been manufacturing guns in the United States for 160 years. As a result of the iconic gunmaker’s financial struggles, it missed a $10.9 million interest payment on its debt last month. It a regulatory filing, Colt stated that its failure to make the May...
by KaitlynB | Oct 7, 2021 | Bankruptcy
On Tuesday, Rep. Chris Collins (R., N.Y.) introduced a bill that would bar bankruptcy trustees from attempting to claw back tuition money from universities, and under some circumstances, from college students – a legal strategy that arises in some parents’ bankruptcy...
by KaitlynB | Oct 7, 2021 | Bankruptcy
The total student loan debt in the United States is in excess of $1.3 trillion, thus, it’s understandable why lawmakers are under considerable pressure to allow borrowers to include their student loan debt in their bankruptcy filings. Unlike credit cards, medical...
by KaitlynB | Oct 7, 2021 | Bankruptcy
Only people with zero spending control file for bankruptcy, right? Nothing could be further from the truth, say bankruptcy attorneys nationwide. Just ask any bankruptcy lawyer why their clients are driven towards bankruptcy, and you will hear the same reasons...
by KaitlynB | Oct 7, 2021 | Bankruptcy
It is no secret that Americans have faced economic challenges in the last decade, especially in light of the Great Recession which led to millions of foreclosures across the nation. While it is safe to assume that the majority of these folks were not eager to file...
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