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Lawyers: New law only hurts the innocent
By Marcy Gordon
the associated press
Tucson, Arizona | Published: 02.23.2006

WASHINGTON - A new law making it harder to erase debts in bankruptcy has
failed to stop abuses and has stymied people who have legitimate reasons to
file, a group representing bankruptcy attorneys contended Wednesday.

A report released by the National Association of Consumer Bankruptcy
Attorneys was based on an analysis of 61,335 people who have gone to
...   more »

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Wednesday February 22, 1:30 pm ET

NACBA Analysis of More than 60,000 Consumers Processed Under New Law Asks:
'Where Are the Deadbeats' Congress Expected to Find and Stop With Onerous
Rule Changes?

WASHINGTON, Feb. 22 /PRNewswire/ -- The first analysis of tens of thousands
of consumers seeking protection since a new federal bankruptcy law went into
effect last October concludes that the changes put in place by Congress are
not working as intended. The report by ...   more »

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Legal world abuzz about tirade calling act inane, confusing.
By Robert Elder
AMERICAN-STATESMAN STAFF
Monday, February 06, 2006

FREDERICKSBURG - Alfonso Sosa, a house painter here who made about $20,000
last year, filed for bankruptcy the morning of Dec. 6, hoping to avoid the
foreclosure on his family's mobile home scheduled for later that day. Judge
Frank Monroe of Austin rejected the case 16 days later - with a bang.

In his ruling, Monroe said the ...   more »

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Tuesday January 24, 6:00 am ET

Justin Harelik

Dear Bankruptcy Adviser,

My husband recently left me with a large debt with our business and I have
no choice to but to file bankruptcy (on behalf of the business). He also
left me with no income. I used my retirement to set him up in business and
he has embezzled money. I do plan to file charges. I have no choice but to
use my credit cards ...   more »

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Some people rely on check cashing stores to cash their payroll, government,
or personal checks. These corner stores charge customers very high fees for
their check cashing needs. If you use check cashing stores, you should be
aware that there are less expensive ways to cash that check.
You can avoid paying high fees by opening or using a basic checking or
savings account at a bank, savings and loan, or credit union. Think about
the ...   more »

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USATODAY.com
Consolidating student loans now will save on interest
Thursday December 22, 9:10 pm ET

If you've been thinking about consolidating your student loans to lock in a
low rate, be aware: Time will soon run out.
Congress this week raised the interest rate on popular Stafford loans to
6.8%, effective July 1, as part of a $40 billion budget-cutting measure. The
rate will be fixed, not adjustable.

That's a big change. Stafford borrowers who consolidate ...   more »