Blog sponsored by Bankrupt-Law.com
Brigitte Yuille
Reviews have been mixed for the credit counseling sessions required under
the new bankruptcy law that took effect in the fall of 2005.
Supporters say the counseling sessions are doing what the Bankruptcy Abuse
Prevention and Consumer Protection Act of 2005 intended -- putting more
information into consumers' hands.
"At this point it is too early to tell all of the outcomes that will evolve
from this provision," says Steve Bartlett, president and CEO ... more »
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Friday, March 3
Bankruptcy credit counseling gets mixed reviews
by
BK Blogger
on Fri 03 Mar 2006 10:45 AM PST
Thursday, March 2
Most People Aren't Lying
by
BK Blogger
on Thu 02 Mar 2006 03:54 PM PST
By MICHELLE SINGLETARY
Gannett News Service In what will undoubtedly be the first of many "I told you so" reports, the National Association of Consumer Bankruptcy Attorneys has found that, overwhelmingly, people who file for bankruptcy protection aren't deadbeats who went on shopping sprees with the intention of shirking their debts. That's quite contrary to what was being claimed by supporters of the new federal bankruptcy law that went into effect last October. For years, those proponents argued that ... more » Wednesday, March 1
12:39 pm | 3 N.C. payday lenders to shut down
by
BK Blogger
on Wed 01 Mar 2006 01:47 PM PST
Blog sponsored by Bankrupt-Law.com
MARK JOHNSON mjohnson@charlotteobserver.com RALEIGH - Attorney General Roy Cooper announced this morning that the last three payday lenders in the state had agreed to shut down and pay $700,000 to credit counseling services. The legal settlements end more than four years of haggling over the short-term, high-interest loan business that Cooper called a "debt treadmill." "It's a great day," Cooper said at a news conference. "Payday lenders are surrendering." Check Into Cash, Check 'n Go and ... more »
Consumer spending shows big gain in January
by
BK Blogger
on Wed 01 Mar 2006 09:23 AM PST
Blog sponsored by Bankrupt-Law.com
Americans' spending outpaced their incomes in an unusually warm month Updated: 11:32 a.m. ET March 1, 2006 WASHINGTON - Consumers, lured out to the stores by the warmest January in more than a century, spent at a rapid clip that outpaced their incomes. That meant that their savings rate started the year where it finished 2005, a year which saw a negative savings rate for the first time since the Great Depression. The Commerce Department reported ... more » |
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