Blog sponsored by Bankrupt-Law.com


Increase comes even though more stringent standards were adopted in October;
lenders watch closely.
June 12, 2006: 7:14 PM EDT


WASHINGTON (Reuters) - A new U.S. law to deter American consumers from
seeking bankruptcy protection made filings plunge to a 20-year low in the
first quarter of 2006, but a rapid rise in new cases since then raises
questions about whether the law is working as expected.
The 2005 bankruptcy reform law was pushed through Congress ...   more »

Blog sponsored by Bankrupt-Law.com


What happens when the credit card industry writes congressional legislation?
According to the judges who have to enforce it, anarchy
By Brian J. Rogal

In December, Alfonso Sosa, a house painter in Fredericksburg, Texas, fell
behind on the payments for the mobile home he shared with his wife Melba.
The mortgage holder moved to foreclose, and Sosa filed an emergency petition
in federal court for bankruptcy protection. But the Sosa family quickly ran
afoul of the ...   more »

Blog sponsored by Bankrupt-Law.com


Wednesday May 24

Study Shows Consumers Have Increased Their Debt By More Than 12 Percent
Since 2004

IRVINE, Calif., May 24 /PRNewswire/ -- Experian Consumer Direct, a leading
provider of online direct-to-consumer credit reports, scores and monitoring,
today announced the results of a nationwide study on consumer debt that
shows consumers have increased their debt by more than 12 percent over the
past two years. Minimum monthly payment obligations also increased by 10
percent during the ...   more »