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Tag Archives: loans

Do Payday Loans Cause Bankruptcy?

Saturday, January 31, 2009

Not according to this story…
Click the link below to read the full text:
Payday loans do not cause bankruptcy, according to a recent study by economists at Clemson University.
http://www.marketwatch.com/news/story/payday-loans-do-not-cause/story.aspx?guid={CA82C915-AD4D-41E6-8ADB-78A2E702714E}&dist=msr_8

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Bankruptcy Student Loans

Sunday, November 30, 2008

Student loans generally don’t appear to be dischargeable in bankruptcy outside of special circumstances…
Many states use the test determined in:
Brunner v. New York State Higher Educ. Servs. Corp.
See these links for info on student loans & bankruptcy.
http://www.bankruptcyhome.com/studentloans.htm
http://www.salliemae.com/after_graduation/
http://www.studentloanborrowerassistance.org/bankruptcy/
More Chapter 7 bankruptcy news coming tomorrow…

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Is anyone going deep in debt?

Thursday, November 13, 2008

Take a look at this:
http://www.boston.com/bostonglobe/
The article features an interview about an author who is writing about this debt phenomenon in his new book. He answers a question about why people file for bankruptcy, stating:
…mostly because of medical bills or short-term unemployment…
We’ve reported on this reason in several of our post (especially the longer ones- see [...]

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