Recent Posts in Debt Relief Category

What the Federal Interest Rate Increase Means

Last Wednesday, the Federal Open Market Committee—the policymaking body of the Federal Reserve—increased the target federal funds rate by a quarter of a percent (to a target of 1.25%). ...

How to Start Rebuilding Credit on Day 1

Rebuilding credit is a journey. Being financially healthy is amazingly similar to being physically healthy—it's about changing your mindset regarding money and changing your relationship ...

Print Publishing Giant, Reader's Digest, Files for Bankruptcy

As reported by several media outlets, including Herald and News, faced with a $465 million debt, the publisher of Reader's Digest, RDA Holding Co., has filed for Chapter 11 bankruptcy protection. ...

A123 Battery Company Files for Bankruptcy

A123 is an automotive battery company that has recently filed for bankruptcy protection. The company received a U.S. grant which was supposed to keep it going, but the money was not enough to move ...

Lawmaker Asks for a Break in Bankruptcy

Federal prosecutors don’t want to see an Idaho lawmaker get away with paying back a fraction of the money he owes, simply because he can’t afford it. The politician has requested to pay ...

Tribune Reveals Plan to Emerge from Bankruptcy

The Tribune Co. holds a number of news stations and newspapers around the country, including the Chicago Tribune and local stations like KTLA. Recently, the massive media company was approved with a ...

Motel Family Files Bankruptcy, Includes Tax Debt

In a family-run hotel business, two members, a mother and daughter, have each filed for bankruptcy, as reported by the Santa Cruz Sentinel, and both cite $1 million of disputed occupancy taxes in the ...

Debts Bankruptcy Does Not Get Rid Of

When people are thinking about filing for consumer bankruptcy, it is important that they know which debts bankruptcy does not get rid of. People who file for bankruptcy, whether chapter 7 or chapter ...

Foreclosure Guidelines Announced to Help Troubled Homeowners

The U.S. Treasury Department has released new guidelines designed to help struggling homeowners through the short sale process. The new guidelines for the Home Affordable Foreclosure Alternatives ...