Recently released data from the U.S. Bankruptcy Court system showed that personal bankruptcy filings in the United States for the 12 month period ending June 30, 2008, were up 28 percent to 934,009. Tennessee had the highest bankruptcy filing rate per capita, Michigan had the highest per capita rate of Chapter 7 filings (that’s the [...]
I wrote a brief post a couple weeks back about how banks and credit card companies might begin declaring and exercising a right of offset, particularly on its business customers. If you don’t remember the post, it discusses how banks are increasingly seizing funds in the bank account of debtors who have business credit cards. [...]
This story in Crain’s Cleveland Business about Medical Mutual of Ohio offering a medical credit card to assist its insured in paying their out of pocket medical expenses is part of a larger trend of the medical industry assisting consumers in paying for increasingly expensive treatments by offering payment assistance through credit cards.
But when a [...]
Barack Obama called for revisions to the Republican-led bankruptcy reforms passed in 2005. The proposal focused on assisting individuals declaring bankruptcy due to debts related to health care/medical procedures, military personnel and their families facing debt due to extended deployment, frequent moves, or predatory lending, and protecting the elderly against losing their home in bankruptcy. [...]
