Ponzi schemer Scott Rothstein's former law partner,
Stuart Rosenfeldt has agreed to settle a $10 million lawsuit against him for a
fraction of the complaint, only $1.6 million. The settlement was disclosed
Thursday in a settlement agreement filed...
One of the most ironic and strangest things about
bankruptcy is that you have to have money in order to file a bankruptcy case.
You will have to pay filing fees and credit counseling fees. You will also have
to at least hire a petition preparer to...
According to the FDIC, general unsecured creditors could
have recovered 97 cents on every $1 of claims, if regulators had quickly
carried out a structured sale of Lehman's assets. Instead, general unsecured
creditors will likely receive around...
Former New York Mets and Philadelphia Phillies outfielder
Lenny Dykstra was charged on Thursday with embezzling from a bankruptcy estate.
His punishment could be up to five years in federal prison if convicted.
Dykstra, who bought a mansion once...
Experts now agree that student loan debt has exceeded
credit card debt as Americans' largest personal debt. In fact, many experts now
believe that the total outstanding student loan debt will exceed $1 trillion by
the end of this year.
As we discuss in the Road Out of Debt , bankruptcy myths are
everywhere. Still, I am surprised when I see myths reported in newspapers
like the San
Francisco Chronicle or on very reputable websites like Investopedia .
Here are some of the misstatements...
If you ever needed proof that tax refund anticipation
loans are bad idea for the borrower, just take a look at what is happening to
Jackson Hewitt's share price has plummeted 42% to a record low as the company
faces the prospect...