Bankruptcy News

Source-site On April 12, the Consumer Financial Protection Bureau (CFPB) released a blog post titled “Busting myths about bankruptcy and private student loans.” In the blog post, the CFPB argues that certain private education loans can be discharged in bankruptcy.…

Source-site Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court, according to a letter sent by the country’s top consumer watchdog to Senator Dick Durbin (D-IL) that…

Source-site Joe Biden has been betraying his campaign promise to allow borrowers to discharge their student debts through bankruptcy. In a new letter, 27 Democratic senators are demanding the administration stop trying to overturn court rulings that help student debtors.…

Source-site Credit rating agencies have just declared that most medical debt will no longer appear on credit records. Why have they done this? These are capitalist organizations. They do not change policy due to some outbreak of suddenly being caring. Why…

Source-site The total number of new U.S. bankruptcy filings were 26,985 in February, up 3.2% from January, driven by individual filings, according to data from Epiq Bankruptcy Technology. New Chapter 7 individual bankruptcies’ filings were 15,196 in February, up 1.1% over the…