Bankruptcy News

Joe Biden Is Still Fighting Student Loan Debtors Who Declare Bankruptcy

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.…

Medical debt isn’t all that indicative of bankruptcy

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…

U.S. bankruptcy filings creep up in February, but stay lower than prepandemic

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…