Legal News

Companies are tapping Houston’s bankruptcy court by setting up minimal business ties, such as a co-working address or hastily formed entities, to capitalize on debtor-friendly laws. In November, two Swedish companies—debt collector Intrum and electric-vehicle battery maker Northvolt—filed for bankruptcy…

Swedish debt collector Intrum won U.S. court approval for a $4.6 billion debt restructuring, defeating a bondholder group that argued the company didn’t need or deserve the protections of bankruptcy. Judge Christopher Lopez of the U.S. Bankruptcy Court in Houston confirmed a restructuring plan…

When Will Mortgage Rates Go Down? Mortgage rates are expected to fall below 6% in 2025, but the forecast is far from guaranteed. In January 2023, some analysts thought that rates would be around 4.5% by the end of 2024, which obviously…

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Inflation may be cooling, but when it comes to credit card debt more than a third of cardholders are finding themselves in hot water. Roughly 2 in 5 credit cardholders, or 37%, have either maxed out a credit card or…

WASHINGTON – The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2024 and January – March 2025 quarters.  During the October – December 2024 quarter, Treasury expects to borrow $546…

In poll after poll, Americans have indicated the economy is their top concern as they prepare to cast votes this election. Dealing with high inflation for years will do that to you. Although inflation has cooled significantly since it peaked at a…

WASHINGTON — The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. The new contracts begin Thursday following today’s expiration of the old contracts. Beginning Thursday, Sept. 23, 2021, taxpayers with…

NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit . The report shows total household debt increased by $109 billion (0.6%) in Q2 2024, to $17.80 trillion. The report…

National Public Data, which aggregates data to provide background checks, has confirmed it suffered a massive data breach involving Social Security numbers and other personal data on millions of Americans. The Coral Springs, Florida, company posted on its website a notice this week that…