Lawmakers to mull subprime bankruptcy relief

Patrick Rucker, Reuters
October 23, 2007

U.S. bankruptcy judges could erase billions of dollars in mortgage debt for troubled homeowners under legislation to be debated on Wednesday.

Construction Digital US

Source: Exec US Construction Digital US
October 23, 2007

The number of Americans filing for bankruptcy soared 23 percent last month marking the worst real estate slowdown for 16 years revealing the extent of the housing recession.

The Eagle-Tribune: "Bankruptcy filings on the rise "

June 18 , 2007; Courtney Paquette
Bankruptcy filings for Rockingham County have nearly doubled over the same period last year, according to figures from the United States Bankruptcy Court. Read more

The Daily Southtown: "Bankruptcy protection for student loans should be restored"

June 13, 2007; Courtney Paquette
For some private student loans, the interest rates and late fees can be worse than those offered on credit cards. Most students still manage to pay them on time, but those who don't can find themselves swimming in debt. Read more

The Columbus Dispatch: "Bankruptcy lull likely temporary, experts say"

May 6, 2007; Jeanne Sahadi
Going broke isn't as popular as it used to be. But experts say bankruptcy hasn't lost its luster completely, and filing rates aren't going to stay low for long. Read more

Orland Sentinel: "'Perfect storm' of debt puts Floridians in bankruptcy"

May 3, 2007; Richard Burnett
Mortgage woes, higher gas prices and a "perfect storm" of other financial troubles have caused personal bankruptcies to spike in Central Florida so far this year, according to the latest court records. Read more

Bankrate.com: "Walking away from debt vs. filing bankruptcy"

Justin Harelik, December 19, 2006
Readers ask questions to a Bankruptcy Advisor about when your business goes bad: What happens if you don't file for bankruptcy and you don't pay your credit cards? Read more

CNNmoney.com: "Credit card fees head higher"

Jeanne Sahadi, October 18, 2006
Late fees and penalty interest rates continue to charge higher, according to a recent report from the Government Accountability Office. Read more