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Median income figures increase effective April 1

The easy way to qualify financially for chapter 7 bankruptcy (i.e. without doing the means test) is by being under the median income. The census bureau has determined that the median income for these household sizes has increased as follows, effective cases filed on...

Student loan forgiveness plans put on hold

The U.S. Department of Education has removed key applications for student loan forgiveness and repayment plans from its website. This action follows a ruling by the Eighth Circuit Court of Appeals, which determined that the Department lacked the authority to forgive...

Landlords report disputed rent to credit bureaus

Landlords are increasingly using credit reports as a tool to resolve rent disputes, targeting tenants' credit scores instead of relying on lengthy legal battles. By hiring debt collectors, landlords can report unpaid rent to credit bureaus, which can severely damage...

Credit Card Delinquencies Soar

American credit-card delinquencies have surged to a 13-year high, with 11% of credit-card debt in serious delinquency by the end of 2024. This increase, which reflects financial strain, is concentrated among young, low-income, and subprime borrowers. Rising interest...

Buca files chapter 11 bankruptcy

Buca, an Italian restaurant chain founded in Minnesota, has filed Chapter 11 bankruptcy, mainly to get out of leases at stores that have been closed. Their four stores in Minnesota are expected to remain open. They are known for their “family style” portions. The...

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