debt

Consumer debt is a reliable indicator of the trend in bankruptcy filings, as well as the health of America’s economy as a whole. History confirms that rising consumer debt eventually results in a spike in bankruptcies, and if other elements are not addressed, the increase in filings could be exacerbated during an economic downturn. When …

Household Debt Increases as Chapter 11 Bankruptcy Filings on the Rise Read More »

The booming economy failed to boost the mortgage market in May, where a shortage of bottom-end inventory, Fed rate hikes, and high home prices put a damper on mortgage originations. The National Association of Realtors reports that existing home sales have declined during the first four months of this year, compared to a year ago. …

Mortgage Originations Slow as Consumer Debt Climbs Read More »

A Nevada couple was awarded $119,000.00 after their loan servicer continued to send out account statements and demand letters well after the couple’s debts were discharged in their Chapter 7 bankruptcy. A federal bankruptcy appellate court held the servicer liable for violating the couple’s discharge order by sending numerous letters and making phone calls to …

Loan Servicer Found Liable For Contacting Debtors After Bankruptcy Discharge Read More »