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Decrease in U.S. foreclosure activity

Posted on July 31st, 2014 No Comments

Decrease in U.S. foreclosure activity

A mid-year report recently released by RealtyTrac observed a nationwide decrease in foreclosure rates–now at the lowest numbers seen since 2006, World Property Channel reported on July 17. Recent recorded foreclosure activities for the year’s first half, such as bank repossessions, default notices, and scheduled auctions in the U.S., totaled 613,874, a 23 percent decrease compared to the […]

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Steve Donner filed for Chapter 7 Bankruptcy

Posted on July 17th, 2014 No Comments

Steve Donner filed for Chapter 7 Bankruptcy

American sports tycoon Steve Donner and his spouse have filed for Chapter 7 bankruptcy at a federal court in Florida, the Democrat & Chronicle reported on July 3. In the bankruptcy documents filed last May, the former owner of Amerks and Knighthawks listed a debt of $9.5 million, while his assets were estimated at $17,000. Much of […]

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Senator proposes to discharge private student loans in bankruptcy

Posted on July 1st, 2014 No Comments

Senator proposes to discharge private student loans in bankruptcy

Senate Health, Education, Labor & Pension Committee chair Senator Tom Harkin (Dem-Iowa) recently proposed to include private school loans as dischargeable debt in bankruptcy cases, the Huffington Post reported on June 25. This proposal would be part of a larger host of changes that would address college debt. Sen. Harkin, who introduced the Higher Education […]

Bankruptcy, Personal Bankruptcy , dischargeable debt, Student loans
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