Bankruptcy Blog

Democratic presidential candidate Senator Barack Obama is advocating changes to the current bankruptcy system in speeches on the campaign trail. Senator Obama recently unveiled some of his new bankruptcy ideas which include easing bankruptcy laws for elderly homeowners, disaster victims, military families, and other individuals who have become overwhelmed with debt.
One of Obama’s new provisions [...]

Ask why someone might file bankruptcy; many would give reasons like business failure and out of control spending. While those are some valid reasons, there are others such as loss of employment. There is also one other major factor contributing to bankruptcy and foreclosure filings – health care.
Skyrocketing Healthcare Costs
In 2007, the US spent $2.3 [...]