While the seas will be rough, you don't have to feel like you bought a ticket on the Titanic. If graduates face repayment in an open way, communicating regularly with lenders, there are solutions -- although none of them get you a Get Out of Debt Free card.
Warren knows from experience and writes with warmth that every day in America there are boys and girls asking moms and dads why the family car is gone, why the family home was taken away, why Mom or Dad has lost a job, and why so Americans live from paycheck to paycheck, desperately struggling to make ends meet.
We don't know how much was in that account. We do know it barely amounted to pocket change for Cerberus, which stands to profit handsomely from the wind-down of World Airways and the sale of assets from a sister airline.
Most people know it's important to have good credit, but they don't want to spend too much time worrying about it. The good news is that you can be pretty lazy and still improve your credit.
So, what does a family do when their lender denies a loan modification and instead insists on foreclosure? File bankruptcy. What happens a few months later when the lender has court permission to reschedule the foreclosure sale? The homeowner files bankruptcy again.
After 49 years, the San Diego Opera announced a few weeks ago, it was closing its doors. Ian Campbell, the Opera's CEO and artistic director, said: "...
What the HELL is happening to our art form in this country, and should we be sending the women and children to the lifeboats on this seeming Titanic?
A new study in Massachusetts is providing evidence that the reform law passed in that state in 2006, and which served as the model for the Affordable Care Act, is indeed making a significant dent in bankruptcy filings.
Progressives were understandably upset about Detroit's bankruptcy. It was muscled by right-wing Gov. Snyder and even the lesser cuts to pensioners are hurtful. There's the obvious ongoing damage to existing wages and benefits for city workers. But the cold reality is that these outcomes were inevitable given Detroit's catastrophic economic mess, and catastrophic political leadership.
This has all the makings of a bubble and when it bursts, it will hobble students' ability to borrow for college. Reforms are needed, but there is very little political will and talk of bubbles never penetrates those inside the bubble.
In reviewing reported cases over the last eight months that directly addressed student loans in the context of bankruptcy, almost one-third of these court decisions allowed a discharge. There are several lessons to learn from these recent decisions.
Living in and around New York City, it has been hard to miss the explosion of blue bicycles that have found themselves throughout the city streets.
Currently, more than 40 million Americans hold student debt. The population with student loans is approximately four times greater than the population of Sweden.
The Milwaukee Symphony Orchestra, according to its recent press release, is "in danger of running out of money and faces possible extinction if additi...
Images of the city play like a science fiction movie narrating the end of America's successful experiment with diversity in a robust urban life style. Detroit has gone from 'Motown' to 'Notown.'