iOS app Android app

Consumer Bankruptcy

Department of Education Reaches Decision About Student Loans and Bankruptcy

Steve Rhode | Posted 07.09.2015 | Business
Steve Rhode

The Department of Education has just released guidance on how it will handle bankruptcy discharge requests for government backed student loan debt. And while the guidance is helpful, it's also a bit disingenuous in that it places the burden on students who believed what schools and colleges sold them as a smart financial move.

Donald Trump Praises Beneficial Power of Bankruptcy. Makes Case for Consumers.

Steve Rhode | Posted 07.08.2015 | Business
Steve Rhode

Trump has come out claiming he has never personally filed bankruptcy. And that is absolutely true. But in his defense he has made the case why bankruptcy is both legal and a good move at times.

My Elderly Mother Is Struggling in Credit Counseling -- What About Bankruptcy?

Steve Rhode | Posted 09.29.2014 | Money
Steve Rhode

Huffington Post Reader Question Dear Steve, My mother is 77 years of age. Her memory is no longer the best for her finances and she gets confused as...

College Cramps and Massive Student Loans

Steve Rhode | Posted 02.12.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I originally took out a myriad of loans to cobble together the finances necessary to supplement a "schol...

I Filed Bankruptcy and Creditors Are Still Reporting Delinquent Debts

Steve Rhode | Posted 02.03.2014 | Business
Steve Rhode

Huffington Post Reader Question Dear Steve, I have a question with regards to bankruptcy and negative reporting by creditors. I filed for bankruptcy...

When It Comes to Getting Out of Debt, People Are Stupid

Steve Rhode | Posted 07.13.2013 | Business
Steve Rhode

All day, almost every single day, I help people with good debt advice so they can find good solutions for their bad debt troubles. Without a doubt on...

How to Get Out of Debt. The Real Truth.

Steve Rhode | Posted 07.06.2013 | Business
Steve Rhode

People ask me questions every single day about how to get out of debt. Problem debt is a chronic problem that faces many at any one time. If you are f...

How to Find a Great Bankruptcy Attorney

Steve Rhode | Posted 06.22.2013 | Business
Steve Rhode

I've written a number of guides about all sorts of debt related issues but for some reason I've never written one about how to find a great bankruptcy attorney. So here goes.

I Can't Sleep Because I'm So Stressed Out About My Debt

Steve Rhode | Posted 05.23.2013 | Business
Steve Rhode

Anyone that promises you some monthly payment plan to get you out of this situation is not going to be putting you first. They are going to want to sell you their debt relief widget.

Bankruptcy Is Often the Best Solution for Money Problems

Steve Rhode | Posted 05.23.2013 | Business
Steve Rhode

Here is something you don't expect to hear people say, "If you file bankruptcy your life will get better." Well, I did file bankruptcy and my life did get better. Within three years of bankruptcy we had purchased a house and before that had rebuilt great credit using secured credit cards.

Bankruptcy Filings Down in 2012, Continued Bad News for Debt Relief Industry

Steve Rhode | Posted 11.07.2012 | Money
Steve Rhode

While it is doubtful that in the next decade or so we will see debt relief service demand at the levels experienced in 2009-2010, we should see a greater demand in the next three to five years. It will just take time to reload the consumer debt pipeline.

Bankruptcy Should Be the Last Resort, Many Say, But That's Just Not True

Steve Rhode | Posted 05.23.2013 | Business
Steve Rhode

There they go again, "bankruptcy should only be considered as a last resort." We've all heard that rumor or authoritative statement many times. You ev...

How to Get Out of Debt in Three Big Steps, get out of debt, how to get out of debt

Steve Rhode | Posted 05.24.2013 | Business
Steve Rhode

The secret to overcoming debt for a lifetime is to take what you can learn from your current situation and apply it moving forward. There's no sense wasting a perfectly good mistake.

Personal Bankruptcy Filings Soar

Wall Street Journal | SARA MURRAY | Posted 05.25.2011 | Business

Consumer bankruptcies topped one million for the first nine months of this year, the highest point since the system was overhauled in 2005....