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Actress Teri Polo seeks bankruptcy protection

2014-04-25T17:46:35+00:00

American actress Teri Polo recently filed for bankruptcy, an article in the Huffington Post reported on April 23. In the Chapter 11 claim filed by the 44-year-old actress on April 14, she owed the IRS an estimated $745,000. Aside from her overwhelming credit card debt, Polo also had unsettled debts to the California Franchise Tax [...]

Actress Teri Polo seeks bankruptcy protection2014-04-25T17:46:35+00:00

Rapper “Young Buck” exits bankruptcy

2013-10-01T20:25:32+00:00

The financial woes of American rapper and actor “Young Buck” have been cleared after he recently got out of bankruptcy, according to a report on September 19. Some of the 32 year-old rapper's creditors will not be paid back; 50 cent, for example, will not receive the $117,000 he is owed, according to legal papers. [...]

Rapper “Young Buck” exits bankruptcy2013-10-01T20:25:32+00:00

Possessions of ex-NFL quarterback auctioned off to pay debt

2013-08-03T21:04:35+00:00

To pay off $1.7 million loan, ex-NFL quarterback Vince Young’s personal possessions were inventoried in preparation for auctioning, a report said on Thursday, July 25. A judge did allow the football player to keep $60,000 worth of personal property, but ordered him to sell the rest of his personal properties in an auction to pay [...]

Possessions of ex-NFL quarterback auctioned off to pay debt2013-08-03T21:04:35+00:00

Federal agencies to fight abusive collecting practices of lenders

2013-07-26T20:49:20+00:00

Federal regulators announced in early July that they plan to fight questionable debt collecting practices of some of the nation’s big lenders. The Consumer Financial Protection Bureau asserted on Wednesday, July 10 that they have the authority to regulate debt collection practices of banks. According to Richard Cordray, unfair, deceptive, and abusive debt-collecting practices are [...]

Federal agencies to fight abusive collecting practices of lenders2013-07-26T20:49:20+00:00

Medical bills major cause of bankruptcy

2013-07-17T22:17:40+00:00

In a report by NerdWallet Health, data showed that 1.7 million Americans are expected to go bankrupt this year due to rising medical bills. NerdWallet Health Vice president Christina LaMontagne said “medical bills can completely overwhelm a family when illness strikes.” In fact, their data shows that 15 million Americans will exhaust their savings in [...]

Medical bills major cause of bankruptcy2013-07-17T22:17:40+00:00

Studies show more older people are now debt-ridden

2013-06-10T18:31:13+00:00

According to recent studies and data, more senior citizens are facing overwhelming debt today, according to The Fiscal Times. Adults aged 65 and above were found out to be filing for bankruptcy at a higher rate than any other age group, in addition to being found to have 50 percent more debt in their credit [...]

Studies show more older people are now debt-ridden2013-06-10T18:31:13+00:00

Study: young people diagnosed with cancer more likely to file bankruptcy

2013-06-06T21:14:20+00:00

According to a recent study, young people diagnosed with cancer are more than two times as likely to file for bankruptcy compared to cancer free young people. Dr. Scott Ramsey of the Fred Hutchinson Cancer Research Center and his co-authors found strong evidence linking cancer diagnosis and the risk of bankruptcy. According to a database [...]

Study: young people diagnosed with cancer more likely to file bankruptcy2013-06-06T21:14:20+00:00
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