The leading cause of debt in America is currently student loan debt, totaling around $1 trillion. While medical debt may be rising in the ranks, credit card debt remains the second largest debt total. This total lands around $800 billion in credit card debt held by...
Month: December 2013
Company opening new Ohio facility while filing for Chapter 11
A uranium-enrichment company named USEC Inc. that is planning on filing for Chapter 11 bankruptcy is also building the American Centrifuge plant in Ohio. The plant is intended to replace another out-of-state facility.As is the case with so many of business bankruptcy...
Automatic stay puts breaks on debt collection
For burdened debtors, abusive debt collection can be a nightmare. Or, if not a nightmare, then at least what wakes them up from a nightmare. Calling in the middle of the night is one of many abuses aggressive debt collectors engage in. Unfortunately, the law governing...
