“Can I be thrown in jail for not paying my credit card debt?” What about other unsecured debt like a broken apartment lease, a car repossession deficiency, medical bills or personal loans?

“Can I be thrown in jail for not paying my credit card debt?” What about other unsecured debt like a broken apartment lease, a car repossession deficiency, medical bills or personal loans?

By John Aidan Byrne

New York City is officially the most financially distressed metropolis in America, according to local debt counselors and financial analysts.

The city’s credit card delinquency rates and level of bad personal debt are the highest in the nation, which saw household debt and credit soar by $219 billion, or 1.6 percent, to $13.51 trillion, in the third quarter of 2018 — a record $837 billion more than its previous peak in 2008.

By Noah Manskar, Patch Staff

NEW YORK — New York City's turbulent taxi industry saw a massive spike in foreclosure sales last year as drivers struggled to make ends meet and some took their own lives, records show.

If you recently filed for bankruptcy, you might be worried about the ability to purchase a home after your debts have been discharged. Fortunately, there may still be a way to buy your dream home if you had to file for bankruptcy. If you or a family member are considering purchasing a new home after […]
The post How Long After Bankruptcy Can I Buy a House? appeared first on The Bankruptcy Group, P.C..

People in the US hold over $1 trillion in credit card debt. Credit cards are the most essential source of day-to-day financing for millions of Americans. Yet little is known about the true demographics of who owns credit cards, how much they charge on them, and whether they pay their balances on time.

Here at Shenwick & Associates, one of our goals when a client files for bankruptcy is to flag potential issues that may complicate their bankruptcy filing.  One of those potential issues is an action by the chapter 7 bankruptcy trustee to recover fraudulent conveyances.

By Winnie Hu

CFPB Report Shows Wells Fargo Charged Students Three Times More than Other Banks
Wells Fargo in trouble again, again, and again