Debt consolidation is a finance strategy which entails taking all a debtor’s debts, especially high-interest debts, and melding them together into a single monthly payment with preferably a lower interest rate. This may seem like a dream come true for any individual struggling with their finances, but there are still some issues to consider before deciding debt consolidation is best for you. Depending on the circumstances, filing bankruptcy in California may be a more useful approach.

Debt consolidation is a finance strategy which entails taking all a debtor’s debts, especially high-interest debts, and melding them together into a single monthly payment with preferably a lower interest rate. This may seem like a dream come true for any individual struggling with their finances, but there are still some issues to consider before […]

By Janet Berry-Johnson

Filing for bankruptcy can discharge (wipe out) various forms of debt, or reorganize the debt into a more manageable payment plan. However, some types of debt cannot be discharged in bankruptcy. For example, in California, filing for bankruptcy will not halt child support payments. However, filing for Chapter 13 bankruptcy in Roseville may allow a parent to get their child support payments into a more practicable repayment plan.

Filing for bankruptcy can discharge (wipe out) various forms of debt, or reorganize the debt into a more manageable payment plan. However, some types of debt cannot be discharged in bankruptcy. For example, in California, filing for bankruptcy will not halt child support payments. However, filing for Chapter 13 bankruptcy in Roseville may allow a […]

By Jacob Sonenshine

Uber and Lyft drivers in New York City are demanding higher pay — and they're going straight to the city to get it.

By Molly Crane-Newman, Dan Rivoli and Graham Bayman

A Queens cabbie who drove a yellow taxi for three decades hanged himself in his garage after suffering massive financial woes in the era of Uber, officials and friends said Wednesday.

Nicanor Ochisor, 65, was found hanging from a wooden beam in his garage on 58th Road near 69th Lane in Maspeth Friday morning, police said.

Taxi advocates quickly blamed the Romanian immigrant’s suicide on the glut of drivers working for app-driven, for-hire companies like Uber and Lyft taking money from medallion drivers.

Bankruptcy may be the best choice for people or businesses who can no longer afford to pay their debts. Bankruptcy allows people to obtain a clean slate by liquidating their assets to pay off debts, or by creating a repayment plan to reorganize and settle their debts. Bankruptcy proceedings are initiated when the debtor files a petition with the bankruptcy court. A petition can be filed by an individual, by spouses jointly, or by a corporation or other entity.

Bankruptcy may be the best choice for people or businesses who can no longer afford to pay their debts. Bankruptcy allows people to obtain a clean slate by liquidating their assets to pay off debts, or by creating a repayment plan to reorganize and settle their debts. Bankruptcy proceedings are initiated when the debtor files […]