Democratic 2020 U.S. presidential candidate Elizabeth Warren Campaigns in New Hampshire – Exeter, NH – March 15, 2019 (Shutterstock) By Alexander Gladstone, WSJ Congressional Democrats on Wednesday introduced legislation overhauling the U.S. bankruptcy system to make it friendlier to consumers while opening the door to student-loan cancellation, among other proposals.
By Carmen Reinicke, CNBC Millions of Americans got an early Christmas present this year – on Friday, the U.S. Department of Education extended the coronavirus pandemic-induced pause on student loan payments through January 2021. Accruing interest will also be on hold and the department will not resume collections on defaulted
By Teadra Pugh, Bloomberg Law It could be easy for some to forget the global nature of the pandemic and economic uncertainty that we are experiencing in the United States. As a result, I am taking a look at a less commonly known type of bankruptcy that could provide a
Description: No money, no love. Can’t make love on an empty stomach. No matter the point in time, money problems and financial difficulties are always at the center of discord. It affects our bottom line, health – mental, physical and emotional – and our relationships. Now, we have the added
Democratic presidential candidate, former Vice President Joe Biden speaks in Philadelphia, DC USA June 2, 2020. (Shutterstock) By Anya Kamenetz, NPR President-elect Joe Biden has affirmed his support for erasing some student debt “immediately.” Student debt forgiveness was a major campaign plank of some of his more progressive rivals for
By Justine Coleman, The Hill About 300 companies that received up to $500 million in Paycheck Protection Program funding have filed for bankruptcy, The Wall Street Journal reported Tuesday. The Journal analyzed government data and court filings from the biggest borrowers in the PPP program to determine the statistic but
By Jarrell Dillard, MSN Writing off billions of dollars in student debt could help Joe Biden get started on the giant task of shoring up finances for Black households on the wrong side of yawning gaps in wealth and income, according to economists who’ve studied the idea. The policy is
If you are starting to dread checking your email or picking up your mail, it might be that you simply have too much debt. After all, it is easy to overspend, particularly if you have more than one credit card. If you are searching for ways to get rid of
By Paul Kiel and Jeff Ernsthausen, ProPublica Earlier this year, the pandemic swept across the country, killing 100,000 Americans by the spring, shuttering businesses and schools, and forcing people into their homes. It was a great time to be a debt collector. In August, Encore Capital, the largest debt buyer
By Adam S. Minsky, Esq., Forbes President Trump on Tuesday put the brakes on any further stimulus negotiations in a series of Tweets. “Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19,” the President
