Blogs

The total number of Bankruptcy filings in May of 2017 rose 5% over May of 2016.  The actual number filed in 2017 was 69,668, up from 66,138 cases filed in May of last year according to the American Bankruptcy Institute & Epiq Systems.

Commercial or Business Bankruptcy filings for the month of May also increased at a 5% clip to 3,572 up from 3,412 in May of 2016.

Equifax, Experian, and TransUnion, the nation’s three largest credit reporting agencies, announced back in March of this year that beginning July 1 they will no longer include tax liens and civil judgments on credit reports.

Takata, the Japanese auto maker who has been embroiled in a deadly airbag scandal, filed for bankruptcy protection in the United States on Sunday.  Takata’s airbags are the subject of the largest recall in U.S. history.  The airbags have been blamed for at least 16 deaths, and Takata has been hit by more than a billion dollars in penalties and costs.

Security clearance issues, it seems, are in the news just about every day as of late. The news covers a lot of areas.

According to a recent CNN Money report, another giant retailer is struggling to keep its head above water. Gymboree, a children’s clothing retailer, recently filed for bankruptcy under Chapter 11 to restructure and attempt to stay in business.

We have just finished honoring our military servicemen and women on Memorial Day, the holiday where we pay homage to our veterans who have died serving this country.   But in addition to such celebrations, we can do more by insisting that our veterans be treated fairly by the department in charge of their care.  The scandal involving the hospitals and me

In my last blog entry I discussed Kentucky Social Security Administration (SSA) disability attorney Eric Conn’s guilty plea and fine for a variety of misdeeds relating to his SSA disability practice.  It was the latest of several, as I have covered a number of othe

I have long suspected that student loan debt would eventually affect the rate of homeownership in the US.  It appears that the Federal Reserve Bank of New York agrees.  According to a new report from the Federal Reserve Bank, homeownership rates are far higher for those who graduated from college than those who never earned a degree.

CNN Money recently reported on the continuing challenges facing retail stores. According to the article, more than 300 retailers have filed for bankruptcy this year. This represents a 31% increase over last year. And while many of these bankruptcy filings are small local retailers, there are some big names on the list.

A recent CNBC article says according to a 2013 survey of consumer finances by the Federal Reserve, approximately 42% of households with someone age 65 to 74 have a home secured by debt.  This number has grown from only 18.5% in 1992 and 32% in 2004.  It is expected that this figure will continue to rise because