Browsing: Bankruptcy

Key insight: Pepper Pay recently filed for bankruptcy to liquidate its $665,000 in assets against over $3.4 million in debts.What’s at stake: The competitive market can…

Sturti | E+ | Getty ImagesEven Americans who are covered by health insurance can emerge from medical emergencies with long-lasting financial scars.In a study published this…

Elite Home Warranty, a New York-based company that offered plans in more than 40 states, filed Chapter 7 bankruptcy in November 2025. The company is no…

Businesswoman working on laptop in modern office spaceMomo Productions | Digitalvision | Getty ImagesStudent debt has long been considered difficult, if not impossible, to discharge in…

Mexican and American flags attached to vehicles at a Tricolor dealership in Houston, Texas, Sept. 11, 2025.Mark Felix | Bloomberg | Getty ImagesThe CEO of subprime…

Key insight: The Synapse bankruptcy dismissal raises questions about whether and when victims will be reimbursed. Supporting data: The CFPB Civil Penalty Fund balance is $118.9…

Key Insight: Tricolor’s business model differed from other auto finance companies, which could have contributed to its problems.What’s at Stake: It’s unclear how many more lenders…

Can I buy a car before filing Chapter 7 or Chapter 13 bankruptcy? Source link

Borrowers should know that they’re required to complete an approved credit counseling session before filing, and a debtor education course before their debts can be discharged.…

Why finishing college could help solve the student loan crisis Policymakers often blame student loan delinquencies and defaults on the amount of debt. But I argue…