Month: July 2008

Barack Obama Proposes Bankruptcy Reforms

According to the Associated Press and Fox News, Democratic presidential candidate Barack Obama has proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. In doing so, Obama also accused Republican rival John McCain of repeatedly siding with the banking industry, saying, …

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There Are Consequences In Failing To Compromise In Bankruptcy

Make no mistake about it. If you have a disputed claim hanging over your head, sometimes bankruptcy can put you in the driver’s seat. If you are not the debtor and a defendant in some action filed in bankruptcy, maybe you should think twice about not compromising or settling your case. Litigation is unpredictable. Just …

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A Taste For Credit

Elizabeth Warren is a professor of law at Harvard University School of Law. She researches and teaches about credit issues. She warns in this video about the “taste for credit” and how credit card companies take advantage of that. Let us listen in –