Filing Fees for U.S. Bankruptcy Court in Western Washington will be going up November 1st. Notably, Chapter 7 bankruptcy fees will rise from $299 to $306 and Chapter 13 fees will go from $274 to $281.
A new report indicates that unpaid student loan debt exceeds $1 trillion. The amount of student loans taken out last year exceeded $100 billion. [Read more…]
The AP reports that Social Security recipients will receive a 3.6% cost of living adjustment for 2012. It has been two years since the last increase for recipients.
About 8 million people who receive Supplemental Security Incomewill also receive the 3.6 percent cost-of-living adjustment, or COLA, meaning the announcement will affect about one in five U.S. residents.
Monthly Social Security payments average $1,082, or about $13,000 a year. A 3.6 percent increase will amount to about $39 a month, or just over $467 a year, on average.
The Seattle Times has a report on the Seattle Mariners key minority owner Chris Larson and his mounting debt. Court papers in his divorce show that Larson, a minority owner holding over 30% of the baseball team, lived a lavish lifestyle but the recent downturn in the economy has hurt his finances. [Read more…]