Here’s an interesting story from Nevada regarding the Chapter 11 proceedings of Xyience, a sports nutrition drink manufacturer. The bankruptcy court recently sanctioned Fertitta Enterprises for failing to provide documents during discovery.
Students to receive loan repayment relief
The NY Times reports that President Obama is rolling out new programs to lower student loan monthly payments. The program is an attempt to relieve new graduates and those graduates looking for employment relief.
New HARP rules allow homeowners to refinance
The NY Times reports that President Obama has proposed new rules for federally guaranteed mortgages. The good news for homeowners battling tough economic times is that it will help to reduce the monthly mortgage payments of up to one million homeowners.
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US Bankruptcy Court fees go up November 1st
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.
Unpaid student loans = $1 trillion
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…]