kdavis's blog

As you can imagine, the number of bankruptcy filings nationwide is increased in times of economic distress.  In 2010, 1.53 million Americans filed for bankruptcy, as many families had to deal with job losses, falling home values, and aggressive creditors following the economic recession and 2008 stock market crash.  Employers were going out of business or cutting employees while trying to stay afloat.  This cau

I have written before on Puerto Rico’s financial situation and the possibility of a bankruptcy filing.  Now, the island has effectively filed for bankruptcy.  Earlier this month Puerto Rico sought relief under Title III of a federal law called the Puerto Rico Oversight, Management, and Stability Act, or

If you are part of a student loan forgiveness program that will forgive your students loans after work in public service, you should pay close attention to this emerging story.  More than 550,000 borrowers have signed up for the program, but now some are wondering if the government will hold up its end of the bargain

There are many people in our communities who cannot afford legal representation.  Here in Madison County, we are so fortunate to have the Madison County Volunteer Lawyers Program to meet the needs of that population.

The MCVLP has a two-pronged mission:

Payless Inc. is reportedly discussing a restructuring plan with its lenders. The restructuring plan would involve closings about 1000 of its stores. Currently, Payless operates more than 4400 stores around the country.

Last year, economists at the New York Federal Reserve released an analysis showing that older Americans were significantly more in debt than in previous years.  While this might not be that surprising given the aging population in the United States, a source of the debt might be less obvious: student loan debt.

I previously blogged about the issues that led ITT Technical Institute to close its doors and file for bankruptcy.  Now, five former ITT students have filed a class action complaint against ITT in its bankruptcy proceeding.  The class action is filed on behalf ITT students who were harmed by ITT’s con

Navy Federal Credit Union is a Virginia based credit union that limits its membership to people who have been or are currently serving in the U.S. military, Department of Defense employees and contractors, and their immediate family members. It is currently the largest credit union in the United States.

ITT Technical Institute closed down in early September, leaving more than 35,000 students without a school, and leaving thousands of employees without a job.  Following the closure, the company filed for Chapter 7 bankruptcy in Indiana.  ITT Tech is the secon

One of the world’s largest container shipping companies, Hanjin Shipping Co., has filed for bankruptcy.  Hanjin is a South Korean company and filed for bankruptcy protection under Chapter 15 of the Bankruptcy Code.