Michigan Bankruptcy Blog

A People’s History of Bankruptcy in the United States

A People’s History of Bankruptcy in the United States

Bankruptcy in the United States: A Timeline of Eroding Rights Bankruptcy in the United States is an internationally unique legal remedy for those suffering from burdensome debt. Very few other countries allow individuals in debt to discharge and eliminate their personal, consumer debt. Of the other nations who do maintain some sort of "insolvency" law, as it tends to be called, the majority provide a form of bankruptcy that benefits creditors exclusively. It is a means of ...

Posted on July 5th, 2016 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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Congressional Democrats Aim for Real Bankruptcy Reform

Separate Bills Introduced to Make Private Student Loans Dischargeable Again and to Specially Treat "Medical" Bankruptcies Getting the Attention the Consumers Deserve Two separate pieces of legislation are being introduced by Senate Democrats that will, despite long odds of becoming law in a Congress dominated by pervasive and bi-partisan financial industry lobbying, at least help to re-focus attention on the damage done to the U.S. Bankruptcy Code by the BAPCPA bankruptcy "reform" amendment to the Code in ...

Posted on June 26th, 2014 by John Hilla - Michigan Bankruptcy Attorney in Michigan Bankruptcy

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