Middle Class Shrinks, Lower Class Rises in the U.S.

A shrinking middle class, in conjunction with a rising lower class, is making bankruptcy a more viable option for Americans who are struggling with financial debt. In fact, the U.S. middle class is now shockingly outnumbered by both the lower class and the upper class, according to a recent Pew Research Center report. While many […]

U.S. Workers Planning for Retirement, Saving More Money for the Future

With the unemployment rate declining and the economy looking relatively strong, more and more workers are saving money for the future. This is good news for anyone who may be worried about bankruptcy as they try to figure out ways to manage their debts. Fidelity Investments, one of the world’s largest mutual fund and financial services groups, […]

New York’s Recent Law Curbing Confessions of Judgment Abuse

Governor Andrew Cuomo approved legislation last August to limit the use in state courts of confessions of judgment. Confessions of judgment allowed creditors to freeze and seize a borrower’s assets without any litigation—the only thing they had to do was file an affidavit in a New York state court. The New York debt harassment defense […]