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January 2014 Archives

NFL QB Vince Young files for Chapter 11 bankruptcy

Massachusetts has a history of sports excellence. From the Patriots to the Bruins to the Red Sox, Massachusetts' residents have professional sports teams they can cheer for around the year. Unfortunately, in the realm of professional athletes, there are high rates of debt after they finish their careers. Some Massachusetts citizens can relate to getting mired in a situation where they are surrounded by credit card, medical and other forms of debt. One option for people and businesses wanting a fresh start is to file for Chapter 11 bankruptcy.

Warren addresses economic woes of Massachussetts residents

Debts are a big concern for many Massachusetts residents. Legislators are looking for new ways to help alleviate some of the pressure. One of the focuses is on student debt, but many people are burdened by mountains of credit card and other debt. A financial obligation that is hard to pay can be a tremendous burden on someone. One option is to look for legislative reform, but another option to think about is filing for bankruptcy.

Bankruptcy cases slow down in eastern Massachusetts

2013 saw a decrease in the number of bankruptcies filed. With the economy recovering, those with manageable levels of debt have found ways to help pay some of it off. For those with high levels of overwhelming debt, simply paying it off is hardly an option. Large levels of debt often come with an inundation of creditors, harassing notifications and high interest rates. One of the options that people have for high debt levels is Chapter 7 bankruptcy. It is a good option for those struggling with financial burdens.

Benefits ending for thousands of Massachusetts residents

During a long stretch of unemployment, it can be difficult to manage your finances. Long-term unemployment or underemployment is hard for many individuals as they search for jobs and try to make ends meet. One of the financial challenges of being without a job is that it is difficult to pay off debts. Being unemployed can also contribute significantly to your debt load. A long period of unemployment can make debt payment unmanageable. Fortunately, you may be able to resolve your situation through Chapter 13 bankruptcy.

Nearly 1 million accounts stolen from Massachusetts' Targets

Credit card debt can rack up quickly over the holidays during the shopping season. Some Massachusetts residents may find themselves sucked into credit card debt before they know it. Being in high levels of debt is difficult for any person and it can take a toll on your health. It may also impact your relationships with others. For people dealing with big credit card bills and debt, the fact of having the card stolen and more purchases added to it may only increase the stress of making payments.