Remember when the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) was going to make it, in the words of Senator Chuck Grassley, “more difficult for people to file for bankruptcy?” Well, it did — briefly. But now, according to statistics released by the Administrative Office of the U.S. Courts, [...]
Filed under: Finance | Tagged: bankruptcy, Credit, Economy, Finance | Leave a Comment »
If you’re a recent college graduate, or even if you’re not, there’s some good news on the student loan repayment front. On July 1st, the federal government’s new Income Based Repayment Plan (IBRP) went into effect. The acronym isn’t pretty, but the program is.
The IBRP calculates monthly student loan payments based on a borrower’s income and family size. Specifically, [...]
Filed under: Education | Tagged: Income Based Repayment Plan, student loans | 1 Comment »
Michael Jackson, Farrah Fawcett, David Carradine, Karl Malden, Ed McMahon…the list of celebrity deaths that has been in the news recently is long, and media speculation regarding their respective estates is shining a light on the need for estate planning. Now may be a good time for estate planning professionals to remind clients and prospects [...]
Filed under: Estate Planning | Tagged: celebrity deaths, Estate Planning, Michael Jackson | Leave a Comment »
According to a report from Bloomberg, a financial institution which shall remain nameless is taking a 2007 collateralized debt obligation (CDO) that has been downgraded and repackaging it into new securities that it anticipates will have AAA ratings–important in marketing the new securities to institutional investors who are only allowed to buy AAA debt.
According to the Bloomberg [...]
Filed under: Investments | Tagged: CDO, debt, toxic assets | Leave a Comment »
