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April 2012 Archives

Gingrich think tank declares bankruptcy, threatens campaign

A think tank associated with Republican presidential hopeful Newt Gingrich has filed paperwork declaring Chapter 7 bankruptcy, according to reports. The organization, known as the Center for Health Transformation, has offices in Washington, D.C., and two other cities. The group plans to liquidate its assets as soon as possible, according to documents submitted in U.S. Bankruptcy Court.

Student loan debt saddles taxpayers, borrowers

Student loan debt used to be a practical risk; borrow to obtain an education and pay off the loans after getting a high-paying job. But with the tenuous state of current economic conditions, many graduates are struggling to repay what they owe, which makes the need for debt relief more important for these young adults.

Bankruptcy: Commonly asked questions

People in Washington, D.C., and elsewhere file for bankruptcy for a number of reasons. They often approach the process unsure of which chapter to file and which debts can be discharged. Asking the right questions ahead of time can make the process easier. Here are a few of the most common questions regarding bankruptcy.

Details released of $25 billion mortgage settlement

In a landmark settlement with big banks, the government has released more details about the $25 billion foreclosure abuse settlement plan. While the banks have agreed to no wrongdoing, the government has asserted that it will closely monitor that all parties involved follow the agreement.

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