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Tennis Champion Boris Becker Declares Bankruptcy

November 14, 2017 | Posted in News

49 year old Boris Becker has experienced the height of achievements that any sports professional could ever desire to obtain: six grand-slam tennis titles, five year-end championships, 13 Master Series titles, and even an Olympic gold medal in doubles tennis. The German born tennis champion Boris Becker reportedly amassed a whopping $63 million in prize […]

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Ohio State University Takes Steps to Lower Student Debt

November 8, 2017 | Posted in Student loans

With American Student Debt reaching a monumental $1.45 trillion this year, spread over roughly 44 million borrowers, elected officials and University officials around the country have been working to come up solutions that will make college education affordable and not burden graduates with unmanageable debt. This week, the Board of Trustees at The Ohio State […]

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Ohio Considers New Income Tax for Unemployment Compensation

October 30, 2017 | Posted in Income

House Bill 382 was introduced by Ohio State Representative Kirk Schuring this week that proposes a premium to be charged to all Ohio employees beginning in 2019. The move is planned to generate $125 million per year in an effort to increase Ohio’s unemployment-compensation fund to contribute to jobless benefits. This new tax would equal […]

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Beware Security Interest Clause in Credit Card Agreements

October 24, 2017 | Posted in Credit

Generally, credit card debt is categorized as unsecured debt, or debt not secured by property you own. In a testament to always reading the terms and condition when you sign up for a new cared, some credit cards have recently been discovered to include a security agreement that can give credit card companies the right […]

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Flint Michigan Will Go Bankrupt without Water Agreement

October 17, 2017 | Posted in News

The Mayor of Flint, Michigan has faced a number of administrative troubles over the past few years. The troubles surrounding the city’s water began in 2011. When faced with a general fund deficit, the city council employed cost cutting measures that lead to tainted drinking water that contained lead and other toxins. The city’s water […]

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Massachusetts Contractor Gets Jail Time for Bankruptcy Fraud

October 12, 2017 | Posted in News

If you conceal assets from creditors during bankruptcy, you are breaking the law and could face heavy fines and imprisonment. Cyril Lunn, a Massachusetts based construction contractor found this out when he concealed assets and made false statements under penalty of perjury earlier this year. He was finally sentenced to a lengthy prison sentence by […]

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Southern Nevada Goodwill: Chapter 11 Bankruptcy

October 9, 2017 | Posted in Filing Bankruptcy

Goodwill Industries International Inc., better known as simply Goodwill, is an American nonprofit 501(c)(3) company that provides job training and employment for individuals who face employment challenges. The Goodwill retail stores that we are so used to seeing operate as nonprofits as well. The company that we know so well has recently run into some […]

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Ohio Among Worst States for Student Loan Debt

October 3, 2017 | Posted in Student loans

According to recent reports, nearly two-thirds of Ohio students leave school with debt. Furthermore, Ohio has the 10th highest average amount of debt per student coming in at over $30,000 per student for those that graduated in 2015. And student debt isn’t just a new graduate issue either: nearly 8 percent of Ohio residents over […]

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