The Senate passage was expected, but it took a coalition led by Banking Chairman Chris Dodd. The Senate has easily passed a major crackdown on credit card companies, agreeing to impose strict new rules on interest rates, fees and other controversial billing...

U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more than 2 million jobs since the beginning of the year.

Citigroup (C) a big issuer of MasterCard cards—reported its...

When you file bankruptcy, you are required to complete a current monthly budget.  This will be performed with your attorney.  This budget will be based on your current monthly income and your regular monthly expenses.  This current monthly income is more than just...

Bankruptcy is intended to help honest debtors get a fresh start, but there is no hard and fast rule on who will benefit the most from filing for bankruptcy. These are some of the warning signs that I look for when advising a potential client that it may time to file...

Reputable credit counselors can advise you on managing your money and debts.  They may also be able to develop a plan to repay your debts.  But, most credit counselors are not reputable and charge high fees and contributions that will cause you to fall deeper into...

Certain sections of the Bankruptcy Code or Law will require you to determine the value of your personal property and real property, or real estate.  Your attorney will provide you with assistance with this calculation, but your attorney is also required under law to...