Many Long Island residents are struggling with debt, but some of the worst problems are borne by the young, working poor who have been saddled with debt from health care costs and student loans. These people are seriously in need of debt relief. One man recently told...
Month: April 2013
Baby boomers beset by student loan debt
New York residents are probably familiar with the growing problem of student loan debt. The cost of education keeps going up, and many graduates are finding that there aren't enough well-paying jobs available to help them pay off their loans once they come due. Many...
Chapter 11 bankruptcy for ailing doctor’s offices
The medical profession, one might think, is recession-proof. After all, there are always sick people, whether the economy is good or bad. But, in fact, the sluggish economy has taken a toll on doctor's offices in New York and across the country. As a result,...
Older Americans desperately in need of debt relief
A financial industry report recently noted that delinquent payments on credit cards appear to be falling to their lowest levels in 15 years. The American Bankers Association report said that the delinquency fell to 2.47 percent in the fourth quarter of last year,...
Singer Dionne Warwick files for Chapter 7 bankruptcy
Long Island residents may remember Dionne Warwick's' voice as one of the most recognizable of the 1960s, in hits such as "Walk on By" and "Do You Know the Way to San Jose?" At 72, she still performs fairly regularly. But according to her publicist, gross financial...