This article was written by Jeffrey Jackson, Esq. (Licensed in Indiana) and posted here as a guest blogger post.
This week, the 7th Circuit Court of Appeals in Chicago found that there can be a discharge in a student loan case if the right desultory circumstances present themselves. The ruling in Krieger v. ECMC focuses not on the traditional Brunner three-part test but a seemingly more current-times realization that sometimes the repayment of student loans puts the borrower in a “hopeless” situation.
The debtor, Susan Krieger, was destitute and her right to a discharge in bankruptcy unquestioned. But her largest creditor, Educational Credit Management Corporation (ECMC), asked the bankruptcy court to exempt her student loans from the discharge, relying on 11 U.S.C. §523(a)(8). This subsection excludes educational loans “unless excepting such debt from discharge under this paragraph would impose an undue hardship on the debtor”. ECMC rai
Looking for a job can be stressful. While job search engines are great, using social media to land a job is a sometimes overlooked, but fantastic tool in finding a job. It allows you to showcase your work how you’d like, be creative, and connect with people very easily.
Here’s how to use social media to find a job:
The most important social media to use in your job search is LinkedIn, since recruiters often search the site for potential candidates and job searching is it’s primary role. Use your job title or summery to mention that you are looking for a job and describe the position you’re looking for. Be sure to create a fantastic LinkedIn profile by asking for recommendations, adding skills and expertise, describing your education and work experience, joining groups, and connecting with people in your field.
Twitter is an easy way to network since you can follow people you haven’t even met yet. Follow pe
Jamie Dimon, president CEO of JPMorgan Chase has come under fire in recent weeks after shareholder advisory firms recommended that JPMorgan stock shareholders vote to split the chairman and CEO roles, which would effectively demote Dimon. This came in response to the JPMorgan $6.2 trading loss last year due in part to the “London Whale” trade debacle.
– Jack Welch May 8, 2013
JPMorgan would be up a creek without Jamie Dimon as Chairman. One of the smartest, toughest guys around. Didn’t bend when times got hard.
– Rupert Murdoch May 10, 2013
“I think is as first-rate as it gets.” — Barry Diller, chairman of InterActiveCorp on CNBC Friday morning on May 10.
“He’s probably the finest CEO across any business in America.” — Kenneth Langone, co-founder of Home Depot, Inc. on Apri
The past few years have seen the rise of a number of specialized, online investment management services. One of the better programs out there is Betterment.
Betterment describes itself as“The fully diversified, automated, and smart investment account that helps you feel good about your future.” It offers a simple, efficient investment system that will appeal to a large number of investors.
Betterment uses a simple investment strategy thats based on two investment options, referred to as baskets. One basket is made up of stocks and the other of treasury bonds. But rather than holding individual stocks, each basket is comprised entirely of a mix of exchange traded funds .
As an investor, all you need to do is set your portfolio allocation and the system handles your investing for you.
Unlike many online investing services, Betterment does not require a minimum opening account balance. If you open your account with less than $10,000 however, you will be required to make monthly deposits of at least $100 until the balance is achieved. Onc
When it comes to auto finance options, there are a number of choices available to any car buyer. The most commonly known are car loans and car leases. The car loans can be got from banks and any other financial institutions or even online. These loans have their benefits and some possible disadvantages but that is beside the topic here. This article will be discussing car lease in detail instead.
An auto finance lease can be acquired from a leasing company and it operates differently from the auto loans. A lease is not like a loan that you need to borrow. Instead, it is a payment that you have to make monthly. In this case, the leasing company purchases the car under its name and then rents it out to you. You can use the vehicle for as long as the lease period lasts under the regulations that are set by the company.
When the lease expires, you have four main options. You can either allow the company to auction the vehicle and you pay for any losses, or you can refinance the lease.
In case you didn’t already know this, there is no magic eraser that wipes out all your debt from your credit report after bankruptcy. In fact, more often than not, the credit bureaus get it WRONG! I know you’re not shocked by this, but wondering how to fix it. Bankruptcy alone does not fix your credit. There is actually more work to do.
Putting the pieces together after bankruptcy does not have to be difficult. You can get credit after bankruptcy and you can improve your credit score by properly updating your credit reports. keeping an eye on your credit by pulling your own credit report every year is another important step in rebuilding your credit. Recently, 60 Minutes Overtime showed us what’s it like to try to fix errors in credit reports. So h