Personal bankruptcies are on the rise. When does it make sense to file?
CBSN
No one wants to file for bankruptcy, but if you're heading in that direction, delaying the inevitable may only make things worse.
Bankruptcies are still significantly below pre-pandemic levels, but have gone up relative to last year. Personal bankruptcies were up 16% in October from a year ago, as more Americans are seeking debt relief. But those struggling to stay financially afloat should consider the option sooner rather than later, advise experts who study when and why people file.
"When a consumer feels financial pressure, the last thing on their mind is seeking bankruptcy protection," said Michael Hunter, vice president, business development, at Epiq Aacer, a provider of bankruptcy information and partner to the American Bankruptcy Institute, or ABI. Most people don't file until 18 to 24 months after they've incurred financial hardship, Hunter said.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
The State Department said Wednesday that it would be investigating Harvard University's participation in a visa program for foreign students and academics, the latest in a series of actions the Trump administration has taken targeting the Ivy League school.
Washington — French President Emmanuel Macron and his wife Brigitte Macron filed a defamation lawsuit against right-wing podcast host Candace Owens on Wednesday in response to claims she peddled that France's first lady was born a man.
Russian military planes were detected flying near the coast of Alaska on Tuesday, the North American Aerospace Defense Command said, marking the latest in a string of sightings in recent months.
Bryan Kohberger is set to be formally sentenced at a hearing after pleading guilty to the murders of four University of Idaho students in 2022.
Oregon authorities on Tuesday identified two people who died in a fatal waterfall accident as search operations continued for the one person who remains missing.
Anchorage, Alaska — A brown bear attacked a woman Tuesday afternoon as she hiked on a popular trail in Alaska's Chugach Mountains and officials are still looking for it, state police said.
The U.S. Olympic and Paralympic Committee has effectively barred transgender women from competing in women's sports, telling the federations overseeing swimming, athletics and other sports it has an "obligation to comply" with an executive order issued by President Trump.
Venus Williams became the second-oldest woman to win a tour-level singles match in professional tennis, delivering some of her familiar big serves and groundstrokes at age 45 while beating Peyton Stearns — 22 years her junior — by a 6-3, 6-4 score at the DC Open on Tuesday night.
A sentencing hearing is scheduled to take place Monday for Brett Hankison, a former Kentucky police officer who was convicted in the death of Breonna Taylor, a 26-year-old emergency medical technician.
When Alina Habba was installed by President Trump as acting U.S. attorney for the District of New Jersey on March 24, a 120-day stopwatch was immediately triggered.
Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm.
President Trump on Sunday pushed the Washington Commanders NFL team to return to its previous name, which was scrapped five years ago because it included a word that many view as a slur against Native Americans.
Alaska Airlines has grounded its fleet and that of a subsidiary due to an IT outage.