Record for personal bankruptcies
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Personal insolvencies in England and Wales have hit another record high as interest rate rises take their toll on already over-extended households.
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An explosion in overdue mortgages tailored to home buyers with less-than-sterling credit has driven foreclosure filings to record highs in Massachusetts.
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The US Supreme Court considered yesterday how much retirement savings people can shield when they file for bankruptcy, an important question as more Americans go into debt.
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Mortgage lenders launched more  than 70,000 foreclosure proceedings in California in the third  quarter, marking a record for the state, where many housing  markets are slumping amid mortgage market turmoil, according to  a report released on Friday.
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The Castle Rock, Wash., woman just wanted to file for bankruptcy protection so she could keep her house after her spouse was diagnosed with terminal cancer.
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A controversial special damages claim that threatened to cripple the Financial Times (FT) has been struck out by the High Court. Mr Justice Tugendhat ruled that a record Â£230.
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Thrifts and savings institutions lost a record $5.24 billion in the fourth quarter of 2007, mainly due to write-downs of good will, the U.S. Office of Thrift Supervision said on Wednesday.
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The loss or theft of personal data such as credit card and Social Security numbers soared to unprecedented levels in 2007
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Thanks to relaxed lending standards, in recent years borrowers with bad credit -- such as a bankruptcy or a delinquent loan on their records -- found it relatively easy to get home mortgages.
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The number of people seeking advice on how to meet their debts has hit record levels, the Citizens Advice Bureau warns.
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The company listed assets and debts of more than $100 million each in its bankruptcy petition, which was filed Friday in Delaware.
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An innocent financial background check can send ripples through your credit file.
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U.S. commercial and personal  bankruptcy filings fell 2.6 percent in the year to Sept. 30, as  personal finances improved in a strengthening economy, but  bankruptcies still remain near record highs, a federal court  report showed on Friday.
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Claims against boy-band impresario Lou Pearlman have grown to more than $130 million through a spate of lawsuits by creditors and investors related to his business interests that range from an airline leasing company to restaurants.
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U.S. bankruptcy filings have fallen to a 10-year low after a tough new federal law made it more difficult for Americans to seek protection from creditors.
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A record number of people are due to have their claims for the return of overdraft charges heard at a Leeds court.
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).