Sentences with phrase «old debts some protection»

Statutes of limitations offer consumers with old debts some protection from debt collection agencies.

Not exact matches

Remington Outdoor, one of the oldest firearm manufacturers in the United States, filed for bankruptcy protection yesterday amid mounting debt and declining sales.

Congratulations on taking steps necessary to deal with your old debt and get the legal protection and fresh start you are entitled to under the law.

Some parents can make up the gap with cheaper Parent PLUS loan, but only about one - quarter of older borrowers surveyed by the Consumer Financial Protection Bureau trace their debt to PLUS loans.

The Consumer Financial Protection Bureau says while there are more young borrowers than older ones, those over the age of 60 make up the fastest growing segment of student loan borrowers, and that the number of older borrowers with this type of debt has quadrupled over the last decade.

But if you sign and take out a new loan, it is a new debt, a new loan, and the previous bankruptcy protection from the old loan is gone.

As Blair Mantin explains, if you have old debts it may not be necessary to file bankruptcy to get legal protection.

These policies also provide protection for the growing number of older Americans who are entering retirement in debt, and worrying about leaving a spouse saddled with the obligations.

Thankfully for most of us, the need for life insurance protection decreases as we get older and pay off our debts.

While term life insurance policies provide great protection to replace income, pay off existing mortgages and debts, they are not designed to last until old age.

Getting older, the primary reasons for having Life Insurance protection changes, from covering debt to providing a safety net for retirement income and for living expenses for a spouse.