Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

The U.S. Court of Appeals for the Ninth Circuit has found that debts relating to a securities law violation could be discharged in a Chapter 7 bankruptcy proceeding if the debtor himself was not ...

Bradley James Carlson, a businessman who owned and managed multiple companies, has agreed to give up the protections of bankruptcy after a federal investigation revealed attempts to hide millions of ...

Tens of thousands of borrowers may be about to receive automatic student loan forgiveness after the U.S. Department of Education missed a key processing deadline.

The Ninth Circuit, affirming the Tax Court, recently held that to deduct a nonbusiness bad debt, the debt must be “wholly worthless,” and if the debtor reports cancellation-of-debt (COD) income, the ...

People with private student loans have been struggling during the pandemic. Their loans aren't eligible for the government's penalty-free repayment pause, which is in effect until at least Oct. 1 for ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Find my match Could your debt be reduced or forgiven? Take our financial relief quiz. Many people believe they will walk away ...

When financial hardships strike with increasing intensity, the thought of declaring bankruptcy can emerge as a beacon of hope for individuals and businesses alike. In its essence, bankruptcy is a ...

A bankruptcy judge in Buffalo has wiped out the $56,299 debt of a woman who borrowed $16,900 25 years ago for an education she never completed. A bankruptcy judge in Buffalo has wiped out the $56,299 ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Suppose that your uncle loans you money, but later tells you not ...