Well that’s one way to take care of your student loans! But in all seriousness, a Jackson County jury recently ruled against Vatterott College to the tune of $13 million dollars for violating the Missouri Merchandising Practices Act. Basically, the ruling will allow those who were mislead in thinking they were getting a valuable degree. The ruling sheds light on the booming for-profit college industry that has long been criticized for guiding students to expensive courses of study that lead to few or low-wage employment. An appeal is expected.
Bloomberg’s reporting that more than 1,200 debt-saddled consumers were victims of a fraudulent scheme in which Mission Settlement Agency took thousands of dollars and did little to no work in return, failing to reduce debt for their clients. We continue to warn of these so-called debt settlement agencies. If you’re considering a debt settlement company, give us a call first for a free consultation. We can help provide you with immediate relief and real financial freedom through Chapter 7 or Chapter 13 bankruptcy.
No one is immune to bankruptcy. But another sad case, a former All Star outfielder was sentenced for recently for some bad decisions. Former All-Star outfielder Lenny Dykstra was sentenced Monday to 6-1/2 months in prison for hiding baseball gloves and other heirlooms from his playing days that were supposed to be part of his bankruptcy filing, capping a tumultuous year of legal woes. U.S. District Judge Dean Pregerson weighed Dykstra’s battle with drugs and alcohol versus the crimes he committed and opted to give the ex-big leaguer a lenient prison term, but saddled him with 500 hours of community service. He also ordered Dykstra to pay $200,000 in restitution. Dykstra, 49, apologized for his actions and promised to turn his life around. “I don’t think I’m a bad person,” said Dykstra, who was in handcuffs and wearing a white prison-issued jumpsuit. “I made some bad decisions.” You don’t have…
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