Obama’s State of the “Onion” Leaves Jobs/Employment layer unpeeled

Although I am not in the least an Obama fan (I am being kind here), at least I was happy to see some sense of vision for the future in Obama’s State Of The Union address last evening.  Some of Obama’s old fire was back, albeit misdirected once again. I am sensing the same old … Continued

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Filing For Bankruptcy is a Process. Reality Check: There is no I in Bankruptcy.

Reality Check: There’s no “I” in Bankruptcy
The fact is that filing for Chapter 7 Bankruptcy is less about the person and more about the process. Let me say it a different way- there is no “I” in Chapter 7 Bankruptcy

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Home Loan Modi ”fiction” Success Stories, De”climbing” Unemployment and Other Fairy Tales. Tired of Story Time with Obama? 57% of Americans Sure Are. Get the Facts and Take Action….

Just one letter can mask the truth as evidenced in the title of this article. Home Loan Modification has really turned out to be “modi-fiction”, a manufactured term that has very little basis in truth. If you take the “n” out of declining unemployment and substitute “mb” you will have the truth; unemployment is climbing … Continued

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Size Does Matter: When Big is a Bad Thing; Level of Debt to Income Formula Imposes Painful Penalties for Americans with High Levels of Credit Card Debt.

Remember when it was encouraged to borrow more and acquire additional credit cards? Consumers were told that having credit card debt was actually a “plus” as the monthly payments they made demonstrated the willingness to pay as well as established a history of responsible, timeliness. Almost everyone was approved for some type of extended credit … Continued

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Advice to “Small People” Impacted by the BP Gulf Oil Spill

I consider myself one of the “small people” that the leader of BP condescended to “ care about”. Raised with 6 other children on a teacher’s income, as a boy, I trimmed hedges and mowed lawns to buy tennis shoes. Later on, I worked fulltime, attended business school and law school in the evenings, and … Continued

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The Butterfly Effect: Environmental Crisis in Gulf Can Trigger Financial Crisis Across the United States

While watching the ongoing coverage of the BP Oil Spill in the Gulf, Americans residing in areas outside of the Gulf may naively assume that only those individuals residing and working in the affected geographical areas will be financially impacted. Not true. Many American wallets across the country will be pinched and feel the painful … Continued

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When You Lay Down with Credit Card Terminators You’ll Get A lot Worse Than Fleas

Consumers be warned- “credit card debt termination” scams are spreading like wildfire right now on the Internet. Individuals in financial crisis may be tempted and lured in by the false promises and bogus testimonials advertised on the web pages of these, only to find themselves in worse trouble and greater debt.

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Gems TV, NYC OTB, Orleans Homebuilders: Some in Bankruptcy, Some Not.

(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Westland Devco in New Filings; Lehman and Barclays in Other Updates; Icahn’s Trump Entertainment in Briefly Noted; rental vacancy rates in Statistics; high-yield, high-risk debt issues in Commercial Debt Activity.) By Carla Main April 6 (Bloomberg) — Gems TV (USA) Ltd., … Continued

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NC Bankruptcy Lawyer Reports U.S. Plans to Expand Aid to Troubled Homeowners

The Obama administration on Friday will announce a broad new initiative to help troubled homeowners, potentially refinancing several million of them into fresh government-backed mortgages with lower payments. The escalation in aid comes as the administration is under rising pressure from Congress to resolve the foreclosure crisis, which has put millions of Americans at risk … Continued

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Dig Your Way Out of Debt- Legally in NC

Many people find themselves buried in debt; mortgages, credit cards and medical bills that appear to be endless. There are debt solutions to stop the landslide. Common reasons for spiraling debt include job loss, unforeseen emergencies, divorce and overspending. There are three primary options for an individual facing financial hardship and bad debt: debt management, … Continued

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