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
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
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
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
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
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.
Sandwich Generation/ Baby Boomers are facing mounting debt caring for both previous and future generations. Traditional financial planning priniciples don’t apply due to weak economy, high unempoloyment and downsizing- relief is available from legitimate debt services providers such as licensed attorneys and non-profit organizations.
More Americans filed for bankruptcy protection in March than during any month since the federal personal bankruptcy law was tightened in October 2005, a new report says, a result of high unemployment and the housing crash. Federal courts reported over 158,000 bankruptcy filings in March, or 6,900 a day, a rise of 35 percent from … Continued
Doug Vaughan revealed thousands of dollars worth of cars and jewelry that were previously unknown Thursday at his personal bankruptcy hearing. The disgraced realtor who investigators said is the mastermind of a massive “Ponzi scheme”, had to take tough questions from the people he’s accused of ripping off, but his answers were almost always the … Continued
The Supreme Court on Tuesday made it easier for people who say they cannot repay their student loans to receive bankruptcy protection. But the case arose in an unusual way, and the ruling is unlikely to have a broad impact. Related Times Topics: U.S. Supreme Court | Student LoansThe case involved Francisco J. Espinosa, an … Continued