Archive for Bankruptcy
Who Is Really Filing for Bankruptcy?
Go take a gander at your newspaper’s business section. Go ahead, take it all in. The bankruptcies you see reported are the ones alerting stockholders, financiers, and everyone else immersed in the corporate world: the Chapter 11 business bankruptcies. Even the blog you are currently reading stands guilty of
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Everything You Wanted to Know about Economic Indicators – Part II
More U.S. economic indicators from the Chicago Tribune…
• U.S. median existing single-family home price, the monthly median sale price for existing single-family homes. Housing prices affect perception of consumer financial health and affect consumer spending. Prices reflect state of homebuilding and related industries; $184,200 in June 2010
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Credit Cards Differ by Rates, Fees, Terms & Rewards
Despite sweeping financial reform in Washington, D.C., aimed at ending questionable credit card billing practices, banks are continuing to implement procedures that pretty much ensure borrowers accumulate as many fees as is legal.
These dubious practices occur when portions of cardholders’ balances carry different rates of interest; cash
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Boon or Burden? California Bill Restricting Local Government Bankruptcy Returns to Capitol
California city and county agency budgets are about to get a lot tighter. A bill that would restrict local government bankruptcies is being heard this week by the Senate Local Government Committee. The bill in question, California Assembly Bill (AB) 155, has been recently amended in efforts to tackle
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Strike-Out for Former MLBer?
Lenny Dykstra, former star of the Philadelphia Phillies and New York Mets, has encountered still another snag in his long-running Chapter 7 bankruptcy chronicle. In a court filing, Arturo Cisneros has resigned as the trustee in the Lenny Dykstra case “after consultation with the Office of the United States
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Debtpidemic!
Debtpidemic [det-pi-dem-ik] – noun a rapid spread or increase in the occurrence of toxic debt, affecting individuals, corporations, as well as local, state and national governments: Doan Law Firm has officially declared a debtpidemic.
Our collective debt load has reached such a level that we need a new word to describe it. We propose “debtpidemic”. [...]
Seattle Businessman Seeks Chapter 11 Protection
Darren Berg, a Seattle, Washington, businessman who raised over $145 million for several of his Meridian Mortgage investment funds that are currently in the bankruptcy courts, has looked to the protection of Chapter 11 bankruptcy for himself.
Attorneys and sheriff’s deputies seized Mr. Berg’s
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Credit Card Reform Finally Finalized
The comprehensive reform of the credit card industry is now complete; federal guidelines crafted to put an end to deceptive practices have been signed into law.
This final phase of credit card reforms restricts the amount that card issuers can charge in penalty fees. For example, if you are
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Credit Card Reform Finally Finalized
The comprehensive reform of the credit card industry is now complete; federal guidelines crafted to put an end to deceptive practices have been signed into law.
This final phase of credit card reforms restricts the amount that card issuers can charge in penalty fees. For example, if you are
Read more…
College Freshmen & Credit Cards
If you are an incoming college freshman, your class will be the first to face credit card restrictions under the Credit Card Accountability, Responsibility and Disclosure Act of 2009, a federally-mandated law aimed at protecting consumers from deceptive practices by credit card issuers. If you are under 21, you
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