Archive for July, 2010
Mexican Tourist Agency Files for International Chapter 15 Bankruptcy
Cozumel Caribe South America, a Mexican tourist company on the beach that provides tourism to beach front hotels across the country has filed an international Chapter 15 bankruptcy. The company reports more than $100 million debt liabilities and $10 million in assets.
When a foreign company or entity
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Creditor Abuse Prevention, part of the Doan Difference TM
A vast majority of our clients are unlawfully harassed by creditors in violation of federal law. The most common violations are:
Repeated calling
Using abusive language
Calling neighbors & family
Calling at work
Calling early in the morning or late at night
Threatening legal action to intimidate
Continuing to call after represented by counsel
Continuing to call after being asked to stop
We take [...]
Manage Your Online Reputation
When searching in Google for information on a company, many times, the Google Suggest feature will suggest relevant searches. for example, if you search for “Lending Tree”, it will suggest “Lending tree Reviews” and “Lending Tree Complaints”. It is wise to see what is showing up and at least respond to any complaints when possible. [...]
Credit Card Debt Down
Credit card debt per borrower is declining across the U.S., in Illinois and throughout the Chicago area, according to TransUnion, the Chicago-based credit reporting company. In an article appearing in the Chicago Tribune, reporter Becky Yerak writes that, in Chicagoland, credit card debt per borrower averaged $5,119 in the
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FHA Mortgagee Review Board Cracks Down
This morning, FHA issued the news release below. FHA is very serious about improving the quality of the program. Keep in mind though that many of these “actions” were taken against lenders who had already gone out of business due to the economy. Therefore, they simply did not renew their FHA license.
Although getting rid of [...]
Investing During a Bear Market
Don’t go broke with your investment broker. If you still have money to invest, and a lot of people do, how do you find the right broker to help make the decisions as to where to put your hard-earned and hard-saved money? Do you look on the Internet, respond
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Should a Husband and Wife File Jointly?
We are often asked if a husband or wife can file bankruptcy separately. The short answer is yes, the longer answer lies in what you hope to accomplish.
By way of background, each debt is the responsibility of the person that took on the debt. For most married couples, that is both the husband and wife. [...]
Free Webinar on FHA Refinance Guidelines
August 11, 2010 – Webinar: FHA Refinances.
This FREE Webinar will help you better understand the FHA Refinance general guidelines. Presenters will discuss Streamline Refinances, Cash-Out, & Rate & Term Refinances.
Basic calculations will be included in this training for anyone wanting to improve their knowledge of FHA refinances. An emphasis will be on the changes to [...]
More Borrowers Leave Mortgage Loan Modification Program
Almost twice as many people dropped out of the government’s mortgage loan modification program in June as those who received permanent modifications, according to the Treasury Department.
There were 91,000 dropouts in June, which means that 530,000 homeowners have left the mortgage program without a permanent loan modification, reported Reuters. Only 49,000 borrowers received permanent mortgage modifications, [...]
Pay Down That Debt Now!
So, you’d like to pay down the balances on your credit cards and other debts and get some much-needed sleep. But how to do it??
One debt-reduction plan, touted by economist Dave Ramsey, is known as the “snowball plan”. Here, as reported by Chicago Tribune reporter, Gregory Karp,
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