Archive for December, 2010
Nowadays, there are two types of seniors with high debt to income ratio: the retirees that will take their debts to the grave and those who are forced to seek bankruptcy protection.
According to November’s 2010 report issued by The U.S. Bankruptcy Court – Central District of California –Orange County these are the cities with most Chapter 7 bankruptcy cases filed: Anaheim (174 CHA7 bankruptcy files) Santa Ana …
Explanation of what “Debt tagging” is and how it could affect you.
On December 17, 2010, Judge Mary Walrath, the judge in Washington Mutual Inc.’s bankruptcy case refused a shareholders petition to make public a confidential document.
According to the California Central District U.S. Bankruptcy Court, this year’s November has been the highest in regards to the amount of bankruptcy filings in 11 years.
Many bankruptcy filings include major credit card debts that constantly torment debtors. Taking precautions to avoid this from happening is always a healthy practice for your personal finance; part of it is making sure you pay credit card companies only the necessary since many additional products/services will only help you to inflate your bill.
Advice on how to deal with creditors while filing for bankruptcy.
Another Orange County based company seeks bankruptcy protection to reorganize debts; this time is the metal manufacturer and distributor in Anaheim, Fasteel Corp., along with two related entities.
The bankruptcy process started this Monday December 13th, 2010 for A&P, or The Great Atlantic & Tea Co.
For the bulk of people contemplating bankruptcy, their credit has already been severely damaged. Each creditor reporting negatively every month takes a heavy toll on a credit score. For clients whose credit score is still standing, they’ve been engaging in expensive juggling that takes a personal toll.
Bankruptcy stops the constant negative reporting so the positive [...]