As millions of Americans are losing their homes, often unjustly because they were enticed into programs that have harmed them, at least one Website is gleefully tallying the number of these outrageous lenders that have run into trouble themselves. The Mortgage Lender Implode-O-Meter has become so recognized that, according to The New York Times, at […]
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Debt collectors constantly cross the line. They at least work hard to walk right up to the line. There are laws that protect you from inappropriate debt collection, but many of them are complicated and debt collectors are always devising systems that try to harass you while trying to stay barely within the guidelines of
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You remember Michael Vick? He is the former NFL quarterback who is serving a 23-month prison term for plotting to run an interstate dogfighting ring. On top of that, on July 8, 2008 he filed for Chapter 11 reorganization. According to Bloomberg News, Vick cited debts of $10 million to $50 million in Chapter 11
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According to the Associated Press and Fox News, Democratic presidential candidate Barack Obama has proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. In doing so, Obama also accused Republican rival John McCain of repeatedly siding with the banking industry, saying,
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Make no mistake about it. If you have a disputed claim hanging over your head, sometimes bankruptcy can put you in the driver’s seat. If you are not the debtor and a defendant in some action filed in bankruptcy, maybe you should think twice about not compromising or settling your case. Litigation is unpredictable. Just
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If you are having trouble determining if you even have a chance of buying yourself out of your credit card debt, I suggest you try the Credit Card Debt Calculator. You can see it and use it by CLICKING HERE. For example, I went to this calculator, stated a credit card balance of $10,000.00, at
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The United States Trustee’s office warns you about bankruptcy foreclosure scams. These are serious matters that can get you in more trouble than the financial trouble of which you were trying to escape in the first place. If your home is posted for foreclosure in Texas you have very little time to act. The longer
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At least the British newspaper The Telegraph thinks it has uncovered evidence to this effect. In a report the paper states America is going bankrupt: The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country’s central bank. A ballooning budget deficit and a
Is America Going Bankrupt? Read More »
Elizabeth Warren is a professor of law at Harvard University School of Law. She researches and teaches about credit issues. She warns in this video about the “taste for credit” and how credit card companies take advantage of that. Let us listen in –
A Taste For Credit Read More »
MSN Money lists the 12 Myths About Bankruptcy. They are: 1. Everyone will know I’ve filed for bankruptcy. Unless you’re a prominent person or a major corporation and the filing is picked up by the media, the chances are very good that the only people who will know about a filing are your creditors. While
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