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
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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 –
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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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There are 94 federal judicial districts in this America, and in almost all districts, bankruptcy cases are filed in the bankruptcy court. Almost all districts of separately appointed federal judges that just handle bankruptcy filing and related matters. Bankruptcy cases cannot be filed in state court. Why are there separate federal bankruptcy courts? Mainly because
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My colleague Jamie Ryke of Second Start Bankruptcy Law Firm talks about how staying alive often means filing bankruptcy, and how some people let the stigma of bankruptcy effect their better judgment. Bankruptcy is a legal device that is intended to help you from losing everything. Let us listen in to Jamie Ryke –
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Both before and after you file bankruptcy you will run into a bunch of non-lawyers that will try to entice you into doing something that is not in your best interest. You need to try and avoid these obvious scams: 1. EMAIL AND SPAM. You get emails and spam that enter your mailbox trying to
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Trying to make a decision to file bankruptcy is a hard decision. I grant you that. It is one that you have to make by yourself. All lawyers like me can do is give you the best advice possible. However, I get asked all of the time why someone in a very tight financial situation
Inflation is a terrible thing. It hurts most everyone. As gas prices, food prices and the prices for essential rise uncontrollably, people and companies simply cannot keep up with the market pressures. Consumers have to go further in debt, more debt does not get paid, more people are forced into bankruptcy, and then companies and
Double Digit Inflation Is On The Rise And Could Hurt A Lot Of Well Meaning People Read More »
According to Credit Slips, a blog dedicated to credit and bankruptcy, bankruptcy filings in the U.S. are now at their highest daily rate since the 2005 changes to the federal bankruptcy law. There were 79,198 bankruptcy filings in February 2008, or 3,959 new filings per day. That is an increase of 28% over the same
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