Are you a spender or a saver? It's definitely worth thinking about as we move into the holiday season. Whether you're a spender or a saver there is a trade-off. If you spend money now you'll likely have to save more later, but a lifelong commitment to financial literacy is the best way to go according … [Read more...]
Think Money says ‘bankruptcy best for some’
November 7, 2011 By Leave a Comment
Think Money, a financial solutions company, responded to the latest Insolvency Service figures which showed a significant fall in bankruptcy orders in the third quarter of this year. It says that while numbers are declining, it's still the most appropriate solution in certain circumstances. Altogether, … [Read more...]
Billionaire Developer Revealing truth About Bankruptcy
October 25, 2011 By Leave a Comment
Developer and founder of the prestigious Yellowstone Club in Montana is speaking out about his resort's bankruptcy. Tim Blixseth detailed his life story in an article called "A Billionaire in Big Sky" including his humble beginning living on welfare in Oregon. Blixseth is working on an autobiography … [Read more...]
Study Links Housing Crisis and Health Crisis
October 21, 2011 By Leave a Comment
The housing crisis is creating a health crisis, according to a new study released by the American Journal of Public Health. It's the first long-term survey of the impact the housing crisis is having on older Americans. The study found high rates of depression among those who are behind on their mortgage … [Read more...]
Real Housewife of New Jersey Withdraws Bankruptcy Filing
September 24, 2011 By Leave a Comment
Usually celebrities getting into financial trouble makes headlines, but you rarely hear about them getting out of it. According to People Magazine, Real Housewives of New Jersey stars Teresa Giudice and her husband Joe have withdrawn their bankruptcy filing. Teresa's reality show is currently airing … [Read more...]
Study Shows Decline in Small Business Bankruptcy Filings
August 24, 2011 By Leave a Comment
A new study from Equifax shows that small business bankruptcies have declined in 2011 compared to 2010 by more than 15 percent. But this isn't all good news for the nations more than 24 million small businesses. Bankruptcies among small businesses are still 30.03 percent higher than they were before … [Read more...]
Orlando Bankruptcy Rate Falls for First Time in Five Years
July 28, 2011 By Leave a Comment
Orlando's bankruptcy rate fell for the first time in five years. But that good news, doesn't mean the bad news will stop coming. According to the Orlando Sentinel, experts say the household bankruptcy crisis is far from over. The reduction in the number of bankruptcy filings may come down to one simple … [Read more...]
Borders’ Liquidation Begins Creating One of Biggest Bankruptcies in History
July 26, 2011 By Leave a Comment
Borders' liquidation sales are underway at hundreds of its retail stores around the country. With discounts of up to 40% on just about everything in the store, many shoppers piled in to their local Borders looking for a bargain. According to reports the sale is happening at 259 Borders superstores, 114 … [Read more...]
Distressed Homeowners to Receive Refunds From Excessive Fees
July 20, 2011 By Leave a Comment
Hundreds of thousands of refund checks worth nearly $108 million are in the mail to homeowners. The Federal Trade Commission is mailing that money to people who were allegedly overcharged by Countrywide Home Loans, Inc. The FTC is trying to protect financially distressed homeowners by returning some … [Read more...]