Written by admin on March 3rd, 2010
Bankruptcy Fraud On the Rise
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute anyone it suspects [...]
Continue Reading...Written by admin on November 30th, 2009
How to Obtain a Loan, Even if You’ve Gone Bankrupt!
With all of the things we need money for in life including homes, cars, and even home improvement projects, it is reasonable to expect you will need a loan sooner or later.
Continue Reading...Written by admin on August 27th, 2009
Reader’s Digest To File Bankruptcy
It looks like literature icon Reader’s Digest is filing for bankruptcy. Publisher, Reader’s Digest Association Inc, the publisher of the small magazine, is set to file Chapter 11 bankruptcy as part of an agreement reached with the majority of its secured lenders to cut down the debt by 75%.
Continue Reading...Written by admin on June 11th, 2009
RH Donnelly Files Bankruptcy
In one of the latest ripple effects of economic recession, publisher R.H. Donnelley Corporation, the company responsible for publication 600 directories including telephone Yellow Pages, officially filed for bankruptcy protection from creditors in order cut its outstanding debt by about $6.4 billion even as it continued suffering other losses.
As of December 31, 2008, the North [...]
Written by admin on July 30th, 2008
The Myths Surrounding Bankruptcy
Bankruptcy can be a very viable solution to several households who find themselves in debt that is just not manageable. However, it should only be used as a last resort since the after effects of bankruptcy can linger up to 7 years, sometimes longer.
Bankruptcy filings have net yet risen to astronomical levels despite the fact [...]
Written by admin on July 2nd, 2008
Using Bankruptcy To Solve Debt Issues
If you are thinking about filing bankruptcy, you may want to reconsider this action. You may think that you are running out of options because your debt situation keeps getting worse no matter what you do to try to change it. If you are feeling discouraged about your financial picture, filing bankruptcy may [...]
Continue Reading...Written by admin on June 25th, 2008
Give Bankruptcy Serious Consideration before Pursuing It
In the midst of financial turmoil, it can be easy for an individual to consider taking drastic measures in order to manage debt. With the nature of the economy and the way it has stumbled since last year, it can be easier than ever to consider turning to that grim solution that everyone considers when [...]
Continue Reading...Written by admin on June 15th, 2008
Loans After Bankruptcy
We all will probably need a loan at some time in our life. It might be to handle an emergency, to finance a home project, or to pursue a business venture. You may need a loan for a new car or to further your education or your child’s, you may even be in [...]
Continue Reading...Written by admin on March 11th, 2010
Bankruptcies Reach New Highs
Bankruptcies have reached new high levels and the year 2009 will probably hold the record for a while as the year more people across all socioeconomic strata were forced to file.
Continue Reading...
- Predatory Lending Leads to Foreclosures Written on March 10th, 2010
- Bankruptcy Fraud On the Rise Written on March 3rd, 2010
- Consumer Loan Defaults Seem to be Slowing Written on February 24th, 2010
- Some Hope…Maybe…For Those Facing Foreclosure Written on February 19th, 2010
- Students are Lured to Colleges by No Fee Applications Written on February 15th, 2010
- Foreclosures Rise In December Disappointing Everyone Written on February 13th, 2010
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Predatory Lending Leads to Foreclosures
Written on March 10th, 2010
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction.
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Bankruptcy Fraud On the Rise
Written on March 3rd, 2010
According to the Internal Revenue Service (IRS) website there were 1.7 million bankruptcies in 2003 and 10 percent of them had fraud involved. Bankruptcy fraud is when a person or company tries to hide assets through the bankruptcy process. The IRS takes this kind of fraud very seriously and will prosecute anyone it suspects [...]
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Consumer Loan Defaults Seem to be Slowing
Written on February 24th, 2010
Consumer loan defaults seem to be slowing down according to the banks. Since the start of the recession there has been a mountain of defaults in both the mortgage and credit card industries. Millions of households are experiencing unemployment or reduced earnings after pay cuts and/or reduced hours. Just last week the U.S. government [...]
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Some Hope…Maybe…For Those Facing Foreclosure
Written on February 19th, 2010
There is some hope still for homeowners wondering if there will be more foreclosure statistics in 2010. The federal government is working on a plan that will hopefully make it easier for people to qualify for the Making Home Affordable program. The government is also trying to find a way to convince banks to [...]