Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan
Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]
Date: 2009-01-15 00:11:26
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Insider Tips About The Chapter 13 Bankruptcy Forms
consumer law Chapter 13 bankruptcy forms are available to Americans in need to offer a second chance. You may berate yourself and wonder how you got into such a predicament, but the truth is that over one million people ended up filing bankruptcy forms in 2008 and the numbers are climbing in 2009. No matter what your case may be, you don’t have to suffer wage garnishment, foreclosure, repossession, insurmountable debts or harassing creditors and collection callers. [more...]
Date: 2009-09-08 17:54:32
2005 Bankruptcy Law Finance Industry Sought has Strangled Economy
Was the banking industry screwed over by its own bankruptcy law? It sure appears to have hurt the economy.. ... that escape route and forces better-off households to continue paying credit card debt, which makes ... .“Before the reform, overindebted households might file bankruptcy and get rid of their credit card [more...]
Date: 2009-01-14 04:35:33
Britain Becoming ‘Bankruptcy Tourism’ Hotspot
Cash-strapped Europeans are travelling to Britain to go bankrupt – then returning home debt-free. “Bankruptcy tourism” is becoming so popular that a company is now helping insolvent Europeans to travel and live temporarily in the UK. Lenient laws mean that foreigners can live in Britain, file for bankruptcy and leave with the slate wiped clean after [more...]
Date: 2009-09-27 15:44:02
Chapter 13:
Chapter 13: December 22nd, 2008 A Chapter 13 bankruptcy is also called a wage earners plan ... in Michigan. “We are a debt relief agency. We help people file for bankruptcy relief under ... . During this time the law forbids creditors from starting or continuing collection efforts [more...]
Date: 2008-12-23 01:38:35
Chapter 13:
Chapter 13: December 23rd, 2008 A Chapter 13 bankruptcy is also called a wage earners plan ... in Michigan. “We are a debt relief agency. We help people file for bankruptcy relief under ... . During this time the law forbids creditors from starting or continuing collection efforts [more...]
Date: 2008-12-23 04:22:27
Auto Bailout Would Kill Jobs, Impoverish Taxpayers
A bailout would be worse for the auto industry than automakers filing for bankruptcy, explains banking and bankruptcy expert Todd Zywicki, ... of expensive union contracts (such as $70 per hour compensation) and red tape, a “Chapter 11 bankruptcy ... auto dealerships that should be terminated but aren’t because of state dealer franchise laws [more...]
Date: 2008-12-16 18:37:15
An Insult to the American People
Thumbing its nose at the American people, who have opposed a bailout for automakers by a two-to-one margin in public opinion polls, ... but would lose out if the automakers cut their costs by filing for bankruptcy: the United Auto Workers ... to state dealer franchise laws. In an insult to voters’ intelligence, the Administration claims [more...]
Date: 2008-12-19 16:00:56
Personal Bankruptcy and Tough Decisions
by Grace Holt Deciding to file bankruptcy is not an easy decision for most people. Bankruptcies in Florida are no exception ... decision for many You have been taught to pay what you owe. For many walking away form debt becomes ... . Drowning in debt will never produce productive citizens. There is no law that says you cannot pay [more...]
Date: 2009-01-14 09:21:59
Personal Bankruptcy and Tough Decisions
by Grace Holt Filing for personal bankruptcy in the United States has reached epidemic proportions. The economy is partly to blame ... is a moral decision for many You have been taught to pay what you owe. For many walking away form debt ... to function. Drowning in debt will never produce productive citizens. There is no law that says [more...]
Date: 2009-01-14 09:20:15
Mortgage bankruptcy reform may speed losses
A change in bankruptcy laws to allow judges to reduce the mortgages of consumers would probably boost filings, accelerating lenders’ losses on home-equity, automobile and credit-card loans, according to Keefe ... harmed may benefit in some ways, the Keefe, Bruyette analysts wrote. Credit-card companies [more...]
Date: 2009-01-13 08:30:01
The Bad Credit Special Loans.
by Denzel Abintenk Many of the citizens are able to take delivery of bad credit loans after filing the bankruptcy, ... debt load. still with the novel laws there are those who carry on to pile on debt and file [more...]
Date: 2009-01-04 10:28:13
The Bad Credit Special Loans.
by Denzel Abintenk Many of the citizens are able to take delivery of bad credit loans after filing the bankruptcy, ... debt load. still with the novel laws there are those who carry on to pile on debt and file [more...]
Date: 2008-12-19 22:10:26
L?Affaire Madoff: One of the Last In Hopes to be First Out
Earlier today, we mentioned that investors who received redemptions from Madoff within 90 days of the firm’s collapse are particularly vulnerable to the dreaded clawback laws — meaning they could be required to cough up the dough ... filed yesterday in bankruptcy court in Manhattan, that Irving Picard, the trustee, has no right [more...]
Date: 2009-01-02 10:18:00
Bush Auto Bailout Illegal, Bailout Supporter Admits
Clinton Administration Labor Secretary Robert Reich, who supports bailing out the Detroit automakers (whose unionized workers are paid $70 an hour) ... its competitiveness than it would be for the Detroit automakers to file for bankruptcy under Chapter 11 ... expensive regulations (like CAFE rules), and preempting state dealer franchise laws that make it [more...]
Date: 2008-12-20 21:13:33
The Bad Credit Special Loans.
By Denzel Abintenk Many of the citizens are able to take delivery of bad credit loans after filing the bankruptcy, ... a serious debt load. still with the novel laws there are those who carry on to pile on debt and file [more...]
Date: 2009-01-03 08:04:53
dirty rotten scoundrel
Perhaps there’s still hope: Indiana Treasurer Richard Mourdock filed an appeal with the U.S. Supreme Court seeking review of the legality of the Obama-forced bankruptcy of Chrysler, LLC. Mourdock is petitioning the Court to rule on Barack Obama’s blatant disregard of the U.S. Constitution, Article 1, Section 8, which explicitly authorizes Congress, and *not* the president, to determine bankruptcy laws. [more...]
Date: 2009-09-27 18:02:10
Credit Card law questionable
There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... Act of 2005, households could erase their unsecured debts by filing for Chapter 7 liquidation ... the reform, overindebted households might file bankruptcy and get rid of their credit card debt [more...]
Date: 2009-01-13 10:09:00
Bankruptcy - Is It the Answer?
Bankruptcy - Is It the Answer? October 11th, 2008 Subscribe To Our Feed If your finances are in a mess, you may have considered bankruptcy ... to pay back a portion of the debt that is owed to creditors. Your credit will be damaged ... laws. They were allowed to file more than once for Chapter 7 so many used it to beat credit card [more...]
Date: 2008-10-11 21:47:58
Got a gift card for Christmas? Use it ASAP
Filed under: Cards, Shopping, BankruptcyCheck out the story I did for CreditCards ... keep falling right and left, Congress may have to change the bankruptcy laws for gift cards so paying ... not be the last drop in the bankruptcy bucket -- January and February are the two months when most retail [more...]
Date: 2008-12-25 15:00:00
Important Things To Know About Bankruptcy
by John Steed Bankruptcy is the condition affirmed by the court of law that somebody or an organization has been unable to clear its debt ... who has been not able to pay the required monetary funds. Several cases have been recorded and mandated ... . There are several filing of illegal act in financial courts to day. The most common filing is Chapter [more...]
Date: 2009-01-15 04:59:21
Bankruptcy Laws
Bankruptcy Laws Significant changes in consumer bankruptcy laws took effect on October 17, 2005, ... chapter 7. Individuals that decide to pre-file, still have to complete the credit counseling ... with passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before [more...]
Date: 2009-01-08 04:06:14
America Need Struggle No longer for the Best Affiliate Program
by Elizabeth Clark Thomas Jefferson, George Washington and Abraham Lincoln displayed Godlike qualities from their historical biographies ... . The Bible was also the basis of our bankruptcy laws. There were almost a million and a half bankruptcies filed in 2006. A few less were filed in 2007. Yet based on the biblical historical bankruptcy laws [more...]
Date: 2008-06-22 20:38:14
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