American Opportunity Tax Credit

As a general rule, I typically oppose almost all federal government spending on anything other than the responsibilities expressly outlined in our Constitution. I believe that such expenditures result in waste, corruption, debt and a limiting of the right to “life, liberty and the pursuit of happiness”. Much of government sponsored financial aid has really only served to drive up the price of a college education and increase the amount of our national debt. [more...]

Date: 2009-09-23 11:00:09

Blog posts (855) | Videos (765)
 

Assessing Distressed Debt Opportunities

We all understand the fundamental philosophy that  generally drives winning investing (or at least I hope we all do): “buy low,  sell high” ... of distress associated with it (either personal and/or debt driven  distress). This blog will focus on assessing the distressed debt  opportunity. As due diligence consultants, we’re asked [more...]

Date: 2008-11-02 09:48:47

Debt Consolidation Programs That Are Offered In Illinois

Given below are a few debt programs offered by non profit companies in Illinois. It is helpful to take a look at these institutions on a more thorough level. The first company is Dept Counseling Corp. this has established itself as a non profit company. They provide various services related to debt and financial situations. [more...]

Date: 2009-09-09 16:15:16

Managing Debt: Get A Grip on Reality

From the Examiner.com: Whether you spend more than you make or have borrowed too much along the way, it’s time to realize that you’re not the only person who has made this mistake or is faced with the payoff battle. Whatever your case is, if you’re serious about getting out of debt, the bottom line in doing so is training yourself to live on what you earn versus living on what you want. To do that, you’re going to have to make a few modifications. [more...]

Date: 2009-09-10 21:50:00

Can Collection Agencies Sue Me For Outstanding Debt?

Amazon.de Widgets The question that many people are asking is ‘can collection agency sue for a debt?’ With the amount of people suffering financial hardship due to the current economic crisis the number of people facing difficulties paying their bills is increasing rapidly and for the time being, at least, this trend shows no sign of reversing.Previously, lenders who had borrowers that had fallen into arrears would normally, only go as far as to post negative credit information upon the debtors [more...]

Date: 2009-09-29 11:34:48

Widow Shrieks Bloody Murder: Debt Collectors Murdered My Husband

Dead Guy Video The era of complete and total disregulation of the financial violence industry has created a new class of predator, the debt collector, often a third party speculator who buys blocks of debt at a discount and sends bounty hunters out to collect on it, using tactics that would make Ghenghis Khan vomit blood. [more...]

Date: 2009-09-25 01:54:57

What Would Happen if You Get Into Financial Trouble

With new technology constantly coming onto the market, the prices of everything rising, and the introduction of more and more credit cards, it is very easy to understand why an increasing number of people are finding themselves in debt. Personal bankruptcy is at all time high because now people are having problems paying for their homes. However, individuals who see quickly that they have a debt problem then there is help available. [more...]

Date: 2009-09-25 09:05:07

Follow the debt

From the Times of Trenton: Bankruptcy lawyers’ business booming With real estate activity in a deep freeze, ... the debt. McCarter & English, the state’s largest law firm, will announce today it’s ramping ... with expertise in restructuring and debt management,” McCarter & English chairman Drew Barry said. Lawyers [more...]

Date: 2008-10-30 11:34:51

Debt management firms set for regulation?

The government is launching a consultation into debt management companies which could see the sector become regulated. Debt management firms typically offer to condense your payments to an affordable monthly amount and will negotiate with your creditors to get them to agree to lower your payments. read more [more...]

Date: 2009-09-18 11:54:54

WHEN YOU GO BANKRUPT

by Bart Icles The total nation is currently confronting a joyless mercantile situation. As we have been using out of funds, it competence be beneficial to have a Chicago failure counsel by your side so we can begin meditative about a uninformed start. The Chicago failure law was upheld to assistance honest people have a brand new begin by a rejecting of many of their debts. The law additionally allows people to compensate their debts over an lengthened length of time. [more...]

Date: 2009-09-26 10:13:17

Rep Wants To Show AIG Love

Continuing to rehabilitate his formerly tarnished image, Maurice ”Hank” Greenberg has been peddling a proposal to restructure the debt of American International Group (AIG) . Despite what would seem like an inhospitable climate for a nakedly self-serving initiative, Greenberg has gained some traction with Congress. Greenberg met with Rep.. Edolphus Towns, the chairman of the House Oversight and Government Reform committee, to pitch his proposal for resetting AIG’s debt. [more...]

Date: 2009-09-21 15:28:18

WSJ: IRS Makes It Harder To Negotiate Tax Debts

Wall Street Journal: Wiping Out Your Tax Debt Gets Tougher; IRS Tightens Rules, as Firm That Acts as Middleman Settles Cases With 18 States, by Tom Herman: It's getting harder for taxpayers in debt with the IRS to negotiate a deal to pay ... in 2007 from 106,000 in 2004. ... Critics say the program needs to be overhauled. In a recent report [more...]

Date: 2008-07-23 16:45:31

Danger: Beware Of Payday Loans For Debt Consolidation

By Ozeme J Bonnette For the past two years, the economy has really taken us for a ride. The economic crisis is hurting families at all economic levels. Now it is more critical than ever to be careful with your finances. Eliminating debt requires both consistency and determination. It can be tempting to seek ways to speed up the process. Some people consider taking out a loan to pay off credit cards. Here is one money mistake that you should really avoid. For two years, the economy ha [more...]

Date: 2009-09-28 19:02:40

Telemarketer calling from 714-679-2140 (Santa Ana, CA)

Annoyed reported a Telemarketer (7146792140 from Santa Ana area, CA) . The following comments were posted: Got an unsolicited text message from them "Do you have 10k or more in credit card debt? Our debt relief program CUTS your payments and total debt by over HALF. No upfront fees. May we contact you?" Permalink: http://www.numberinvestigator.com/phone/714-679-2140.html [more...]

Date: 2009-09-29 18:08:38

Lessen that Debt!

Lessen that Debt! by Mike EdwardsFrom the neighborhood grocery store to the biggest of banks, everyone was affected by the previous years recession. The worlds most powerful financial institutions collapsed right before our very eyes. This created a domino effect that led to smaller companies closing shop and their employees losing their jobs. But with most people thinking that all this was caused by the biggest businesses, this is only partially true. It all started with the sub-prime crisis. [more...]

Date: 2009-08-30 10:35:35

FACT Corp. (FCTOA.OB) Restructures Outstanding Debt

FACT Corporation operates through its wholly-owned subsidiary, Food & Culinary Technology Group Inc. The company develops and markets customized nutrition solutions for the global baked-goods industry. FACT sells specialty bake mixes to commercial producers who use these mixes to manufacture popular, health-friendly packaged baked goods. The company announced today that it has successfully negotiated a restructuring of the majority of its short-term debt with various creditors. [more...]

Date: 2009-09-16 13:59:26

3 Insider Secrets To Choosing A Debt Collection Agency

If you’re a playing someone hunting to better your unpaid accounts uncovering an trenchant sparing and reliable assemblage authority crapper be a discouraging task. As in some industry, assemblage agencies depart in both motive and experience. As such, if you opt the criminal authority chances are you’ll retrograde hundreds, thousands and quite easily tens of thousands of dollars both in unrecovered debts as substantially as in offensive assemblage authority fees and commissions. [more...]

Date: 2009-09-22 10:11:40

Getting Out of Debt Quickly pt 1

You are probably familiar with this feeling: Your bills are constantly piling up, but you feel so far behind that you simply cannot bear to even open them. When you do open them, you quickly realize that there is only enough saved up in your bank accounts for you to make the minimum monthly payments and nothing more. You have plenty of other company all over the country. The average family in America is carrying between $8,000 dollars and $9,000 dollars in debt on their credit cards alone. [more...]

Date: 2009-09-25 11:16:53

Debt or Credit Counselling - Well worth Considering

In some parts of the world financial counselling is called credit counselling, while in some European countries i.e. United Kingdom it’s generally referred to as debt counselling. Whether using one expression or the other, the nature of debt or credit counselling boils down to one and the same meaning - getting an education process of [more...]

Date: 2009-09-07 05:44:48

Medical Expenses A Common Cause Of Bankruptcy

The following guest post was submitted by Kevin, web content writer for Resqdebt.com. For more helpful tips on how to save money and stay out of debt, visit Resqdebt’s website at www.resqdebt.com . When Americans think of a person trapped in enormous amounts of debt, inevitably they think of irresponsibility. They think of fast cars and fancy stereo equipment. They think of people living the high life who could not afford it. In short, they think of a deadbeat. [more...]

Date: 2009-09-25 10:00:13

Corruption charges prompt Congo to lobby Congress

In the past few years a handful of private equity or hedge funds have garnered a reputation as “vulture funds,” a term coined to describe companies that profit from the debt of extremely poor countries. The hedge funds buy defaulted debt for pennies on the dollar, then sue them later for the full amount owed in U.S. and European courts. Both in 2008 and earlier this year, members of Congress introduced bills to protect these debtor nations from lawsuits. [more...]

Date: 2009-09-18 19:08:25

Reader Pays Off $14,330 In 20 Months With Our Tips [Debt]

Stuck in a $14,300 debt hole, reader Trixare4kids was able to dig herself out using tips she learned about on Consumerist.com ... it all in 20 months. She writes: "This morning I made my very last payment on $14,300 in credit card debt ... credit card company and tried to negotiate for a lower rate. I was successful with a lot of them. In once [more...]

Date: 2008-10-06 20:35:27

Telemarketer calling from 949-981-0364 (Irvine, CA)

Alphanumericone reported a Telemarketer (9499810364 from Irvine area, CA) . The following comments were posted: Spam text message stating "Do you have 10k or more in credit card debt? Our debt relief program CUTS your payments and total debt by over HALF. No upfront fees. May we contact you? Permalink: http://www.numberinvestigator.com/phone/949-981-0364.html [more...]

Date: 2009-09-29 16:12:12

Forgiven Debt Isn't Really Forgiven At All

By Kate Luther If you've been struggling with the rest of the economy, chances are you've been forced to rethink your financial priorities. And as a result, credit cards are often the first thing to go. The good news is that once you get behind, many credit card companies will offer to "settle" your account, some for as much as just 40% of your original balance. And if you're looking at a large chunk of credit card debt, making it go away for 40% of its value sounds like a pretty good deal. [more...]

Date: 2009-09-22 13:00:09

TARP II: The Wrath of TALF

In normal times the Federal Reserve responds to crises by using teeny, gold-plated hydraulic levers to raise and lower interest rates ... which it will lend up to $200 billion to support the issuance of debt backed by consumer and small-business debt -- such as credit-card loans, student debt, auto loans and loans backed by the Small [more...]

Date: 2008-11-26 15:35:02

Moody’s Techniques Deeply Flawed – Analyst Blog

Moody’s allegedly hastened the credit crisis earlier in the decade by assigning top ratings to mortgage-backed securities that deteriorated later. Moreover, it is being probed by regulators worldwide, with several ongoing reviews in Europe for rating a European debt product, constant proportion debt obligations (CPDOs), at a higher-than-merited AAA.   According to the Wall Street Journal , Eric Kolchinsky a former analyst with Moody's Corp. [more...]

Date: 2009-09-28 14:34:15

Kicking Our Addiction to Debt

Barron’s Alan Abelson references Henry Kaufman in this week’s column: As the root of our current woes, Henry unreservedly cited decades of ballooning debt. More specifically, since 2000, he noted, nonfinancial debt outpaced the growth in nominal GDP by nearly $8 trillion, or more than double the gap [more...]

Date: 2008-12-06 12:09:03

New Congress Looks To Add Mortgage Debt To Bankruptcies - BIG MISTAKE

Congress So we have finally flushed most of the bad debt out of our system in 2008 ... modify other unsettled obligations, such as credit card debt. While the housing market downswing ... problem on the horizon is that Congress is back in session today. Instead of looking at 2009 [more...]

Date: 2009-01-06 14:51:56

Business Debt Management, Relief and Corporate Turnaround

The time to change your business fortunes is now, read this to find out how! Usually, most of my clients come to me after having struggled with business debt management for a long time, far too long.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment - September 24th, 2009Military Payday Loan - See How Easily You Can Make One - September 24th, 2009Facebook Protects User's Data In Civil Case - [more...]

Date: 2009-09-25 06:01:14

The Fed Seeks Ability To Issue Own Debt

The Fed can't get enough money from the Treasury to fund all their ventures, so what do they do? Simple, they request the authority to issue their own debt. If Congress approves this measure ... . One of the great mysteries of our debt-fueled financial system in general and central banking [more...]

Date: 2008-12-10 20:40:49

When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

Debt Settlement Help ? Calm Down and Take Stock

If you are like most Americans, then you are in some form of financial debt, more likely than not to be in credit card debt The problem has been around for ages, and debt settlement help has always been a popular topic [more...]

Date: 2009-09-29 03:26:34

Debt management may be regulated

The government is launching a consultation about the future of debt management companies, which are currently largely unregulated. The companies negotiate on behalf of people who are having debt problems. They talk to their clients' various creditor ... [more...]

Date: 2009-09-18 05:53:05

LCR's coffers are depleted

The Washington Blade reports that the Log Cabin Republicans are facing money woes, due to the economic downturn and slow fundraising ... difficulties and ended the year at least $100,000 in debt, according to Patrick Sammon, the organization's ... $100,000 in debt or "maybe a little more," adding that the figure is made up of consolidated debt [more...]

Date: 2009-01-10 08:56:10

Should You Hire a Debt Negotiation Service?

In times of financial crises, the looming problem of debt becomes much clearer In the United States of America especially, credit card debt is the primary type of debt experienced by citizens [more...]

Date: 2009-09-23 02:27:11

How Tax Debt Relief Companies Can Help You Or Your Business

Author : Vlavladi Vishnu It is important to note, first, that most people are capable of working out thier own tax debt solutions with the IRS No firm, company, or representative is capable of getting a better deal for you from the IRS than you can for yourswelf Any claims to this affect should be thought of as untruths, and the person claiming thse untruths should not be handling your sensitive tax matters The IRS is a goevrnment entity which treats everyone exaclty the same under the laws [more...]

Date: 2009-09-25 05:06:03

Obama Wants America Out of Debt - Legally Erase 50% of Your CC Balance!

Too many people in the USA are drowning in credit card debt.The average American family has approximately $10,000 worth of debt and if they fail to keep up their minimum payments they can end up paying of this debt for the rest of their lives with an additional $40,000 worth of interest racked up.Fact: Credit-cards ... [more...]

Date: 2009-09-23 19:14:53

Sensible Debt Collection

This post has been republished from the SitePoint Tribune #427 ... Now, your further action could be sending it to a debt collector, asking your lawyer to become involved ... now either receive your money, or you won’t. The beauty about using a debt collector or tribunal [more...]

Date: 2008-12-21 23:14:08

Debt Settlement negotiation tips How to get out of debt effectively

When you get to the point where you cannot even afford your minimum payment to cover all your debts you may think about bankruptcy however this is the wrong move Bankruptcy protection will only give you short term relief and destroy your credit meanwhile you .. [more...]

Date: 2009-09-18 11:06:06

New From the GAO

New GAO Reports, Correspondence and Testimony (PDFs) Source: Government Accountability Office 29 September 2009 + Reports 1. Debt Management: Treasury Inflation Protected Securities Should Play a Heightened Role in Addressing Debt Management Challenges 2. Combating Terrorism: U.S. Agencies Report Progress Countering Terrorism and Its Financing in Saudi Arabia, but Continued Focus on Counter Terrorism Financing Efforts Needed – + Correspondence 1. [more...]

Date: 2009-09-29 22:33:44

Individual Voluntary Arrangements And The Entailments

by Edward Woodwards If you ever encounter a serious financial crisis in your life like, you are under heavy amount of debt, normally 15,000 USD or more, the best thing to do would be opting for an IVA (Individual Voluntary Arrangement); it will help you lead to a debt-free life again. IVAs are commonly known to be better substitutes to bankruptcy because they do not have most of the drawbacks a bankruptcy would put you through; losing Assets in a bankruptcy would be the biggest example. [more...]

Date: 2009-09-29 09:38:33

How To Take The Challenge of Credit Card Debt

Filing for bankruptcy is one thing that you should rightly dread in your financial course. This process will crush your credit status with many financial institutions such as the banks and it is in fact an embarrassing process that any one would not want to go through. One thing here is that thee are always some more feasible approaches to debt consolidation that can see you through your financial storms. [more...]

Date: 2009-09-20 00:23:30

Learning to Deal with Credit Card Debts

Filing for bankruptcy is one thing that you should rightly dread in your financial course. This process will crush your credit status with many financial institutions such as the banks and it is in fact an embarrassing process that any one would not want to go through. One thing here is that thee are always some more feasible approaches to debt consolidation that can see you through your financial storms. [more...]

Date: 2009-09-20 00:26:44

Debt Consolidation Mortgage Refinance - Pros And Cons

Amazon.de Widgets Many people are in need of a strategy for paying back their loans. Some people just need a point in the right direction in order to get on the right track. Sure, if we had piles of money lying around our living rooms, paying off our debts wouldn’t be an issue. Since that is not the case, unfortunately, we must weigh all of our available options in order to find the one that best caters to your financial needs. [more...]

Date: 2009-09-23 18:25:44

Did collection calls contribute to Floridian's death?

Filed under: Credit , Debt Florida law firm Morgan and Morgan filed a first-of-its-kind lawsuit alleging that a company's collection calls were so frequent and harassing that they contributed to a person's death because they increased Stanley McLeod's blood pressure and stress levels. McLeod's debt problems stemmed from the fact that he had difficulty paying his mortgage because he had to quit his job at Sears after suffering a massive heart attack. [more...]

Date: 2009-09-17 19:00:00

How to Get Credit Card Debt Collectors to Focus Their Energy Elsewhere

Most of those people who cannot afford to pay their monthly minimum credit card payment become potential victims of the consumer debt collection industry. However, a growing number of consumers have found a law to protect themselves against credit card debt collectors. [more...]

Date: 2009-09-26 12:39:41

The Debt Bomb and You

Lots of folks these days are concerned about the ever growing national debt and our ability (or lack thereof) to pay it. For those of you out there that are actually concerned (I guess that excludes any liberals that might frequent JBM) this article ought to scare the living shit out of you.Assume you had put much of your savings into U.S. government bonds and then you learned the following. [more...]

Date: 2009-09-29 01:47:50

Government debt — who will pay?

“The ‘incidence’ of taxation refers to who pays the ultimate burden of a tax. The optimal theoretical resolution is government budget surpluses that reduce the debt. But that is the least probable scenario. Total government spending in the USA has reached an astonishing sixty percent of national income. Most of the American economy’s output is now allocated by government rather than the desires of individuals. [more...]

Date: 2009-09-24 04:57:10

3 Key Areas To Examine When Hiring A Debt Collection Agency

September 16, 2009 | By David P. Montana In Finance | To operate a organization effectively, every owner has to stay on top of their receivables and monitor their cash flow. Whether you market a product or give a service, you probably have to deal with late-paying or none-paying customers from time to time. That means that you have to have a sound, uniform internal debt recovery policy in place. [more...]

Date: 2009-09-16 16:40:13

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 7 Nov08 Bankruptcy & Insolvency

Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Beware of grandiose claims when dealing with a loan modification firm. You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. [more...]

Date: 2009-09-29 17:30:06

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