08 Jan 2010 01:12 pm
THE PERILS OF BANKRUPTCY AVOIDANCE
Many people will go to great extremes to avoid filing a bankruptcy, all of which plays into the hands of their creditors and in the long run costs then dearly and fails to resolve their financial problems. Instead of seeking proper legal advice, they go on to the internet seeking legal advice and wind up hiring a debt consolidation company. Thousands of dollars of “blood money” is then “invested” over a course of many months in an attempt to pay down their unsecured creditors. After a time, they realize that they are getting almost no where and that the process will continue for years to come. Why do people do this?
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18 Apr 2012 02:44 pm
Start up Fruugo is nearing Bankruptcy after spending through €40 Million to Generate €100K. Fruugo was one of the most popular Finnish enterprises with support of many top executives of the Finnish business world. When a company that specialized in E-Commerce losses close to €37 million in one year its hard not to assume it [...]
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18 Apr 2012 02:37 pm
In what is the the largest settlement since the U.S. dealt with tobacco companies in the late 1990’s, The U.S. Department of Justice, the Department of Housing & Urban Development and state attorneys generals from 49 states filed a landmark $25 billion agreement with the five largest mortgage service providers in the nation [...]
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10 Feb 2012 01:51 pm
Eastman Kodak Co. the legendary US based photo equipment manufacturer has announced that it, along with its subsidiaries, has filed for Chapter 11 bankruptcy.
According to Kodak Chairman Antonio Perez, Kodak will use the Bankruptcy to focus on their two strongest technologies: printing and deposition technologies.
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13 May 2011 04:51 pm
Wall Street may soon have to finally pay for its folly. Earlier this week, the US Attorneys office of the Department of Justice sued Deutsche Bank for allegedly tricking a government insurance program into backing mortgage loans that were much riskier than they were portrayed. Many of those loans have defaulted causing nearly $400 million
Read [...]
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14 Feb 2011 02:12 pm
Bankruptcy is a legal term to describe the situation when a person or business is unable to pay off its outstanding debts. It is a legal declaration that there is no possible way to pay off the creditors.
Filing for Bankruptcy is a difficult decision for anyone to go through both economically and emotionally. Hiring the [...]
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14 Feb 2011 01:32 pm
What Could You Do with the U.S. Debt of $14 Trillion?
1. Buy 3,824,812,630 Super Bowl XLV tickets.
2. Give $45,068.58 per person in the U.S.
3. Just about the entire annual output of the U.S.
4. The U.S. defense budget for the next 20 years.
5. Buy up 58 million homes.
6. Purchase 400 of the country’s largest companies.
The nation’s [...]
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Thank you.
