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?
READ ENTIRE POST..
and,
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 [...]
READ ENTIRE POST..
and,
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 [...]
READ ENTIRE POST..
and,
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 [...]
READ ENTIRE POST..
and,
09 Feb 2011 01:44 pm
Japan increased its public debt by 1.1% further escalating its total public debt of Y919.151 trillion at the end of last year, equivalent to 194% of Japan’s nominal gross domestic product for the fiscal year ended March 2010.
Both Europe and the USA are also facing record braking deficits raising serious concerns about the strength of [...]
READ ENTIRE POST..
and,
01 Feb 2011 02:42 pm
The idea of giving states the option to file for Bankruptcy in order to escape ballooning deficits has been raised publicly by Republican former House speaker Newt Gingrich and other conservative thinkers who see it as a way to allow states to escape crushing debt with little damage to taxpayers.
Currently, cities, companies and individuals are [...]
READ ENTIRE POST..
and,
22 Jan 2011 02:13 pm
The U.S treasury is implementing maneuvers aimed at preventing it from hitting the legal debt
limit which is eminent. These actions are only a small step in freeing up new borrowing capacity, which do little to remedy the record high deficit by the USA and also major economic markets such as Japan and in Europe.
About William [...]
READ ENTIRE POST..
and,
Thank you.
