From Walletpop.com:
Job losses and the disastrous housing market continue to drive more and more people into bankruptcy court.
The article mentions that more than 6000 people are filing bankruptcy a day! Wow!
Read it all here:
http://www.walletpop.com/blog/2009/06/04/
& this is the USAToday article it cites:
http://www.usatoday.com/money/economy/2009-06-03-bankruptcy-filings-unemployment_N.htm?loc=interstitialskip
Is Chapter 13 really a solution, or is it just delaying the inevitable?
Here is a unique study from “University of Iowa law professor and bankruptcy researcher Katie Porter”
More than 70 percent of homeowners who filed Chapter 13 bankruptcy in Porter’s study live in unaffordable homes, which means that even if they stave off foreclosure for [...]
Welcome To The 36th Bankruptcy & Debt Carnival!
May 11th 2009
*Posts presented according to subject*
Credit Cards
David presents Why low interest credit cards are not always the best option posted at Credit Card Offers IQ, saying, “Low interest credit cards seem like the best deal possible. But that’s not always so. This article describes when a higher [...]
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Also tagged bankruptcy, bankruptcy filing united states, bankruptcy legal, bankruptcy rules chapter 13, carnival, chapter 7 bankruptcy filings, debt, debtor information, filing for bankruptcy chapter 7, foreclosure, help, how to file personal bankruptcy, information about bankruptcy
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Banks are apparently attempting to stem the wave of foreclosures that is sweeping over the US..
This article give more on the foreclosure phenomenon that is sweeping the country (continues yesterdays’ topic).
Read this:
http://www.ajc.com/metro/content/metro/stories/2009/04/19/foreclose_atlanta.html
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Also tagged bankruptcy chapter information, bankruptcy counseling, bankruptcy exempt, bankruptcy filing fee, bankruptcy information from, chapter 7 bankruptcy timeline, creditors, foreclosure, foreclosure law, how to file bankruptcy, how to file chapter 7
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What happens when people “walk away” from their mortgages?
This is a big issue these days considering how many people have been doing just that…
Read the answer to this question here…it’s in SF Gate:
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/04/18/REBC16QC9C.DTL
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Also tagged after filing personal bankruptcy, after personal bankruptcy, bankruptcy report, bankruptcy website, chapter 13 bankruptcy, chapter 7 analysis, chapter 7 homework, foreclosure, foreclosure & bankruptcy, how to file for chapter 7, mortgage, national, personal bankruptcy chapter 7, to file personal bankruptcy, walk away
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