Category Archives: The Economy

Bankruptcy Is Not A Four Letter Word

Yes, bankruptcy is a ten letter word!  I use “four letter word” since most people believe a four letter word is bad.  It is important for people to know that bankruptcy does not mean they are a bad person.  In my experience, people do not call me after they “max” out credit cards and become […]

The Mortgage Lender Implode-O-Meter

As millions of Americans are losing their homes, often unjustly because they were enticed into programs that have harmed them, at least one Website is gleefully tallying the number of these outrageous lenders that have run into trouble themselves.
The Mortgage Lender Implode-O-Meter has become so recognized that, according to The New York Times, at the […]

Barack Obama Proposes Bankruptcy Reforms

According to the Associated Press and Fox News, Democratic presidential candidate Barack Obama has proposed changing bankruptcy laws to fast-track the process for military families, help seniors keep their homes, and protect people recovering from natural disasters. In doing so, Obama also accused Republican rival John McCain of repeatedly siding with the banking industry, […]

Avoid Foreclosure Scams

The United States Trustee’s office warns you about bankruptcy foreclosure scams.  These are serious matters that can get you in more trouble than the financial trouble of which you were trying to escape in the first place.
If your home is posted for foreclosure in Texas you have very little time to act.  The longer you […]

Is America Going Bankrupt?

At least the British newspaper The Telegraph thinks it has uncovered evidence to this effect. In a report the paper states America is going bankrupt:
The United States is heading for bankruptcy, according to an extraordinary paper published by one of the key members of the country’s central bank.
A ballooning budget deficit and a pensions […]