Are your wages being garnished? If so, you are well aware of the stress that this situation causes. There was obviously not enough income to begin with or you wouldn’t have gotten behind on your payments but now that they are garnishing your wages this is certainly making the situation worse – not better. If...Read More
When making the critical decision to file for personal bankruptcy protection, there is a plethora of information available. In these days of the Internet, iPhones, and information about anything available with the dance of our fingers, it is always possible that we may not pick up on the best, or even accurate information. As with...Read More
Dear Action Line: I filed Chapter 7 bankruptcy as I could not make minimum payments on $15,000 in Capital One Financial credit card debt. The payment was $300 per month until they raised it to $750 per month! This I could not afford, so I filed bankruptcy. It wrote saying it was suing me for...Read More
This is a great article and Friendly Restaurants and ice cream are a New England tradition. I look forward to the bankruptcy helping them more forward. By Michael Bathon Dec. 29 (Bloomberg) — Friendly Ice Cream Corp., the 76- year-old restaurant chain, won court approval to sell the business, allowing it to be retained by...Read More
Are you struggling financially and considering filing personal bankruptcy? Many people struggle greatly with this decision because they are so worried about the ramifications of their choice. However, most people are unaware of the fact that there are several advantages to filing personal bankruptcy that should be taken into consideration as well. Finding Support While...Read More
By Donna Goodison And Jerry Kronenberg Royal Bank of Scotland subsidiary has agreed to pay $52 million to settle charges that it traded more than 700 “presumptively unfair” sub-prime mortgages given to Massachusetts homeowners during the housing boom. The payment will settle allegations that RBS Financial Products Inc., formerly known as Greenwich Capital Financial Products...Read More
The ink was barely dry on the bankruptcy filing of AMR Corp., the parent company of American Airlines, when Chris in Tulsa wondered “why companies can get away with things that individuals can’t.” “If I try to walk away from my debts and my creditors, everything in my life would be (messed) up for a...Read More
By Jon Chesto The Patriot Ledger For the first time in more than a year in Massachusetts, the foreclosure rate headed upward again when compared to the same month in the prior year. The Warren Group reported that lenders and mortgage servicers filed 1,193 initial petitions to foreclose last month, a 5.9-percent increase from the...Read More
Foreclosure on your home is a miserable experience that can ruin your finances, your credit and leave you in the lurch trying to find suitable housing for your family. On top of the stress of trying to keep your home, you must fend off scammers trying to rip you off. These fraudulent companies take advantage...Read More
In these tough economic times, many are faced with the difficult decision of filing for bankruptcy. Chapter 7 bankruptcy is one option that offers relief to those in debt by eliminating unsecured debts, like outstanding credit card bills. This particular type of bankruptcy, known as liquidation, is meant for those individuals, partners, or businesses that...Read More
