fbpx

Tips On Avoiding Subprime Lenders After Bankruptcy

Many debtors are surprised that after their bankruptcy is discharged they find themselves receiving many credit offers.  Credit card companies, car loan lenders and even mortgage finance companies will send post-bankruptcy debtors credit offers hoping to capitalize on their clean financial slate.  But beware; many of these creditors are subprime lenders who prey on people [...]

By |2018-11-13T21:23:56+00:00June 22nd, 2010|After Bankruptcy, Economy, Managing Your Finances, Subprime Mortgages|Comments Off on Tips On Avoiding Subprime Lenders After Bankruptcy

Bankruptcy And Special Needs Families

More families who have special needs children or other disabled dependents are considering bankruptcy.  Because a disability can become financially draining, causing families to rack up hundreds of thousands of dollars in debt, bankruptcy is often a good choice.  Whether the family member is blind, deaf or has some other physical or cognitive disability, special [...]

By |2018-11-16T23:32:57+00:00June 22nd, 2010|Bankruptcy, Economy, Managing Your Finances|Comments Off on Bankruptcy And Special Needs Families

More Credit Card Companies Exploit CARD Act Loopholes

When the Credit Card Accountability Responsibility and Disclosure (CARD) Act was enacted it was designed to put an end to some of the practices used by credit card companies that negatively impacted consumers.  But now that three months has passed since the CARD Act was signed into law, many debtors are still finding themselves exploited [...]

By |2018-11-14T17:44:33+00:00June 21st, 2010|Economy, Managing Your Finances|Comments Off on More Credit Card Companies Exploit CARD Act Loopholes

High Unemployment Expected To Continue Until 2015

The unemployment rate rose to 9.9 percent in April, up from 9.7 in March and many experts expect the unemployment rate to remain high until 2015.  Currently there are 15.3 million unemployed Americans as of April and that's not counting workers who have given up on finding a job.  The unemployment rate is calculated by [...]

By |2018-11-16T23:46:05+00:00June 21st, 2010|Economy, Unemployment - Job Loss|Comments Off on High Unemployment Expected To Continue Until 2015

Will Dallas Loan Program Help Stem The Tide Of Job Losses And Corporate Bankruptcy?

The Dallas City Council has approved a $1 million loan program that is designed to assist small businesses in southern and western Dallas get capital for growth.  The program, which will provide $1 million from the city's public/private partnership fund to the Southern Dallas Development Corporation was approved unanimously with only one dissenting voice.  But [...]

By |2018-11-09T17:18:33+00:00June 17th, 2010|Bankruptcy, Economy, Loans / Mortgages, Unemployment - Job Loss|Comments Off on Will Dallas Loan Program Help Stem The Tide Of Job Losses And Corporate Bankruptcy?

Furniture Factory Warehouse Files Chapter 11 Bankruptcy – Customers Empty Handed

Home furnishings retailer Furniture Factory Warehouse, which operates 12 stores in South Texas, has filed for Chapter 11 Bankruptcy protection due to unfavorable financial conditions and a consistent decline in furniture sales. The retailer has closed all of its stores and distribution facilities pending the bankruptcy court's approval of Furniture Factory Warehouse's "Bankruptcy Going Out [...]

By |2018-11-15T22:42:44+00:00June 16th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy, Lawsuits, Managing Your Finances|Comments Off on Furniture Factory Warehouse Files Chapter 11 Bankruptcy – Customers Empty Handed

General Growth Properties Get Bankruptcy Approval On Final Secured Loan Restructuring

General Growth Properties Inc., which filed the largest bankruptcy in U.S. history, has finished restructuring its $15 billion secured-debt load, clearing yet another obstacle from its path as it attempts to exit Chapter 11 bankruptcy. Bankruptcy Judge Allan Gropper in Manhattan today approved a restructuring agreement on a $95 million loan tied to a Louisiana [...]

By |2018-11-08T17:21:10+00:00June 15th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy|Comments Off on General Growth Properties Get Bankruptcy Approval On Final Secured Loan Restructuring

Texas Rangers Bankruptcy Judge: “This is like one of those baseball movies…”

If you thought the Texas Rangers bankruptcy drama had ended, it seems that it is just getting started.  Most recently bankruptcy judge Michael Lynn quipped that "This is like one of those baseball movies where the players get stranded," after convincing Chase to keep the baseball team's credit card active while they played in Kansas [...]

By |2018-11-16T22:44:04+00:00June 15th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy, Lawsuits|Comments Off on Texas Rangers Bankruptcy Judge: “This is like one of those baseball movies…”

Bankruptcy Bidding War: Major League Baseball Stands Out As The Winner

Bankruptcy Judge Michael Lynn said he had never before seen a fight over who would provide Chapter 11 bankruptcy financing for a bankruptcy company because securing such financing is usually an uphill battle. But this is the exact type of drama that broke out when senior creditors of the Texas Rangers offered to loan the [...]

By |2018-11-16T22:49:19+00:00June 15th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy|Comments Off on Bankruptcy Bidding War: Major League Baseball Stands Out As The Winner

Three Myths About Bankruptcy

Debt is big business.  That's why there are so many people out there invested in getting you indebted and keeping you that way.  One of the ways they do this is by spreading myths about bankruptcy, which is the only legal way to have your debts forgiven. Let's take a look at some of the [...]

By |2018-11-13T23:36:35+00:00June 14th, 2010|After Bankruptcy, Bankruptcy, Economy, Managing Your Finances|Comments Off on Three Myths About Bankruptcy