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Icahn And Beal Bank Fight Bankruptcy Ruling On Trump Casinos

Carl Icahn and Dallas-based Beal Bank have appealed a bankruptcy court ruling that would give ownership of the casinos to Donald Trump, his daughter, Ivanka Trump, and company bondholders. Icahn and the bank claim the bankruptcy court made several mistakes in ruling against them. The Trumps and the bondholders, led by New York-based Avenue Capital [...]

By |2018-11-16T00:03:06-05:00June 14th, 2010|Bankruptcy, Economy, Lawsuits|Comments Off on Icahn And Beal Bank Fight Bankruptcy Ruling On Trump Casinos

Credit Card Act Restrictions May Create New Fees

Amid the new Credit Card Act which limits the credit card issuer's most profitable practices, many credit card companies are looking for new ways to generate additional income.  New credit card fees such as annual fees and new banking fees for checking account customers are just a couple of ideas that banks are implementing to [...]

By |2018-11-16T22:19:38-05:00June 13th, 2010|Credit Counseling, Economy, Managing Your Finances|Comments Off on Credit Card Act Restrictions May Create New Fees

Five Benefits Of Filing Bankruptcy

Debtors who file for bankruptcy immediately enjoy some of the unique benefits offered to them under the law. Benefits of filing bankruptcy: Bankruptcy will stop creditors from calling you, sending you letters and prohibit them from demanding payment from you.  Even if some of your debts are not legally dischargeable under the bankruptcy law, even [...]

By |2018-11-09T16:51:54-05:00June 13th, 2010|Bankruptcy, Debt Collectors, Economy|Comments Off on Five Benefits Of Filing Bankruptcy

Thriving After Bankruptcy

When considering bankruptcy, many debtors only focus on the process; but the most important part of bankruptcy is after the debtor receives their bankruptcy discharge.  It is the time after bankruptcy that the debtor is beginning their fresh financial start.  So how does a debtor thrive after they receive their bankruptcy discharge? Let's take a [...]

By |2018-11-19T20:22:00-05:00June 11th, 2010|After Bankruptcy, Bankruptcy, Economy, Managing Your Finances|Comments Off on Thriving After Bankruptcy

Three Bad Reasons For Delaying Bankruptcy

About 75 percent of the people who file bankruptcy wait until they just don't have any other choice.  They give various reasons for waiting to file bankruptcy; but below are three of the worse excuses for not filing bankruptcy earlier: Guilt. Guilt is never a good reason for delaying a necessary bankruptcy filing.  But many [...]

By |2018-11-16T23:16:59-05:00June 11th, 2010|Bankruptcy, Economy, Managing Your Finances, Repossessions|Comments Off on Three Bad Reasons For Delaying Bankruptcy

Why Dallas-Fort Worth Has The Lowest Average Credit Score In The Nation

According to a survey released by Experian, Dallas-Fort Worth ties with Miami-Fort Lauderdale for having the lowest credit score among the top 20 metro areas in the nation.  Not only that, but Dallas-Fort Worth ranks No. 2 for having the highest average debt per consumer, right behind Settle.  So why is it that Dallas-Fort Worth [...]

By |2018-11-13T23:54:47-05:00June 10th, 2010|Economy|Comments Off on Why Dallas-Fort Worth Has The Lowest Average Credit Score In The Nation

Judge Approves Independent Examiner For Tribune Bankruptcy Case

Bankruptcy judge Kevin Carey, who is presiding over Tribunes' Chapter 11 bankruptcy case, approved an independent examiner to review the 2007 leveraged buyout of the media conglomerate and the potential claims arising from it that might be brought on behalf of the bankruptcy estate. Tribune, which owns the Los Angeles Times, Chicago Tribune, The (Baltimore) [...]

By |2018-12-13T09:23:58-05:00June 8th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy|Comments Off on Judge Approves Independent Examiner For Tribune Bankruptcy Case

Five Signs That You May Be At Credit Card Default Risk

You pay the minimum payment on your credit card.  Paying the minimum payment requirement on your credit card may be a sure sign that you are at credit card default risk especially if you can't afford to pay more than your credit card's minimum payment. You use one credit card to pay the minimum payment [...]

By |2018-11-14T22:46:42-05:00June 8th, 2010|Bankruptcy, Credit and Bankruptcy, Credit Counseling, Economy, Managing Your Finances|Comments Off on Five Signs That You May Be At Credit Card Default Risk

Bankruptcy Court Decision Causes Withdrawal Of General Growth Bidder

Simon Property Group Inc., which for months was involved in a campaign to acquire General Growth which is in Chapter 11 bankruptcy y, recently withdrew its bid due to a bankruptcy court decision that would make the acquisition too expensive. The plan approved by U.S. Bankruptcy Court Judge Allan Gropper in New York would enable [...]

By |2018-11-14T16:42:37-05:00June 7th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Economy|Comments Off on Bankruptcy Court Decision Causes Withdrawal Of General Growth Bidder
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