Monthly Archives: March 2012

Use the Bankruptcy Automatic Stay to Stop Foreclosure

Ever since the real estate market meltdown in 2008, many Americans have been facing foreclosure with no remedies. Prior to 2008, lenders were loaning money based on stated income for houses that individuals could not afford. It was no surprise … Continue reading

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Greece Avoids Bankruptcy Filing With Biggest Debt Write-Down in History

Today, the Prime Minister of Greece, Lucas Papdemos announced that the country’s creditors had agreed to take pennies on the euro by writing down the debt. By doing this, Greece can avoid filing bankruptcy and get a second bail out … Continue reading

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How to Get a Quick Education about Bankruptcy

Over the last four years, many Americans have been faced with some kind of financial distress. The lucky ones are finding themselves with the lack of overtime that they got in the past. Living on a smaller amount has become … Continue reading

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Become Debt Free in Six Months

Lately, there has been a rejuvenated interest in becoming debt-free. People are just getting sick and tired of turning on the television and seeing our government spending the country into oblivion. When the baby boomers were raised, they were taught … Continue reading

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Stockton Bankruptcy Filing on Hold as Sides Prepare for Mediation

With the city of Stockton, California preparing for mediation to avoid a bankruptcy filing, the media and the public have been throwing blows back and forth over the municipality. This city will now have to sit down and have mediations … Continue reading

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American Airlines Lost $234 Million in January While in the Process of Filing Bankruptcy

American Airlines, who is in the process of filing bankruptcy under Chapter 11 announced that it lost $234 million in January. Included in this loss was restructuring expenses of $155 million and $15 million to pay for financial advisors and … Continue reading

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