Misconceptions about Bankruptcy

Posted by on Aug 16, 2012 in Bankruptcy, News | 0 comments Bankruptcy is a way for an individual to discharge his or her debts.  However, many people have some serious misconceptions about bankruptcy. Many people believe that they will lose everything they own.  The bankruptcy process allows an individual to protect property with exemptions.  Items such as a house, car, personal items, and household items can be protected with exemptions. Some people...
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Better Interest Rates May Not Be Helping All of America’s Middle Class

Posted by on Jun 12, 2012 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments If you have been watching the news lately, you have been bombarded with news stories about the low interest rates available to those looking to buy a house. It feels like interest rates are dropping each week and now would be the prime time for consumers looking to borrow money to do so. However, a surprising new report published by the Federal Reserve shows that these fabulous interest rates are...
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U.S. Families Lose Approximately 40% of their Net Worth During the Recession

Posted by on Jun 12, 2012 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments During the 2007-2009 recession, many companies implemented massive layoffs, small businesses closed, and families were forced to find ways to save their homes. The housing market was crashing and families sought help from loan modification companies, many of which turned out to be nothing more than shell companies looking to scam people out of thousands of dollars. Many families tried to short...
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Orange County Bankruptcies Appear to Decline, Despite California’s High Bankruptcy Rate

Posted by on Jun 5, 2012 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments If you have ever filed for bankruptcy in Orange County, Los Angeles County, or Riverside County, you are familiar with the United States Bankruptcy Court, Central District of California. After all, you had to file your petition there. If you are thinking about filing for bankruptcy, this is the court you will need to file it with. Recent statistics coming out of this court show that bankruptcy...
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California Takes the Lead in Bankruptcy Filings Nationwide

Posted by on Jun 5, 2012 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments It may come as no surprise to many that California leads in bankruptcy filings nationwide, especially because California (particularly Southern California) is known for its high cost of living and pricey real estate. The debt many California residents rack up can be overwhelming, and a recent study shows that California continues to take the lead in bankruptcy filings across the nation. In fact,...
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Factors that Affect Your Credit Score In Your Everyday Lives

Posted by on Jun 4, 2012 in Bankruptcy, Consumer Debt, Debt Collections Defense, News | 0 comments For many people, a credit score is an issue that comes up when purchasing a car, renting an apartment, or getting a loan. It is not an issue people are constantly thinking about throughout the course of their daily lives, despite the fact that what we do in our daily lives ultimately affects our credit score. You need to know what determines your credit score and how this seemingly tiny three...
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