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467K jobs cut in June; jobless rate at 9.5 percent |
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Jul 02, 2009 - 7:18 AM - by DownNotOut
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July 2, 2009
WASHINGTON – Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy's road to recovery will be bumpy.
The Labor Department report, released Thursday, showed that even as the recession flashes signs of easing, companies likely will want to keep a lid on costs and be wary of... [Read More]
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6 Replies | 89 Views
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Debt Relief USA Files for Chapter 11 Bankruptcy |
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Jun 29, 2009 - 12:47 PM - by HHM
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Debt Relief USA of Addison, TX has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The agency claims that it owes $4.6 Million to 7,000 consumers.
It is interesting to note that Debt Relief USA's own bankruptcy filings state that it received and disbursed client finds. Using about 300 pages of filed customer lists, we were able to determine that the agency has done business in AZ, CA, NE, RI,... [Read More]
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2 Replies | 104 Views
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Sponsor |
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Mar 14, 2009 - 6:34 AM - by laz
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0 Replies | 213 Views
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Madoff Sentenced to 150 Years in Prison |
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Jun 29, 2009 - 9:11 AM - by JRScott
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June 29, 2009
Historic swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a symbolic message to potential imitators and to victims who demanded harsh punishment.
Scattered applause and whoops broke out in the crowded Manhattan courtroom after U.S. District Judge Denny Chin issued the maximum sentence to the 71-year-old defendant, who said he lives "in a tormented state now, knowing... [Read More]
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7 Replies | 124 Views
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Chase to raise minimum due to 5% in August |
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Jun 26, 2009 - 10:17 PM - by trueblues
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June 25, 2009
Thousands of Chase credit card customers have gotten some bad news this month. The bank has informed them that the minimum monthly payment on their accounts is being raised from two percent of the balance to five percent.
That might not sound like a huge increase, but for many who are carrying large balances and are tightly budgeted, it’s a severe and unexpected blow. Kay, of Pottsville, Pennsylvania, said she contacted Chase and was told the... [Read More]
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29 Replies | 1,129 Views
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 Debt Relief USA in Addison files for bankruptcy |
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Jun 25, 2009 - 3:25 PM - by StartingOver08
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June 23, 2009
Debt Relief USA Inc., an Addison debt settlement company, has filed for Chapter 11 bankruptcy protection and has ceased operations.
In its court filing, the company listed $4.65 million in assets and $5 million in liabilities.
"Debt Relief USA anticipates sending written instructions to its customers, most former customers, creditors and known potential creditors with instructions on any steps you need to take to protect your... [Read More]
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0 Replies | 145 Views
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U.S. needs more bankruptcy judges: judicial group |
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Jun 20, 2009 - 8:29 AM - by car67
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June 16, 2009
A judicial body is urging Congress to authorize new bankruptcy judgeships to cope with a surge in bankruptcy filings that has tracked weakness in the U.S. economy.
Barbara Lynn, chair of the bankruptcy committee of the Judicial Conference of the United States, recommended at a congressional hearing that Congress authorize 13 new permanent bankruptcy judgeships and make 22 temporary bankruptcy judgeships permanent.
The conference, which... [Read More]
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8 Replies | 315 Views
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White House Say No to CA Budget Help |
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Jun 16, 2009 - 6:02 PM - by LuciluS
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Jun 16, 2009
The White House on Tuesday dashed hopes that the federal government would help California overcome a mammoth budget crisis that has brought the state dangerously close to an economic meltdown, saying the state will have to solve the problem on its own.
"It's obviously not an easy time for the state of California," White House spokesman Robert Gibbs told a briefing when asked if the administration would provide emergency financing for the state.
... [Read More]
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11 Replies | 315 Views
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U.S. Trustee objects to Charter bankruptcy plan |
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Jun 16, 2009 - 4:21 AM - by car67
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June 15, 2009
The U.S. Trustee, which oversees bankruptcy cases in New York, has filed an objection to Charter Communications Inc's (CHTRQ.PK) "prepackaged" reorganization plan, saying it improperly releases the company's officers, including Paul Allen, from being sued over the company's collapse.
Diana Adams, U.S. Trustee for the New York region, said in court papers filed June 12 that the cable operator's reorganization plan should not be approved with... [Read More]
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9 Replies | 252 Views
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Extended Stay Chain Files for Bankruptcy, Hit by Debt |
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Jun 16, 2009 - 4:16 AM - by car67
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June 15, 2009
Extended Stay Hotels, the operator of mid-priced hotels acquired at the peak of the commercial real estate market for $8 billion, filed for bankruptcy protection as the recession cut corporate and leisure travel.
The Spartanburg, South Carolina-based chain, with more than 680 properties in 44 states, collapsed two years after Lightstone Group LLC bought the company with $7.4 billion in financing. The company said it had $7.1 billion in assets and... [Read More]
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1 Reply | 145 Views
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Family of Four Found Dead in Florida Home |
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Jun 15, 2009 - 4:01 PM - by JRScott
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June 15, 2009
Two elementary school aged children and their parents were found dead in a gated community outside Orlando in what authorities believe was a murder suicide.
Police believe the triple murder and suicide may have taken place several days earlier, but the bodies were found Monday.
Seminole County Sheriff's Office spokesman Capt. Dennis Lemma says a cleaning woman called authorities after she arrived at the home Monday in the suburb of... [Read More]
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8 Replies | 447 Views
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