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» Free Evaluation |
Welcome to the Bankruptcy Forum!
Bankruptcy was designed to resolve debt and stop foreclosure and lawsuits.
Ask a bankruptcy attorney whether Chapter 7 or 13 bankruptcy could help you.
 FREE BANKRUPTCY EVALUATION FORM
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WSJ - Cries of 'Hey, That's My Jet!' Don't Deter High-End Repo Men |
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Mar 21, 2010 - 6:08 AM - by keepinitreal
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March 20, 2010
Ken Cage is racing through a private aviation terminal near Orlando when his BlackBerry buzzes with bad news. The plane he is about to repossess is scheduled to take off for Mexico in three minutes.
Even worse, the Cessna's owner and pilot is on his way back from lunch—and he is rumored to be six-feet, six-inches tall.
"I'd rather not stick around to find out," Mr. Cage says.
Mr. Cage, 44, stands guard by the... [Read More]
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0 Replies | 55 Views
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BOA #1 in Delinquencies, Charge-offs |
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Mar 20, 2010 - 1:37 AM - by keepinitreal
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March 17, 2010
Monthly credit card data released Monday is a mixed bag for issuers. The data shows fewer consumers are significantly late on their credit card payments but major issuers are still having to write off extremely high percentages of their credit card loans.
Delinquency rates are the number of credit card consumers who are at least 30 days late on paying their bill. Of the six major credit card issuers, only Citibank showed a monthly increase in their... [Read More]
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1 Reply | 112 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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Advanta Bank Liquidated By FDIC |
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Mar 19, 2010 - 1:52 PM - by DeadManCrawling
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March 19, 2010
The Federal Deposit Insurance Corp. (FDIC) approved the payout of the insured deposits of Advanta Bank Corp., Draper, Utah. The bank was closed today by the Utah Department of Financial Institutions, which appointed the FDIC as receiver.
The FDIC was unable to find another financial institution to take over the banking operations of Advanta Bank Corp. As a result, checks to depositors for their insured funds will be mailed on Monday. Brokered... [Read More]
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14 Replies | 205 Views
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Unemployed? There's a Tax Break for That |
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Mar 19, 2010 - 4:48 AM - by keepinitreal
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March 11, 2010
Fewer people are losing their jobs, according to government reports. That’s good. But millions are still out of work and trying to stretch every dollar.
If you’re in this boat, keep in mind some tax breaks for the unemployed. They can boost a refund or reduce a tax bill.
CCH, a tax-information firm based in Riverwoods, Ill., lists a number of the most beneficial.
On your 2009 tax return, you can exclude up to $2,400 in... [Read More]
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0 Replies | 72 Views
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WSJ - 8 Things To Consider Before Walking Away From Your Mortgage |
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Mar 18, 2010 - 5:05 AM - by keepinitreal
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MARCH 16, 2010
Last week I received an email from a desperate couple in Illinois. Here's the edited version of their note:
"My wife and I have been struggling, morally, with what to do. We have two interest-only, adjustable-rate mortgages with two different lenders coming due in May of 2011. I currently can handle paying all my bills–but just barely, with nothing left over for replenishing of the emergency fund, or even my kids' college savings.
... [Read More]
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0 Replies | 121 Views
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NYT - Overdraft Protection: Why Bother? |
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Mar 17, 2010 - 4:57 AM - by keepinitreal
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March 12, 2010
Many millions of people will face important choices about their checking and credit card accounts in the coming months, though this week one of the biggest banks made one of the decisions for them.
Some banks are trying to persuade customers to authorize overdraft protection for debit cards.
Bank of America shocked competitors on Wednesday when it announced it was doing away with overdraft fees for debit card purchases.
Starting this... [Read More]
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2 Replies | 117 Views
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Bad Credit Derails Job Seekers |
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Mar 16, 2010 - 6:12 AM - by keepinitreal
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March 16, 2010
After three rounds of interviews for a sales position with Prudential Insurance Co. of America, Patricia Rosa received a letter in February saying her job application was denied based on information from a background check she authorized the company to conduct. The only blemish on her record, she says: Poor credit that built up since she lost her job two years ago.
Unemployed and in debt, Ms. Rosa is among a growing number of job hunters who find... [Read More]
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2 Replies | 181 Views
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Social Security to start cashing Uncle Sam's IOUs |
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Mar 14, 2010 - 7:10 PM - by BobMango
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March 14, 2010
PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It's time to start cashing them in.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.
Not anymore. This year, for... [Read More]
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3 Replies | 144 Views
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Did Bankrupt Runaway Prius Driver Fake "Unintended Acceleration?" |
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Mar 14, 2010 - 1:00 PM - by keepinitreal
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March 14, 2010
James Sikes, the San Diego runaway Toyota Prius driver, filed for bankruptcy in 2008 and now has over $700,000 in debt. According to one anonymous tipster, we're also told he hasn't been making payments on his Prius. UPDATE!
We received an email earlier today from an anonymous tipster who claims James (Jim) Sikes, the driver of the runaway Toyota Prius, was in financial trouble and even behind by five months on his payments for the Prius. If that's... [Read More]
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12 Replies | 367 Views
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Repo Madness Threatens Consumers |
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Mar 13, 2010 - 11:12 AM - by keepinitreal
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March 11, 2010
Dozens of consumers, repossession agents and bystanders have been killed, injured or traumatized in self-help repossessions done under state laws that allow automobile dealers and lenders to take cars without court action or the involvement of law enforcement.
That is the key finding of a report issued today by the National Consumer Law Center, which compiles and analyzes existing state laws and regulations on automobile repossessions, and catalogues... [Read More]
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0 Replies | 119 Views
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» BKForum Disclaimer |
Our site provides information about bankruptcy law, credit, foreclosures and so on. This information is designed to help users safely cope with their own legal needs.
Legal information is not the same as legal advice.
No advice given on our forums can be considered legal advice. We recommend you consult a lawyer if you want professional assurance that information given to you by other forum members, and your interpretation of it, is appropriate to your particular situation. Everything is strictly informational.
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