test_your_bankruptcy_knowle...
Monday, January 31, 2011
MYTH: If you have been SUED by a creditor, it is too LATE to file for Bankruptcy.
10:08 PM
MrDebtBuster
MYTH: If you have been sued by a creditor it is too LATE to file for Bankruptcy.
TRUTH... Watch our video for the TRUTH about BANKRUPTCY...
Visit our YOUTUBE channel as we BUST more Bankruptcy Myths!...
Friday, January 28, 2011
Unemployment Rates Impact Number of Foreclosures
11:38 AM
MrDebtBuster
It's Friday... The topic of the day is foreclosure. We found a great article featured in USA Today yesterday. The article talks about foreclosures and how various metropolitan areas have been impacted.
The pace of foreclosure filings slowed last year in the nation's hardest-hit housing markets but picked up in other U.S. metropolitan areas.
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High unemployment drove up foreclosures in 72% of 206 leading metropolitan areas last year, including many not hit as hard by the initial foreclosure waves that pounded cities in Nevada, California and Florida, market researcher RealtyTrac reports today.
Las Vegas posted the nation's highest metropolitan foreclosure rate, with one of nine...
Tuesday, January 25, 2011
States Allowed to File Bankruptcy, Could be a Reality Soon
10:20 PM
MrDebtBuster
Yes, you read that headline correctly the first time. According to a report by Reuters, legislation is expected to be introduced to Congress within the next month - that would allowed U.S. States to file bankruptcy. Newt Gingrich, the former speaker of the House of Representative broke his silence to Reuters on Friday, January 21, 2011.
According to Gingrich there is support both in the House and Senate, and lawmakers have been examining this possibility for almost three or months. It is expected that the proposed legislation will face some resistence with Democrats still in control of the Senate and White House. According to the Retuters report,
Because states are sovereign, they cannot declare bankruptcy as cities can, and most have provisions in their constitutions that make...
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Orange County Choppers - Bankruptcy Rumors!
10:05 PM
MrDebtBuster
According to a report published January 25, 2011 by USA Today...
A flurry of rumors flew around the Web today that the TV-famous Orange County Choppers was bankrupt.
Paul Teutel Sr.'s bike works has a long history of legal melodrama, including the nasty lawsuit between colorful Paul Sr. and Jr., as Junior went his own way. But the current posts making the rounds refer to a foreclosure lawsuit actually filed in November (according to a report here in OCC's hometown Newburgh, N.Y., newspaper here) by GE Capital, the lender for OCC's headquarters building.
According to the report, the bike works, like lots of homes, is underwater on its two mortgages. It missed payments in July, which OCC's lawyer told the Times-Herald Record was a ploy to get GE to renegotiate the $12.5 million in loans on...
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Orange County Choppers Bankruptcy Rumors
Wednesday, January 12, 2011
How did they lose ALL of that money ??
7:44 PM
MrDebtBuster
OK, you've got me! You have read the long list of famous celebrities who filed bankruptcy, and I know you are asking yourself, seriously how did they spend all of that money ? The answer is too quickly!
All kidding aside, bankruptcy can happen to anyone - it does not discriminate based upon beauty, job title or how good of a person you are in, in fact you can have a perfect financial plan and circumstances can change in an instant, leaving you facing bankruptcy.
Today, we are going to focus on a celebrity bankruptcy case that made headlines around the world and in the rap community - the bankruptcy case of Marion Knight, Jr better known as Suge Knight, former CEO of Death Row Records.
Suge Knight, co-founder and former CEO of Death Row Records, made his name...
Sunday, January 9, 2011
Bankruptcy DOES NOT Make You a Failure!
8:59 PM
MrDebtBuster
It's a common emotion for people to feel down when they have problems with debt. You are not alone. Harassing Phone Calls from creditors, family problems, piles of bills - there is light at the end of the tunnel.
Foster Law Offices provides bankruptcy services to Northwestern PA and can help you learn the difference between debt consolidation, Chapter 7 Bankruptcy, Chapter 11 Bankruptcy and Chapter 13 Bankruptcy.
Back to the " you are not alone"... some of the richest, most successful and beautiful people in the world have filed bankruptcy - and I bet you had no idea. Their legacy was based upon their achievements and their talents, not a...
