Posts Tagged ‘bankruptcy’

State of the Market: Homeless People – Who, Why and What?

November 14th, 2011

Homeless people have miserable living conditions.

The number of homeless people in America is on the rise. It’s something we all need to guard against because it’s an undesirable situation to say the least, and it’s affecting a demographic range that is well outside the norm of “the impoverished.” There are few things that will test your resourcefulness more than being without proper housing, so don’t let this happen to you. I know how challenging it can be from my own experience.

Who and Why?

Thirty years ago we used to see bums, vagrants, drifters, and the mentally and emotionally unsound making up the overwhelming majority of the homeless in this country. » Read more: State of the Market: Homeless People – Who, Why and What?

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Posted in Finances and insurance, State of the market

Tags: bankruptcy Clair Schwan Finances Frugal Living Freedom Homeless people personal finances recesioin Self Reliance Works Sensible Small Business Ideas Unemployment

Finances: Unemployed with Credit Card Debt: Is Bankruptcy an Option?

May 1st, 2011

By Jesse Smith

Economic challenges in the U.S. initially resulting in the Federal Reserve bailing out major corporations and later using Quantitative Easing has caused high inflation. On top of this, the high rate of unemployment, now at 8.8%, has caused sweeping debt all over the country.

In the latest U.S. employment report, although positive–with a fall from an unemployment rate 9.8%–only 216,000 jobs related to the non-farming sector of the economy have been created since March of last year.

Debt has afflicted everyone, from the federal government to the state governments, from the corporations to the average person.

Due to the loss of earning power from job layoffs and the loss of buying power from inflation, many consumers have been hard-pressed to manage their bills, with the result that many are relying on credit cards to remain solvent.

This temporary fix of relying on credit cards has gotten increasingly expensive and it’s estimated that the average credit card debt is now around $15,000.

Is Bankruptcy a Solution? » Read more: Finances: Unemployed with Credit Card Debt: Is Bankruptcy an Option?

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Posted in Finances and insurance

Tags: bankruptcy bankruptcy court credit card debt credit counseling class creedit counseling debt district bankruptcy court Finances financial management class Jesse Smith Unemployment

Finances: The Effects of Declaring Bankruptcy

December 29th, 2010

By Lance Williams

What options are available to you when you can no longer pay your bills? What if you absolutely have nothing left to sell, no valuables left to pawn, not a cent to your name? If any of these scenarios sound familiar to you, then it may be time for you to seek out a reliable bankruptcy attorney. If you don’t know where to get one, go onto Google.com and type in Las Vegas bankruptcy attorney, if you are in Las Vegas, it’s as simple as that. But this decision is one that should not be taken lightly, but for those facing a certain set of circumstances, it offers distinct benefits. In order for you to know what you are getting yourself into when declaring bankruptcy, a few of the major effects are listed below.

One of the most obvious affects of declaring bankruptcy is the opportunity of starting with a clean financial slate. Your debts are essentially wiped out; giving you the opportunity to start over financially. You must keep in mind, however, that your declaration may be on your record for a number of years. If you file Chapter 7 or Chapter 10 bankruptcy the declaration will show up on your credit reports for up to 10 years. These declarations on your consumer credit report may make it difficult to apply for credit » Read more: Finances: The Effects of Declaring Bankruptcy