Recent Articles

American Consumers Crushed By Household Debt

April 15, 2008 02:11

According to a recent article in Businessweek by Michael Mandel, household debt in the U.S., and around the world, has exploded in the last seven years to almost 14 trillion dollars; yes, that's trillion with a "t". By comparison, had household debt continued its pace of the 90's, the total would...

American Consumers Crushed By Household Debt

April 15, 2008 02:11

According to a recent article in Businessweek by Michael Mandel, household debt in the U.S., and around the world, has exploded in the last seven years to almost 14 trillion dollars; yes, that's trillion with a "t". By comparison, had household debt continued its pace of the 90's, the...

Can I Keep My Home If I File Chapter 7 Bankruptcy In Alabama?

March 21, 2008 06:12

Most people do not loose their home or car when they file bankruptcy. Many people considering the bankruptcy option are under the false impression that if they file bankruptcy, they will loose their home and car. This is not necessarily true. In most bankruptcy cases, even in Alabama, debtors have...

Can I Keep My Home If I File Chapter 7 Bankruptcy In Alabama?

March 21, 2008 06:12

Most people do not loose their home or car when they file bankruptcy. Many people considering the bankruptcy option are under the false impression that if they file bankruptcy, they will loose their home and car. This is not necessarily true. In most bankruptcy cases, even in Alabama, debtors have...

Foreclosures and Voodoo Accounting Put Banks at Risk

March 19, 2008 04:42

In the March 24, 2008 issues of BusinessWeek, Mara Der Hovanesian has an excellent article revealing the precarious position many banks and lenders have put themselves in by hawking exotic mortgage products, such as option-arms to consumers and homeowners. Hovanesian details the shady accounting...

Foreclosures and Voodoo Accounting Put Banks at Risk

March 19, 2008 04:42

In the March 24, 2008 issues of BusinessWeek, Mara Der Hovanesian has an excellent article revealing the precarious position many banks and lenders have put themselves in by hawking exotic mortgage products, such as option-arms to consumers and homeowners. Hovanesian details the shady accounting...

Chapter 13 Debtor's Court in Alabama - An Introduction

March 18, 2008 03:19

Chapter 13 Debtor's Court is often of good option for consumer debtors who have fallen behind on their debt payments, but who do not want to or not eligible for Chapter 7 Bankruptcy. Types of debts that can be included in Chapter 13 Debtor's Court include: mortgage arrearage, auto payments, credit...

Chapter 13 Debtor's Court in Alabama - An Introduction

March 18, 2008 03:19

Chapter 13 Debtor's Court is often of good option for consumer debtors who have fallen behind on their debt payments, but who do not want to or not eligible for Chapter 7 Bankruptcy. Types of debts that can be included in Chapter 13 Debtor's Court include: mortgage arrearage, auto payments, credit...

Sub-prime Foreclosures and Credit Crisis bring down Wall Street's Bear Stearns

March 18, 2008 02:22

The fallout from the sub-prime mortgage debacle, which has lead to rampant foreclosures in Alabama and througout the U.S., has taken it's tole on a Wall Street icon, Bear Stearns.  Over the weekend, J.P. Morgan, with help from the Fed, agreed to buyout (save from bankruptcy) one of their...

Sub-prime Foreclosures and Credit Crisis bring down Wall Street's Bear Stearns

March 18, 2008 02:22

The fallout from the sub-prime mortgage debacle, which has lead to rampant foreclosures in Alabama and througout the U.S., has taken it's tole on a Wall Street icon, Bear Stearns.  Over the weekend, J.P. Morgan, with help from the Fed, agreed to buyout (save from bankruptcy) one of their...