I hate my mortgage lender (Litton) they added an escrow to my monthly payments due to back taxes, but here’s the deal…my city tax never sent me a property tax bill and when I went to inquire my mortgage company had paid it off. How the city inform my mortgage company and not me? Anyway, now my mortgage company does not want to remove the escrow even if I pay the back taxes. This is "Cow Dung" believe me I’d like to say something else. What are my options? I’m frankly sick of this company and I’m sick of the house anyway. I have it for sale, but should I get a lawyer or file bankruptcy on the mortgage. That’s something I really don’t want to do. I already have one bankruptcy in the past, but I’m really sick of Litton and their high handed tactics. I pray to God they go bankrupt and get absorbed by another Company, they are really unreasonable. I have faithfully paid my mortgage, but I should not be screwed into paying more for an escrow I don’t need and I will be darned if I’m going to stay in a house I no longer want due to real estate decline in this bad economy.
I love how people like to add their 2 cents beyond the question being asked. Was I irresponsible in my youth? Yes and apparently half of america is financially irresponsible. I learned my lesson and I pay everything with cash. Unfortunately my taxes were a little behind but not delinquent, but I always pay my property taxes. However, my Mortgage may intervene. Whatever, happened recently I was left out of the loop and the city contacted my mortgage company instead of me, even though I was paying on my taxes. And furthermore I do not like my house or the environment so why should I remain in it? Things change. At one time I would have probably stayed or stayed longer. The house has been on the market for about a year and a half. I want nothing else to do with it and I don’t want to really rent it either. Though I’d choose that over foreclosure or bankruptcy.
Thanks lake lover. Although I don’t think its fair for the tax collector not to forward a tax notice. I have always got one in the past. This year I didn’t get a tax notice and when I went to inquire and pay on my bill, it seems like I got screwed.

Technorati Tags: bankruptcy, cow dung, decline, economy, escrow, foreclosure, god, lawyer, litton, mortgage company, mortgage lender, property tax bill, property taxes, real estate

Unfortantely due to divorce and the economy I’m very behind on my utilities and credit cards. I feel helpless. I need to file bankruptcy ASAP. I live in Pennsylvania. Does anyone know of a very cheap attorney? Is it possible to do it by myself? I’m looking for as much information as possible.

Technorati Tags: bankruptcy, credit cards, economy, pennsylvania

Hi every one, hope you all having nice weekend!
I have recently done my credit check for some thing, and i found out how bad my credit score is. I mean when i was teen and few cards were stolen back in 2005, my credit got bad:/ and i didn’t make payments on time. Plus i have one medical bill from 2003 and Fitness center bill.

*So all together my total collection balance on my credit report is ,030.

Which i should pay, and even with bad economy and having less money and more bill, i can try to add this bill to my paycheck too. But i need some help from ya all. If i can get any toll free # to collection dept. Or how do i contact them. I have no record of previous bills or statements. All i have is Credit report from TransUnion.

Any help will be greatly appreciated.

Any website or any help will be great!!

Thank you much in advance.
I did report the cards, that were stolen. They got stolen at Theme park, i was young and frighten cause that never happen to me or someone i knew. The security at the theme park helped looked but nothing. :/ i did called c-card companies the next working day and canceled the cards. There were few purchases made. I paid for couple, i was student at that time, not enough $$ plus i procrastinate too. But now i want to pay it all off to fix my credit.

Technorati Tags: c card, cards, credit check, credit report, credit score, economy, fitness center, medical bill, money, paycheck, theme park

i want to do debt consolidation thru a company but am very wary. with the way the economy is going im am begining to fall alittle behind ect ect

Technorati Tags: begining, debt consolidation, economy

But America’s strong economy has so much money we can shell out 100 BILLION on a Global warming scam to poor countries to help them with the Global warming scam .Which you would have to be a complete Moron to think any of that money will actually go towards Global warming when there government is just as corrupt as the Obama administration! Obama ,Pelosi and Reid are the reason America is going Bankrupt <FACT Putting the blame on Bush is not only wrong it shows how corrupt this administration is !
Elwood You might want to dig up a little more information .The numbers you post are as accurate as Obama stating how he saved jobs .And if Europe’s health care is so good why is it they come to the USA in droves for operations! And the money saved by the Health care scam? You can’t tell me you actually fell for that! As it is stated it alone would bankrupt America. The Dem’s push this as a bill that will take care of all Americans health care . But the Fact is this bill has little to do with health care .Just like the stimuli’s scam that they said if we didn’t get we would lose 5oo million jobs << (Quote from Pelosi Democrat house speaker) she must have been including illegals and unborn babies that have jobs. The stimulus scam was voted in and how many jobs did it create??? SCAM!!!!
ONAN I just didnt Make up 100 billion figure .You must watch Liberal news Chanels that hide the fact Hillary just Pledged 100 BILLION to its cause . So who looks like they are telling the truth now!If you watch Liberal news then you shouldent post a opinion
Thel Typical Liberal You can spin the truth all you want But what I said is FACT and can easily be backed up .This is something liberals can not do which is why they have to resort in trying to blame Bush on toss in a race card .I give facts .You base your answer on fiction then call me brainless . Get a education!

Technorati Tags: bush, democrat, droves, economy, global warming, health care, hillary, house speaker, liberal news, liberals, lt, moron, news chanels, pelosi, poor countries, reason america, stimuli, stimulus, telling the truth, unborn babies

2/24/2010 the economy is as worse as it was when the economy went down/meltdown. Nothing has changed but thousands of people are still being laid off work each months and thousands of jobs/positions are begining cut/terminated. There are no new jobs or jobs created or positions a reason people are still unemployed. The stimulus money only helped business out of bankruptcy which had become bankrupt because they were mismanaged/corrupt. The leftover money from the stimulus were and are given as promotions, wage increase to managers, CEO’s though they did nothing to prevent the company from going bankrupt or help it out of bankruptcy but only the stimilus money did and some people find still the audacity to praise these people though have done nothing. Most data reportng that the govt receives from business/companies are covered up/falsified so False record of money spending and company info occurs,. Stastics are falsified in money spending, hiring practices, employee wages, promotions, embezzelment. As it was when the economy went down, there are only a few jobs available in the job market or the same ones that have existed but for some reason companies have never filled those positions or they just don’t want to fill those postions since mabye they want to make the govt. believe they have new positions available or that they have created jobs. There a thousands of people available who applied for those positons who suprass the requirements for those positions by the way. With companies/jobs they have ways of falsfiying reports at the expense of the community.and half of the info they give to the govt is covered up.Now some jobs have popped up sometimes here and there but might have temporitly come up to fool the govt into believing jobs were created by businesses/compaines who received the stimulus money but make no mistake the leftover money are either given as promotions or taken by corrupt CEO’s, manangers, headchiefs, presidents as you may recall the economy went down because of such people and what makes you believe they have changed since most weren’t penalized. In business its take as much as you can take. So in short there are no jobs that have been created with the stimulus money at all though it was the responsiblitiy of those businesses who brought down the economy and later received the stimulus money. Thousands of people have been hired as spammers for websites or businesses which isn’t a job but are recorded as a job in govt reporting. From personnel experience when a job now in the present is offered or available there a thousands waiting in line for it as thousands of people are unemployed. If you don’t believe go to one of these job interviews. I don’t care what you’re parent./relative working in wallstreet or some economical reporting agency says as most stastitics and reporting are incorrect, onesided and inaccurate as most business stasticsis is covered up and falsififed. Its the reason the economy went down and should indicate that people aren’t there to look out for the community but themselves to reap millions or dollars or even billions for themselves at the expense of others. Congress isn’t concerned as long as they get money from those business into there pockets. To the disagreeing comments below its from people who haven’t been laidoff yet. They or their parents probably beneifit from these businessess/congress or are related to those people in businesses who received the stimulus money so they don’t care but oppose just to oppose because they have nothing good to do. Most of these people who disagree,commenting below don’t know whats going on in the world but live in there own isolated world.5/24/10. What makes the matter worse is the govt is sayign that more jobs are availiable and employment is up so real problems are ignored. The jobs that used before the economy meltdown/downfall to exist seems won’t come back again.
Here is a little something
Don’t think political parties businessmen are out there to help out people. Most humans are greedy, ambitious carless. Only a few humble modest people exist. Whereas you might be okay with a million some people want to make billions or a much as possible at the expense of others. People don’t get into politics to help out others but help out themselves and relatives.

When i say there are no jobs i mean no jobs and yes i’m excluding those few jobs that have popped out sometimes from those stimulus helped companies that have created those few jobst to let the govt. believe they are creating jobs or those few jobs that some companies have barely been able to make available which are rarely available but pop up sometimes when its available.

I don’t care if you disagree but i know you’re incorrect and wrong and know nothing about the economy.5/24/2010.

Technorati Tags: audacity, bankruptcy, begining, business companies, ceo, economy, employee wages, hiring practices, job, leftover money, mabye, mistake, new jobs, positons, presidents, promotions, reason companies, stimulus

I had a small business and in 2005 it failed and i had to go bankrupt on it and my home..everything , i lost it all.. I have since gotten back on my feet (i thought) ..got a good job with the state and even bought a new car since i had to drive so much for my job…Aug 1st of this year the governor cut the budget to my program and i lost my job. now I can’t make it…there are no jobs around here, there’s nothing…when is the earliest I can file for some sort of bankruptcy? I took the total wipe out the last time..this time I’m hoping I can do the one where I can restructure and keep my home, car and possessions. The economy is killing people like me. Please I hope someone out there knows if I can file for restructure sooner than 7 years and keep what I finally got built back up. Thank you
i wanted to add that i am NOT an idiot and really hate to be talked to like i am one. I am getting unemployment for now. I live in a very small town in Southern Ill and there are NO jobs…thanks to our goverment all our jobs are going to china or somewhere bedsides here. I ask my question to get a helpful answer NOT to get told I am lazy and need to find work…hate to wish bad on anyone but I just hope those of you who think I am so lazy goes thru this someday themselves..maybe then you will all be more understanding. I didn’t need made fun of ..i just ask for help in finding the right answer…thanks for nothing.
i really think THIS is partly whats wrong with the country anymore…people are heartless..always ready to put someone farther down than they already are…again thanks for nothing.
You know I am rather sorry I asked a question….I am NOT a deadbeat, I am an AMERICAN…if the economy has not hit you yet then I am happy for you…but in small town America it has it hard…I have worked all My life and will continue to work IF i can find a job.. unlike most of you I guess I just can’t afford to pull up stakes and move to ‘where the jobs are’…btw…according to the news they’d like to know where the jobs are too… I am totally ashamed to even read these answers…I hope each and every one of you who have told me ‘to get a job ‘ and not have a new car..or buy a ‘cheap ‘ house….well my answer to that is ..I bought a house..for ,000…cheap enough??? and i bought a chevy colbalt..cheap enough??? so you big knowlegable people get off your pedistal before you FALL off…your not better than me or any other American who is having problems now…I am a 56 year old woman and i live VERY modest life….so dont JUDGE me …all I wanted was some info on what choices.

Technorati Tags: bankruptcy, budget, china, deadbeat, economy, good job, goverment, home car, jobs, last time, new car, possessions, small business, southern ill, unemployment

I have a credit card that started charging me 30% interest two years ago. (I have good credit and was always on time). I pay them about 0/month for the past two years, haven’t used it, and they say I have 0 available. I have a chunk of $ to offer them to settle this and close out the account. I am not delinquent on the account, but there are a lot of months I am borrowing against my paycheck to pay it. If I couldn’t do that, i’d be delinquent. (Like everyone else, I’m just being squeezed to death by the economy and am feeling the strain).
I’d like to call and offer them 70% of the amount. I feel they’ve gotten the rest of their money and more in interest alone. Would it be possible for me to get anywhere with them at this point?
How do I go about doing it? (If you’re going to give me a lecture, please don’t bother, I’m just looking for some info.)
Thanks.

Technorati Tags: chunk, credit card, economy, info thanks, money, paycheck

I feel bad for people trying to make ends meat to save their home. But some of these Americans put all their toys on credit (boats, spa’s, nice cars, etc..) Taking out mortgages from their home loan, without having the means to pay it back, now they have to file bankruptcy. Is this why there are so many problems with the economy. People living out of their means? I always pay cash, except the house.

Help me understand!!

Technorati Tags: bankruptcy, boats, economy, home loan, mortgages, nice cars, spa, toys

I forgot to mention that me and my fiance have a joint checking account. Is it important to remove her from the account if she’s filing chapter 7?
other factors, she’s unemployed, stays home with our kid. Just happened to have bad luck with this economy. Any suggestions and help would be appreciated. Thanks for your time.

Technorati Tags: bad luck, checking account, economy, fiance, filing chapter 7, joint checking, thanks for your time

Perhaps, there will be less tax payers and consumers in the economy. As a result, consumer spending will decrease and the USA government will be poorer.

Suppose the big three file for bankruptcy. How will that affect the USA economy?

Technorati Tags: bankruptcy, consumer spending, consumers, economy, tax payers, usa government

Ok, I will take the blame for my credit problems. But over the past year I’ve been hospitalized several times and the combination of both credit card bills and hospital bills have accumulated quite a bit of debt. I work a job which is straight commission and because of the bad economy on top of the fact that I recently took a leave of absence from work and am collecting temporary disability I currently have about 50 dollars to my name.
I’m in a serious relationship now and want to straighten thisw mess up but I don’t have any money for a lawyer.
My question is should I file for bankruptcy? How do I file? Should I get a lawyer if I don’t have any money or should i represent myself?

Technorati Tags: absence from work, credit card bills, disability, economy, hospital bills, job, lawyer, leave of absence, money, serious relationship, several times, should i file for bankruptcy, straight commission

seems likes everyone is on some sort of welfare or government program due to the economy.

surely it cant last forever.

Technorati Tags: economy, government program, welfare

Is this the best move? Are there other options?

And I really don’t need the lecture on pay your bills and this won’t happen, cause the economy is tough if i would have for seen this coming I would have prevented it

Technorati Tags: economy

We have mortgage salespeople who aren’t working mortgages due to what’s going on in the economy. We are looking to convert them to unsecured debt consolidation programs, but aren’t looking to do the heavy lifting involved with settling this debt, but rather are looking for some reputable companies who handle all the back end, and are simply in need of fronters like what we have.

Technorati Tags: debt consolidation programs, economy, heavy lifting, mortgages, reputable companies, salespeople, unsecured debt consolidation

America is a country based on debt, your debt the national debt its all the same! You cant control your own silly spending but when politicians do it you feign surprise? You were not surprised when the new highway was paved or when supplies came in after the disaster. You were not surprised when the local bums collected their food stamps and WIC, or even when the SSI wagon came around for all of the illegitimate kids "payments". But now, after all these years, because we’re at the edge of financial collapse you act like the last guy with the pocketbook caused the problem.

Hilarious, mixed with a crap ton of irony I think.

Also, how can someone honestly look you in the eyes and with a straight face tell you health care needs to be passed and needs to be passed now? We pass it, we go bankrupt and guess what? No health care for anyone at all.

Anyone with a rational, logical mind would focus on the economy, get people working again. Then focus on such things such as health care.

If you disagree, please tell me why!
Your health insurance industry adds about .500 dollars to the price of every car made in USA over the cost of a car made in a country with socialized health insurance.

That’s the unions, maybe the 28 dollar an hour auto worker needs a pay cut. Ever think about that O_o

Technorati Tags: auto worker, bums, crap, disaster, economy, financial collapse, food stamps, health care, health insurance, health insurance industry, insurance, irony, logical mind, national debt, pocketbook, politicians, ssi, straight face, unions, wic

http://www.nytimes.com/2010/02/25/business/25obama.html

From the New York Times:

In 2010, federal government spending will be equivalent to 25 percent of overall United States economic output, the highest proportion recorded in American history except for three years during World War II. Likewise, the .8 trillion national debt expected by the end of this year will be the largest compared with the size of the economy since 1948
Great analogy Isaac

Technorati Tags: american history, analogy, economic output, economy, federal government spending, national debt, new york times, proportion, trillion, united states, world war ii

My sister is going to go bankrupted soon and we wanted to buy a house but is that going to effect anything. Is it going to make it easier or harder specially with the economy? How long after going bankrupted will she be able to buy a home? "She will be a first time buyer"

Technorati Tags: economy, first time buyer

The original debt was ,000… Everything I read and know is that companies are usually unwilling to settle a Judgment, but if I file bankruptcy they get nothing. Do you think given the current state of the economy and the pending credit card restrictions that they would be more willing to settle?

Technorati Tags: bankruptcy, credit card, current state, economy, judgment

I have been told that now is the time to do debt settlement if you are currently unemployed and recently widowed. A lawyer has said this is the time to do it while the window of opportunity is open all because of the bad economy situation. What do you think?

Technorati Tags: Debt Settlement, economy, lawyer, window of opportunity

I’m considering filing a chapter 7. how long after i file would i be able to lease a vehicle. Especially dealing with the economy these days.

Technorati Tags: chapter 7, economy

I’m considering filing a chapter 7. how long after i file would i be able to lease a vehicle. Especially dealing with the economy these days.

Technorati Tags: chapter 7, economy

In the fall of last year, I thought the economy might be turning around by now. Now Chrysler is going into bankruptcy and GM is following. This means all the dealerships will suffer and the suppliers etc. etc. We have tent cities going up and more people are losing their homes.

Where will all the "blue collar" workers find other employment opportunities? I know that there is a push for alternative energy and infrastructure rebuilding, but I can’t see that this will be enough.

If we can turn it around, what do you think the economy will be like in 10 years. Where will the manufacturing jobs be?

And not just in 10 years, when do you think the economy will turn around?

Technorati Tags: 10 years, alternative energy, bankruptcy, chrysler, economy, employment opportunities, gm, infrastructure, manufacturing jobs, tent cities

Myself and my husband are both self employed, we have two children -In 2007 we were doing well and decided to purchase a larger home, so we placed our home which we had lived in for 7 years (have a mortgage at a credit union) on the market. A sale was pending so we purchased a larger home contract for deed, as we could not get a mortgage for it until the other sale was final – but there was an adendum to where the then buyers needed to be in by a specific date so we had to be out by the date the sale was scheduled for. The sale fell through due to the "buyers" on the day before the closing was scheduled – so we were left paying for 2 homes… we had to carry both homes then from 9/07 – 01/08 paying excessive interest for the home we moved into as we were unable to get a mortgage on it until we sold the other one… – this drastically cut our savings down to nothing – 1/2008 we had to sell the house contract for deed (the original house we had lived in for 7 years) – or lose it to the bank as we could no longer continue to pay for both – we closed on the sale 1/11/2008 – they buyers have a 3 year balloon to come up with their own mortgage – after the sale is complete – we will have taken a total loss of ,000.00 on that house. So the amount of money which the "cfd buyers" pay to an escrow agent – who then cuts us a check – which we then take the the bank to pay the mortgage on – and then place the remainder into a escrow account for the property taxes and home owners insurance on that home – leaves us with approximately .00 income each month (which we get to pocket – whoopie) but it allows us not to be foreclosed upon – now when the sale is final and they get a mortgage – we will only get ,000.00 (the difference from what they owe to us and what we owe to the bank on that house) 2 years from now.

Now – here is my question – 2008 has been a HORRIBLE year for my family – the economy has made my husbands self employment income to drop nearly 75% – and while mine increased from the previous years, it by no means has increased enough to make up that difference – additionally there were multiple situations that came up during 2008 that drained us – (i.e. child illness, one child with dissabilities, furnace went out, gas leak for 3 days, powerbills skyrocketed, you name it, it probably happened to us this year) now – we are now facing bankruptcy as all of our savings is gone – and everything is backing up it is everything we can do now just to make the house pmt, car pmt and insurance and survive. My husband is a contractor – so winters are usually slow anyway – but due to the economy people just can not afford extras – we’ve always built up savingns during the spring and summer months and set aside for the winter – that was not possible this year. Now we qualify for the EIC which we desperately need. but due to the sale of the house CFD – they (the CFD Buyers) paid just over ,000.00 in interest which then came to us – but we paid just under ,000.00 in interest to the credit union which holds the mortgage. – but in having to claim the ,000.00 interest income – (no matter whether we itemize or take the standard deduction our tax is 0 because we add our self emp tax at the end) the only chance we had of a credit was the EIC and additional child tax credit – and Not being allowed to claim the EIC because of the ,000.00 of interest income (which did NOT benefit us as income, as opposed to the .00 that we did get to keep during the course of the year) eliminates our ability to take the EIC because it’s over the ,000 and some odd dollar Interest income allowement)

Is this right? If so this leaves us owing the IRS more money (which we absolutely do not have) than we will make on the sale of the house in total when it’s complete (not considering the entire thing is at a overall loss anyway) I do not have to file form 6620 or schedule D because it was a loss, but the interest apparently I do have to claim – as income – when it wasn’t…

Is there any LEGAL way to only have to claim the interest income of .00 which we did get to keep – as opposed to the entire amount?

If not – we’re going to end up on the street living in a box eating trash. I’m saddened to think that we’ve worked for so many years for nothing – my husband is 37 years old and I am 30 – both of us have always worked more than full time – and now my husband has not worked more than 40 hours since October – and things were slower in August and September than usual – who knew this was going to happen -(No one can plan for everything to go wrong in 1 year as it did for us) Now what….?

Please help if you know what you are talking about… If you do not know about taxes, EIC, Contract for deed/Installment sale, or are just plain rude because your situation is not nor has ever been grim due to no fault of your own, please keep your comments to yourself. (I only say this because I have read several other answ
**I disagree that I got that 00.00 to spend even if it (doesn’t feel like it) because I did not get to keep and "spend" more than .00 of that money. Out of that 00.00 per our contract we are required to give to the bank that holds the mortgage so that the house is not foreclosed upon since these people are paying the payments – the contract also states that out of that 00.00 we have to set aside so much each month into escrow to pay the property taxes and their home owners insurance (which is in their name). Therefore that was not OUR money to spend…. We simply "worked for them" by obtaining the mortgage, paying the payment for them to remain in the home, pay the property taxes so that there is not a lien placed on the house, and pay their home owners insurance which they were required to obtain -All we should have to list as Income is the .00 that was actually income to us, and not take the credit from the 1098 from the bank holding that mortgage…

Technorati Tags: adendum, amount of money, balloon, cfd, economy, escrow account, escrow agent, excessive interest, home contract, home owners insurance, insurance, own mortgage, property taxes, remainder, self employment income

Many fo you do not realize but some Economist have predicted it could get so bad that we will be queuing for loaf of bread like the Russians used to if the US does not stabilize and manage it’s economy and the Dollar.

We are finish when Foreign nations start demanding there money when China overtakes are economy in about 30 years and ask for there money where don a population predicted to be 370 million queuing for bread.

Technorati Tags: china, economist, economy, fo, loaf of bread, money, population, russians

This was suggested to me buy one of my redneck associates. We go in, the price of oil goes to 0 a barrel we take the oil and save the economy.

Great plan huh?

Technorati Tags: economy, price of oil, redneck

Should the usa go bankrupt and default on all government debts? Would the economy be better off if the usa had {content} in debt?

I think It’s time the creditors(china) took a hit in the wallet, don’t you?

Technorati Tags: china, creditors, economy, government debts, wallet

Today I found out I lost the house I have had a contract on since last April (2009). I was attempting to buy a house in short sale, the house went into foreclosure and so I have been waiting a long time for the banks/FDIC to get it all together so we could close. Well, Obama signed in a new law (July 2nd, 2009) forcing people who have had their homes foreclosed to return to their homes and in turn forcing the banks to refinance. The alternative for these people is to file bankruptcy (which some have already done, and others have found a solution to just barely stay financially afloat). This may sound like a great solution for all the unfortunate families who have recently lost their homes, but in truth it is a disaster. Who is to say these people can afford or even want to move back?
In my case, the house I was attempting to buy was owned by a family who were over their head with a double mortgage. They were forced to foreclose and have since downsized and purchased a new home. Now with the new law they will be forced to return to their previous home or face bankruptcy. They will have to find a way to sell their current home, which of course is very difficult in today’s economy. The previous owners do not want to return, they can’t afford the move, nor the wait to sell their current home, which they probably won’t even be able to sell in today’s economy.
As for me. I am losing close to ,500 in money spent on contracts etc. I of course have no rights and will not be able to recoup my losses.
Thousands of foreclosed homeowners are dealing with similar situations. For some this may be a blessing if they are still searching for a new living situation. Of course this doesn’t teach any lessons other than to live beyond your means and don’t worry about the consequences because the government will bail you out. Be financially responsible and get screwed. For others they are facing difficult decisions deciding what to do with their new lives and the homes they are being forced to return to. Then for all the buyers, who have been in contract to buy these foreclosed homes and begin to repair the hole in the housing industry. Well they are all SOL and out a lot of money, like me. Believe me, with my meager salary that is cut in half by taxes, ,500 is SUBSTANTIAL!!!
So I ask you, where are our freedoms going and why do we just let the government take them? How does this stimulate an economy? All I can foresee is a rise in bankruptcy and a lot of people losing money.
Of course there are tons of other issues we can discuss that provide similar examples our diminishing freedoms, and the socialization of our country. Such as, when 80% of the general population is happy with the health care system yet government chooses to change it, control it, and force their plan down our throats.
How can anyone be happy with Obama?

Technorati Tags: bankruptcy, banks, consequences, contracts, difficult decisions, disaster, economy, fdic, foreclosure, great solution, long time, losses, money spent on, mortgage, truth, worry

I worked at a restaurant and he would always intimidate his employees telling us that he could fire us in a mere second because of how the economy was, he could hire anyone really quick. He laid me off with no reason other than saying "Business" wasn’t going well. Now I have no money and the bills need to get paid help?! Should I go bankrupt with the debt I owe?

Technorati Tags: economy, money

I just got off the phone with a good friend of mine, he was repeatedly asking me the question "should i file bankruptcy"?

He and his wife owe about 0K in credit cards. The both of them originally held great well-paying jobs which they lost due to the economy and recent cost-cutting by their companies.

They were intending to repay the debt but as a result of their job loss, their current employment which is only paying a fraction of their original income is significantly not enough. They are being hounded frequently by creditors as well. I’m unsure what is the best option for him.

I am hoping i will be able to answer his question "should i file bankruptcy" in a assured manner to calm his nerves down. Is it the only option with regards to this issue of his? Any alternatives?

Technorati Tags: credit cards, creditors, economy, fraction, good friend, job, nerves, paying jobs, should i file bankruptcy