My Financial Healthcheck

Personal Bankruptcy Filings Up

  Personal Bankruptcy Filings up 14% in first 6 months of 2010 by CalculatedRisk From the American Bankruptcy Institute: Consumer Bankruptcy Filings up 14 percent through First Half of 2010 U.S. consumer bankruptcy filings totaled 770,117 nationwide during the first six months of 2010 (Jan. 1-June 30), a 14 percent increase over the 675,351 total [...]

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Obama’s plan to keep 9 million Americans in their homes

The plan that President Barak Obama spoke about is supposed to put $75 billion to work in an effort to tackle “a crisis unlike any we’ve ever known”. The President spoke at a high school outside of Phoenix Arizona, which has one of the highest foreclosure rates in the country. President Barack Obama said his [...]

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What is Bankruptcy, is it really on option?

There are a few different types of Bankruptcy, all with varying degrees of impact to your financial future. Chapter 7 is complete Bankruptcy and will hang around on your credit profile for 10 years. Chapter 13 is a better option and operates similar to a payment plan and for 7 years will stay on your [...]

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