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Senators Urged to Help Fight Foreclosed Homes
Senators are being urged by community advocates and economists to pass the bill that would empower judges to order lenders to modify the loans of homeowners filing for bankruptcy to save their houses from becoming foreclosed homes. " Senators are being called upon by housing...
Conquest's Bankruptcy Spreads Grief
A carefree vacation in the sun has turned nighmarish for holiday makers who booked Conquest Vacations. The sudden bankruptcy of this company has left creditors unpaid in many resorts.The solution for some hoteliers has been to charge the tourists for their rooms, often... Survey: Lawyers Expect Boom in Bankruptcy
A country that elects Barack Obama, a liberal lawyer, as its president should not be surprised by the results of a recent survey by Robert Half Legal: Three-hundred attorneys from among the largest law firms and corporations in the United States and Canada were asked, "In... Michael Vick Out Of Prison in Kansas
Suspended NFL star Michael Vick has left federal jail in Leavenworth, Kansas, where he has been serving 23 months for a dogfighting conspiracy. The former Atlanta Falcons quarterback is believed to be heading to Virginia for a bankruptcy hearing next week. " The U.S....
created by Rachel Nixon | 4 years ago | updated 4 years ago
201 views | 10 recommendations | 4 comments
201 views | 10 recommendations | 4 comments
Subprime lending - Canada's dirty, little secret?
Does Canada have a dirty, little, subprime lending secret? Looks like it. As the U.S. financial sector began to crumble under the weight of subprime mortgage lending last fall, and so many regular Americans were... Six Flags on Financial Roller Coaster
Six Flags amusement park operators are the latest to feel our current economy. "Six Flags has hired the boutique investment bank Houlihan Lokey to advise it on restructuring and the law firm Paul Hastings to...
created by Mary Richard | 4 years ago | updated 4 years ago
3489 views | 17 recommendations | 3 comments
3489 views | 17 recommendations | 3 comments
Obama’s Program Brings Hope to Florida Foreclosures
The U.S. Department of Treasury is preparing to commence implementation of President Barack Obama’s foreclosure prevention program. " The $75 billion anti-foreclosure plan is expected to help nearly 9 million distressed homeowners to modify their loans to avoid...Band-Aid Still Stuck on Big Bailout Banks
" In September last year, the Bush regime left behind its old refrain that “the fundamentals of the economy are strong,” and went to Congress for a quick $700B to bail out collapsing banks stuck with toxic... Blockbuster Explores Bankruptcy Advice
DVD-rental giant Blockbuster has hired a legal firm to explore a possible bankruptcy filing. The chain is facing stiff competition from Netflix, which continues to introduce new services such as video on demand,...
created by Jordan Yerman | 4 years ago | updated 4 years ago
373 views | 6 recommendations | 0 comments
373 views | 6 recommendations | 0 comments
Woolworths Last Pic'n'Mix Bag Auctioned on eBay
Update: The last Pic'n'Mix bag has sold for £14,500... that's like $29,000. I wonder how that breaks down in terms of price per piece."The souvenir from the collapsed retail chain had received 115 bids ahead of...
created by Jordan Yerman | 4 years ago | updated 4 years ago
536 views | 5 recommendations | 3 comments
536 views | 5 recommendations | 3 comments
Obama to Launch Foreclosure Plan in Phoenix
President Barack Obama is set to travel to Phoenix, Arizona to launch his foreclosure program. Phoenix was probably chosen because its housing market has been one of the most adversely affected by the credit...Trump Entertainment Resorts Inc Files for Bankruptcy [Updated]
UPDATE: As expected, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection on Tuesday, for the third time in the company's history. The company, which operates high profile casinos...
created by Jarrett Martineau | 4 years ago | updated 4 years ago
293 views | 0 recommendations | 0 comments
293 views | 0 recommendations | 0 comments
Foreclosures Take a Drop from December to January
The number of Americans who are on the verge of foreclosure has decreased last January, although a year ago, it was still up from the same month. Homes lost to foreclosures would have been more if it were not for the initiatives to delay the foreclosure process. " According... Midway Games Files for Bankruptcy
A shocking and pretty sad situation for gamers who enjoyed the Mortal Kombat series, no more brand new "Get Over Here!", at least for a little while now. This is due to Midway the company famous for the Mortal... This Is Bad: We're Heading for 'Water Bankruptcy'
One of the few positive consequences of the current economic meltdown is that people are consuming less and therefore the resources we have will last a tiny bit longer than they would have in good times. In an... Top Members Today
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