Relief For Struggling Homeowners
For homeowners who are afraid that they will lose their home, some help is on the way. President George W. Bush signed the new housing law last week that Congress passed to help homeowners stay in their homes. Excerpt from the Savy Consumer article in the Fort Worth...Barack Obama Vs. John McCain on Bankruptcy Reform
In recent campaign stops Senator Barack Obama, United States Presidential hopeful, has addressed his concerns about bankruptcy law and criticized Senator John McCain’s position of “siding with banking industry lobbyists” and failing to support steps which Senator...Senators reach deal on foreclosure legislation
Key senators announced Monday [May 19] a bipartisan agreement on the broad elements of a plan to avoid foreclosures and speed the refinancing of mortgages for roughly 500,000 troubled homeowners without taxpayers footing the bill. Read the rest of the here. With...Bush’s Bankruptcy Legacy: Three Years And Nearly 1.5 Million Bankruptcy Filings Later
On the eve of the three-year anniversary of president Bush’s controversial bankruptcy bill becoming law, data show that in the last two years nearly 1.5 million individuals filed for personal bankruptcy. The new data further questions the merits of the Bankruptcy...City of Vallejo, California Declares Bankruptcy: Will More Cities Follow?
Rarely do cities of a decent size declare bankruptcy, but that is exactly what the city of Vallejo, California, home to more than 100,000 people is doing. Hurt by falling property tax revenues, a stagnant economy and the failure to renegotiate key deals with unions,...
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