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Do You Qualify for Chapter 7 Under New Bankruptcy Laws?

Posted by Iris Smith on September 16, 2011

Chapter 7 has long been a preferred debt relief option because this bankruptcy chapter allows debtors to have most debts discharged without restitution. However, in 2005 new bankruptcy laws took effect which has made it considerably more difficult to qualify.Today, Chapter 7 is typically only available to petitioners earning less than their states’ median income [...]

Filed under: Personal Finance Comments Off

The economic downturn in this year

Posted by Iris Smith on August 31, 2011

Several studies, statistical data, forecasts and projections of future financial, stock market statics, small business facts, unemployment statics and real estate projections clearly show the economic downturn in 2011. Of course, you just can not run with the coming economic recession during 2011, because you will also be affected by the recession in 2011 directly [...]

Filed under: Personal Finance Comments Off

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