Bankruptcy Right For You?
Bankruptcy? Thinking of Throwing in the Towel?
Thinking about filing bankruptcy? You need to give it some serious thought, there may be consequences that go far beyond the actual discharge of your debt. There are two types of bankruptcies that most individuals file. One is chapter 7 which is a complete discharge of all your debt. The other, is chapter 13 were basically you make a payment arrangement with the trustee and your creditors.
So when do you decide it’s time to throw in the towel? You have to ask yourself the following questions. Do your debts exceed your income? Are you anxious and scared to total all of your debt? Is your phone ring off the hook incessantly? Are you only paying the minimum amounts on any payment due? If you answered yes to two or more of these questions, then you should seriously consider if bankruptcy is right for you.
Categories: consumer info Tags: bad debt, bankruptcy, credit card debt, credit counselor, debt, maxed out, personal credit crisis
Ben Bernankes Druken Diatribe on Economy
Ben Bernanke drunk, but honest about Economy
As you all know, I try to have original content on my blog. I couldn’t resist sharing this with you. Fed Chairman, Ben Bernanke was drunk on his ass and giving his take on why the American economy is in the tank. Read this article and enjoy!
SEWARD, NE—Claiming he wasn’t afraid to let everyone in attendance know about “the real mess we’re in,” Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood’s Corner Tavern about how absolutely fucked the U.S. economy actually is.
Bernanke, who sources confirmed was “totally sloshed,” arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was “pretty goddamned awful if you want the God’s honest truth.”
Debt Ceiling Jobs and Republicans
Following article was written by Recovered
Treasury Secretary Timothy Geithner
Debt Ceiling – The Debt Ceiling is on every ones mind these days. This is the fiscal limit set by congress going back to 1917 to control government spending. Much is at stake if the debt ceiling crisis isn’t handled properly. The United States stands to lose it’s credit rating in the world economy. We jeopardize having our Stock and Bond markets crash. Treasury Secretary, Timothy Geithner has his job cut out for him.
The overriding factor that will determine what happens with the debt ceiling is politics. In this game of fiscal chicken, the Republicans are steadfast and resolute that they will not be the ones to blink. No one wants to be the first one on the GOP side to support raising the debt ceiling. To do so, would brand that person a fiscal spendthrift.
Categories: consumer info Tags: bond markets, debt, debt ceiling, government spending, obama, political hay, spendthrift, timothy geithner, treasury secretary
Debt – Lose It!
Universal Credit Card?
Categories: banking, bankruptcy Tags: credit card debt, debt, debt solutions