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Joblessness and Bankruptcy

In the “new economy”, it is not uncommon for workers to risk their pride or their freedom or even their lives in an effort to find or retain a job.  All of us feel the pressure to pay bills and meet our obligations, while at the same time trying to save some money....

Behind the Numbers

When you see a restaurant commercial, the “special price” never includes tax and tip.  When you see unemployment figures, the totals never include underemployed and discouraged workers.  When you see foreclosure statistics, the figures never include homes which are...

Negative Equity and Social Darwinism

“[D]on’t try and stop the foreclosure process. Let it run its course and hit the bottom, allow investors to buy up homes, put renters in them, fix the homes up, and let it turn around and come back up.  The Obama administration has slow-walked the foreclosure...

Top Three Causes of the Foreclosure Crisis

The Republicans Most conservatives favor economic deregulation as a means to reduce the government’s size.  It stands as no surprise that George W. Bush never met a banking deregulation law that he didn’t like.  Many Bush-era laws contributed to an attitude that all...

Using Chapter 13 Bankruptcy To Stay In Your Home

Jim and Susan own and operate a small medical supply business in Dallas, Texas. In 2008, they purchased a $200,000 home using an 80/20 mortgage with an adjustable interest rate. Four years later, the value of their house has dropped to $150,000, their monthly payment...