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The UnSponsored Link: Consumer Reports WebWatch’s Weblog: Is USABankruptcy Associates ‘a Farce?’

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A "Big 3" Bailout??? by cobalt123USA Bankruptcy Associates ripoff illegal acts against bankruptcy code beware charged too much for incorrect papers Internet People in need, Beware! Your first clue (and mine) should be that they do not have a phone number OR and address to contact them if you have a problem. You can only send them an email, and it is limited in size and you cannot write another email until they respond to the first. . . .Just don’t believe anything this company advertises, they are in the business of scamming people out of their money, and the crazy guarantee is just a bunch of hype! Don’t believe it! Crystal Colfax, Indiana U.S.A.
Source: consumerwebwatch.org

Video: Bankruptcy – Busby and Associates – Houston, Texas

USA Bankruptcy Filings up 100% from 2007

In 2008 there were 1,074,225 non-business bankruptcy filings. In 2009 there were over 1,054,000 non-business bankruptcy filings in the first three quarters of the year only. Business bankruptcy filings in 2008 were 43,546. During the first half of 2009 business bankruptcy filings were over 45,000 for the first three quarters.
Source: panamalaw.org

Credit card statistics, debt statistics, industry facts

About 40 percent of credit cardholders carry a balance of less than $1,000. About 15 percent are far less conservative in their use of credit cards and have total card balances in excess of $10,000. When you look at the total of all credit obligations combined (except mortgage loans), 48 percent of consumers carry less than $5,000 of debt. This includes all credit cards, lines of credit and loans — everything but mortgages. Nearly 37 percent carry more than $10,000 of nonmortgage debt as reported to the credit bureaus.
Source: creditcards.com

Three Firms Handling $1.1 Billion Innkeepers USA Bankruptcy Sale

Schulte Roth & Zabel business transactions partner Stuart Freedman and special counsel Kimberly Monroe, tax partners Alan Waldenberg and Dominique Padilla Gallego, restructuring partner Adam Harris, real estate special counsel Fonda Duvanel, and associates Joseph Bain and Audra Dowless are advising New York-based Cerberus on the deal. Cerberus is a long-time client of the firm, having recently tapped Schulte for its $6.3 billion sale of Chrysler Financial to Toronto-Dominion Bank in December.
Source: typepad.com

Usabankruptcyassociates.com Estimated Value $1,296.00 USD

=-=-=-= Domain name: usabankruptcyassociates.com Registrant Contact: USA Bankruptcy Associates Sysadmin Sysadmin () Fax: 38 PLACE DU COMMERCE Bk Document Processing Limited ILE DES SOEURS, QC H3E 1T8 CA Administrative Contact: USA Bankruptcy Associates Sysadmin Sysadmin (usabkassociates@yahoo.com) +1.5147696240 Fax: 38 PLACE DU COMMERCE Bk Document Processing Limited ILE DES SOEURS, QC H3E 1T8 CA Technical Contact: SiteProduct Web Services Administrator DNS (administrator@siteprotect.com) +1.3122362132 Fax: +1.3122361958 1 N State Street 12th Floor Chicago, IL 60602 US Status: Locked Name Servers: ns1.dnsexit.com ns2.dnsexit.com Creation date: 21 Jun 2004 00:00:00 Expiration date: 21 Jun 2014 00:00:00 =-=-=-= The data in this whois database is provided to you for information purposes only, that is, to assist you in obtaining information about or related to a domain name registration record. We make this information available “as is,” and do not guarantee its accuracy. By submitting a whois query, you agree that you will use this data only for lawful purposes and that, under no circumstances will you use this data to: (1) enable high volume, automated, electronic processes that stress or load this whois database system providing you this information; or (2) allow, enable, or otherwise support the transmission of mass unsolicited, commercial advertising or solicitations via direct mail, electronic mail, or by telephone. The compilation, repackaging, dissemination or other use of this data is expressly prohibited without prior written consent from us. We reserve the right to modify these terms at any time. By submitting this query, you agree to abide by these terms. Version 6.3 4/3/2002
Source: widestat.com

Ferdz, the travel blogger at the Mandarin House

It was in the Mandarin House in Macau, while roaming around the place that the travel blogger came upon this moon portal that opens to a small courtyard. With such compositional arrangement, who can resist but take the camera and just shoot?
Source: langyaw.com

U.S. Puts GMAC Subsidiary Into Bankruptcy. Wait. What?

RAHI A, LLC RAHI B, LLC RAHI Real Estate Holdings, LLC RCSFJV2004, LLCResidential Accredit Loans, Inc. Residential Asset Mortgage Products, Inc. Residential Asset Securities Corporation Residential Capital, LLC Residential Consumer Services of Alabama, LLC Residential Consumer Services of Ohio, LLC Residential Consumer Services of Texas, LLC Residential Consumer Services, LLC Residential Funding Company, LLC Residential Funding Mortgage Exchange, LLC Residential Funding Mortgage Securities I, Inc. Residential Funding Mortgage Securities II, Inc. Residential Funding Real Estate Holdings, LLC Residential Mortgage Real Estate Holdings, LLC RFC – GSAP Servicer Advance, LLC RFC Asset Holdings II, LLC RFC Asset Management, LLC RFC Borrower LLC RFC Construction Funding, LLC RFC REO LLC RFC SFJV-2002, LLC
Source: wordpress.com

From Divorce, Bankruptcy & Foreclosure to Liberation: 1 year

Posted by Perry on May 25th, 2012. Filed in Marketing Blog. Tagged as Audios, Bankruptcy, Breakthrough, deal flow, Divorce, Faith, Foreclosure, Hell, Inspiration, Liberation, Lost Friends, marketing, Mentor, Mp3, Personal Level, Record Income, S3, Trash, Turnaround. Follow responses thru Comments RSS. Follow responses thru Comments RSS.
Source: perrymarshall.com

Causes of Bankruptcy: Middle Class Confronts Tough Economy

Indeed, the middle class itself seems to be shrinking. According to Pew, last year slightly over half of U.S. households with three persons had incomes of between $39,000 and $118,000 per year. Adjusted for inflation, that percentage is down ten percentage points since the early 1970s. Back then, the middle class percentage was 61 percent.
Source: edfeldlaw.com

Law Grads Filing for Bankruptcy with $150,000 in Student Loans

Misty Kennedy, 34, took out $145,000 in loans to attend Appalachian School of Law. She filed for bankruptcy in March 2010, reports Thomson Reuters News and Insight. She has a net income of $1,000 a month from her own law practice. Her loan payments total $700 a month. A court ruled that Kennedy’s loans wouldn’t be an “undue hardship.”
Source: findlaw.com

Beal Bank USA v. Windmill Durango Office, LLC (In re Windmill Durango Office, LLC), 2012 Bankr. LEXIS 3369 (B.A.P. 9th Cir. June 27, 2012)

Lexis.com Overview: There were three issues here: (1) Did the bankruptcy court (BC) err in denying the bank’s ballot motion? (2) Did the BC err in confirming debtor’s second amended plan (SAP) by finding that debtor demonstrated that it was feasible? (3) Did the BC err in confirming debtor’s SAP by finding that debtor filed it in good faith? The BC found that the bank did not establish cause, Fed. R. Bankr. P. 3018(a), for withdrawing the vote of an assignor creditor. It further found that the bank’s reason for withdrawing the vote was improperly motivated. While it was a close question, the instant court concluded that the BC did not abuse its discretion in denying the ballot motion. Next, the court found that the record supported the BC’s feasibility determination. A relatively low threshold of proof satisfied 11 U.S.C.S. § 1129(a)(11) so long as adequate evidence supported a finding of feasibility. Finally, the court did not have a definite and firm conviction that the BC erred in determining that debtor proposed its second amended plan in good faith, or in its ultimate determination that debtor satisfied the requirements for confirmation of its SAP.  [an annotated version of 11 U.S.C.S. § 1129 is available to lexis.com subscribers] Collier on Bankruptcy is available online to subscribers of lexis.com and available for purchase from the LexisNexis Store.
Source: lexisnexis.com

Student Loan Reform: Should it be Forgiven or Discharged in Bankruptcy?

Some members of Congress are attempting to make it possible for graduates to declare bankruptcy on private student loans. In an interview with Hotsheet, Rep. Steven Cohen stated, “the industry is giving out loans to people that may not be as creditworthy as they should be – because they know they can’t bankrupt them.” Cohen continued, “Why should private loans be different than debt you can accumulate with a credit card, or at a casino? There’s just no good reason for it… It was a really bad bill if you were an average or even a middle-class American. This was done for the industry, not the student.”
Source: filebankruptcyinarizona.com


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