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Blog Posts in September, 2010

Teresa Giudice's Bankruptcy Auction Called Off

News sources report that Teresa Giudice's bankruptcy auction, which was scheduled to sell furniture and personal items including her and her husband's wedding ring, has been canceled. Instead, the ...
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Bankruptcy Petitions Increase by 35% in South Central Texas

Compared to September of last year, the number of personal bankruptcy reorganization petitions increased by 35% in South Central Texas this year. This week, The U.S. Bankruptcy Court for the Western ...
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Are the Obama Administration's Mortgage Efforts Failing?

News sources are reporting the Obama administration's mortgage relief efforts are not bearing fruit or easing the foreclosure crisis in the country as more than half of those who have enrolled in the ...
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Lehman Brothers Holding Thinks Bankruptcy Plan will be Approved in Early 2011

Lehman Brothers Holding, the company that is reported as being responsible for the largest banking collapse in the history of the United States, said that its C hapter 11 bankruptcy plan will be ...
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10 Worst Cities to Live In

Many news sources are reporting on the United States Misery Index , which details the 10 worst cities to live in throughout the country. The Misery Index considers factors like unemployment rates, ...
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Two Creditors Propose Plan to Help Tribune Co

This week, it was announced that two of Tribune Co's creditors have come together to propose an alternative reorganization plan for the financially strapped newspaper publisher. In their proposal, ...
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Claim Jumpers filing for Chapter 11

Recently, it was announced that Claim Jumpers Restaurants LLC sought Chapter 11 bankruptcy protection with a plan to sell its business to one of its investors. The restaurant chain operates in ...
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Medical Debt and Bankruptcy

When people are filing for bankruptcy because they have a great deal of medical debt they may wonder if they can just list their medical debt in their bankruptcy petition and not list out their other ...
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National Credit Card Debt Average Drops

In August 2010, TransUnion filed a report that stated credit card debt averages have dropped to less than $5,000. During the same time period in 2009, the national average was $6,000. While most ...
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Disputes Continue Regarding WaMu Bankruptcy

Recently, Washington Mutual Inc.'s bankruptcy examiner asked a judge for more time to investigate the U.S. bank failure. The examiner said he needs to interview witnesses and also collect important ...
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