Bankruptcy is the Cost of the Way the Credit Card Industry Does Business

Reprinted with permission from Huffington Post 7-13-11 One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the credit card lender for BJ’s Warehouse, notified 12,000 of its customers that it was revoking their credit card privileges. A logical guess would be [...]

How to get rid of a Second Mortgage without a Loan Modification

 The following article released on January 3, 2011 has been reprinted with permission from Huffington Post. Following the maxim that drastic times call for tepid measures, the banking industry continues to pay “lip service” to loan modifications while doing little. On Dec. 15, the Congressional Oversight Committee admitted the government’s Home Affordable Modification Program (HAMP) [...]

Happy 2010 – Ring in the New Year with Improved Financial Knowledge

Smart Money recently ran a great piece on the basics of understanding the bankruptcy filing process (http://articles.moneycentral.msn.com/Banking/BankruptcyGuide/10-secrets-of-filing-for-bankruptcy.aspx).  Many of the issues presented are ones we witness every day in our Salem, NH office.  Hardworking Americans are struggling because of medical expenses, unemployment has wrecked havoc by leaving families with mounting debt and potential foreclosure, aging Americans have worked hard their [...]

Bankruptcy of the Elder Class

Once the nation’s wealthiest class, today’s retirees are faced with unprecedented financial troubles that often lead to bankruptcy court.

Bankruptcies on the Rise amid Economic Recovery

U.S. bankruptcies increased 35% over the last year with 1.3 million bankruptcy cases filed.

Response to Recent LA Times Blog

Upside-down mortgagees under fire in California’s proposed legislation.

Keep Your Home – Important Bankruptcy Facts

Understand how bankruptcy works and you may be able to save your home in the process.