Entries categorized as ‘crisis’
Housing Prices and Median Income
November 2, 2009 · Leave a Comment
Categories: IRS · Middle class · assets · bailout · bankruptcy · bubble · ch 13 · ch 7 · consumer · crisis · current-events · data · debt · depreciation · economy · estate · flipping · foreclosure · fraudulent transfers · investments · landlord/tenant · means test · median income · mortgage · property · reaffirmation · real property · research · sale · secured · short sale · subprime · tax deeds · tenancy by entirety · title · wealth
This is how you spend your money …
July 20, 2009 · 1 Comment
Where it all goes ...
This chart was complied and published by Visual Economics
Categories: Administrative Office of the Courts · Census Bureau · Congress · IRS · Middle class · administrative · aoc · article · automatic stay · automobile · bad faith · bailout · bank · bankruptcy · ch 13 · ch 7 · consumer · credit · credit cards · credit counseling · creditor · crisis · current-events · disposable · economy · estate · estate planning · foreclosure · income · individual · interest · investments · means test · median income · non-debtor spouse · pay advices · plan · reaffirmation · research
debt without end …
June 24, 2009 · Leave a Comment
Can’t say too many good things about this diagram; honest, to the point, great use of Web 2.0 techniques to tell a complex story.
America's Love Affair with Credit
Categories: FDCPA · article · bailout · bank · bankruptcy · bubble · ch 13 · ch 7 · consumer · credit · credit cards · credit counseling · creditor · crisis · current affairs · current-events · data · debt · disposable · economy · fair credit reporting act
Tagged: credit cards
Bankruptcy to Congress: “I’m back baby!”
April 24, 2009 · Leave a Comment
Bankruptcy's Back
From MSN Money By Liz Pulliam Weston
It looks as if last year’s reform law did not really stem the enormous flood of bankruptcies after all. Here are the states with the highest bankruptcy rates. advertisement By Liz Pulliam Weston The lull in bankruptcy filings may already be a thing of the past. Consumer bankruptcy cases plunged to a 20-year low in the first three months of 2006, reflecting the passage of a tough new bankruptcy law last year. But the pace of new filings is already on the rise. Courts now see an average of 2,000 new filings a day — four times the number that were filed in November 2005 after the bankruptcy law went into effect, according to Chris Lundquist, founder of Lundquist Consulting, which tracks bankruptcy trends. If filings continue to rise at anything like this rate — which is not a given, but certainly a possibility — we could see close to 1 million filings by the end of the year. That would still be significantly less than the record filing levels that drove passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. But it would be a pretty clear indication that the bankruptcy juggernaut was just stalled, not cured, by the new law. [read the full piece]
Categories: BAPCPA · Middle class · article · bailout · bankruptcy · blogging · blogs · bubble · business filings · ch 11 · ch 13 · ch 7 · consumer · credit cards · credit counseling · creditor · crisis · current affairs · current-events · data · debt · disposable · economy · elderly · empty-nest · filings · foreclosure · fraud · income · individual · investments · jobs · lists · means test · median income · mortgage · real property · research · short sale
The New New Economy: jobs down unemployment up
March 5, 2009 · Leave a Comment
... as jobs sag
Excerpted from the March 5 post, Worst is yet to come for job market, by Chris Isidore, CNNMoney.com senior writer
It’s no secret that the job market is bad. The Labor Department will release its latest jobs report Friday. Economists surveyed by Briefing.com forecast that the unemployment rate rose to 7.9% in February and that 650,000 jobs were lost. Still, as bad as those numbers are, some have argued that this jobs downturn is not as bad as the early 1980s. The unemployment rate peaked at 10.8% in late 1982. But several experts say it would be a mistake to come to that conclusion. They argue that unemployment rate only hints at why this jobs downturn is worse than any since the Great Depression … If the job loss forecasts for February turn out to be accurate, it would be the worst monthly drop since 1949. It would also bring total job losses over the last six months to 3.1 million, the largest six-month job loss since the end of World War II. Even adjusting for the large growth in the nation’s job base in recent decades, this would be the biggest six-month job loss since 1975. [read the rest of the article]
unemployment goes up, up, up ...
Categories: Census Bureau · Middle class · article · bailout · bubble · business filings · careers · ch 13 · ch 7 · consumer · credit cards · crisis · debt · divorce · economy · filings · foreclosure · jobs · means test · median income · research · work
