Uncertainty Is Causing the Weak Economy
I was privileged to attend an insider’s breakfast briefing with guest speaker Congressman Ed Royce of the 40th District a couple weeks ago. This event was hosted by the Fullerton Chamber of Commerce. When Congressman Royce spoke about the impact of economic reform and healthcare, as it relates to small business here in California, he mentioned that businesses were hoarding capital and not spending because of the uncertainty in Washington. We all know that the economic recovery is primarily dependent upon spending, but most Americans are still working on paying down their debt. Adding to the lack of consumer spending is the national jobless rate holding at 9% and here in California, we rank third with 12.3% unemployment rate.
Ironically, as Mr. Royce was speaking, his colleagues in the Senate blocked a bill to aid small business. The problem with most bills though, is the cost of such legislation. We can all agree that government spending must end and the private sector needs to pick up the slack, but with political rhetoric at an all-time high and legislation costing trillions of dollars, paid for by cuts in Medicare and increased fees; the Congressman explained that this would have erected a new entitlement program.
Congressman Royce explained that Healthcare and taxes are the two major expenses to small business in America. The hoarding of capital by American businesses is due to the long range rule changes creating uncertainty in Washington. Congressman Royce explained, “We must eliminate uncertainty first, then small business will begin to spend capital.” We need to eliminate our debts and the uncertainty in Washington, along with the toxic mortgages. This is a marathon recovery, not a sprint to the economic finish line.
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Take a look at this 
summary of the requirements set forth in that order that include BOA's agreeing to not lie, cheat, or steal from consumers, I am not getting that warm feeling like we've accomplished much. Did I miss anything?
Liz Pullium Weston wrote about it in her article, 
days, that payday loan shops are replacing Starbucks on every corner. It's the new business to be in with this depressed economy. Here's what happens when you obtain payday loans in your rup-up to filing for bankruptcy.
courtesy due to the 
Lower interest rates. Just because you've filed bankruptcy; it doesn't mean that you will forever be stuck with high interest rate offers on credit. In fact, I strongly encourage you to avoid those high cost, high interest rate predatory type lenders. Run, don't walk away from anyone advertising, "Bad Credit?; No Credit? Bankruptcy? No Problem!" You're guaranteed to get a loan from these lenders, but it will cost you more than it did to file bankruptcy in the first place. Don't get pressured into signing any contract that you don't understand, or that cost too much just for the credit. 
options; fiancial wellness; tips to avoid bankruptcy; the bankruptcy process and life after bankruptcy. A special note to homeowners: Filing Bankruptcy Will Stop Foreclosure! 
Most everyone has thought of filing bankruptcy as simply filling out a bunch of forms. I would have said that before the 
Back in November, I explained to you the complexities involved in .jpg)
Who can initiate them? Any party can file an adversary proceeding, but remember that an adversary proceeding has limited scope as discussed above. Generally, the debtor will initiate an adversary proceeding to protect her estate from creditors who have not followed the law.
I've had several clients come to me after working with debt settlement companies that have provided no service at all, except to take my client's money. These debt settlement contracts usually provide that the debt settlement company will set up a trust account with your name on it and take their fees and payments first. Then, when there's enough money in the account, they will begin to negotiate with your creditors. When you agree to the settlement of the debt, the debt settlement company gets even more money. To say that they nickel and dime you into further debt is being nice. I would like to think of it as unconscionable; that's the legal term.
Nowadays it seems everyone from big business to celebrities is filing for bankruptcy. While major corporations are getting government bailouts with our tax dollars, wouldn't it seem fair if we could get a bailout too? 
The November, 2009 issue of 
The use of bankruptcy as a strategic move in litigation requires a fine line approach. 
mecca all the way into the crash in 2008. These option arm loans were sold here in California well into late 2007 and the "teaser" or introductory rates on these loans sold were 5, 7, and 10 year terms. This means that we have yet to see the end of the foreclosure crisis here in California because 
Considering the negative stigma around bankruptcy law and in light of our nation's economic woes, these cartoons are a refreshing departure. They're easy to read and understand. They take the law and break it down into layman's terms; a gift I rather admire. In BAPCPA MAN #2, he discusses the automatic stay as a force field that protects the debtor from their creditors. The cartoon is a fun explanation of the law and below the cartoon itself, are links that provide the reader with additional information on the topic discussed.