What’s A Second Mortgage? Is it Good or Bad?

While there are a number of reasons to have or need a second mortgage, they are not always an ideal thing to have. In California’s volatile real estate market, many homeowners have found that their home is worth less than the property’s outstanding mortgages. In this situation, if you have a second or third mortgage, […]

Homeowners Still Falling Prey to Loan Mod Scams

Though Los Angeles is no longer in the midst of a foreclosure crisis, thousands of Angelenos are still underwater on their properties and are thus still targets for loan modification scams. Homeowners Still Falling Prey to Loan Mod Scams Just recently, City Attorney Mike Feuer announced he had filed criminal charges against two such scammers […]

General Wireless Operations Filing for Chapter 11

General Wireless Operations, parent company of electronics retailer RadioShack, looks to be filing for Chapter 11 bankruptcy protection. This is the second time General has filed for bankruptcy protection. General Wireless Operations Filing for Chapter 11 General Wireless Operations has already begun closing 200 stores and will most likely be closing even more. The company is […]

Protect Yourself From “Too Good To Be True” Debt Consolidation

There’s no doubt that debt is a huge problem in the United States. But an even bigger problem are the companies that offer “too good to be true” debt consolidation. If you’re facing large amounts of debt, you need to know how to protect yourself from companies that are only out to make a dollar […]

Available Options for Keeping Your Home

If you’re at risk for losing your home because of inability to pay, know that there are options for you to keep your home. Available Options for Keeping Your Home Being at risk for foreclosure can be one of the most devastating things a homeowner could face. Regardless of why you might not be able […]

When is Bankruptcy a Good Thing?

You’ve always been told that bankruptcy is a bad thing, and that it can take years to recover. But a lot of times, bankruptcy can be just what you need for financial recovery. When is Bankruptcy a Good Thing? While it’s true that filing for Chapter 13 or Chapter 7 bankruptcy has its downfall – it […]

Health Care Is Bankrupting The Nation

We know this: medical bills add up fast. A simple operation can cost a family thousands, and even push them into bankruptcy. In fact, in a study recently released by The Balance.com, health care costs are the #1 cause of bankruptcy for America’s families. Health Care Is Bankrupting The Nation The cost of health care is […]

Final Chapter for American Apparel

American Apparel has begun the process of laying off its workers following its much-publicized bankruptcy — kicking off its final chapter as the country’s largest garment maker. Final Chapter for American Apparel This last week, the country’s once largest garment maker, began to lay off 2,400 workers in Southern California. The layoffs will continue through […]

Foreclosure At a 10-Year Low

According to a report by ATTOM Data Solutions, formerly called RealtyTrac, foreclosures have hit a 10-year low. Additionally, property owners in all but 15 of 50 states have experienced fewer of the early stages of foreclosure. Foreclosure At a 10-Year Low Foreclosure is a series of events during which a lender attempts to recover the […]

Avaya Files for Chapter 11 Protection

Avaya Inc. has filed for chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York. The company’s products cover communication and messaging, video conferencing, call center, networking, and software and services. In its announcement, the company said it has secured a committed $725 million debtor-in-possession loan underwritten by Citibank. “We […]