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Blog Posts in July, 2012

Will My Bankruptcy Hurt My Spouses Credit?

If you are married, a common question when filing for bankruptcy is whether or not it will hurt your spouse’s credit, and if the debt will be held against them. This is a good question to ask, ...
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L.A. Teacher Has Her Wages Garnished Due to a 30 Year Old Loan

Linda Brice graduated from college over 30 years ago, is a U.S. Coast Guard Veteran, and now is a first grade teacher at a Los Angeles elementary school. Due to a defaulted loan of roughly $3,000 from ...
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Jailed Businessman Seeks to Protect His Assets After Bankruptcy

Russell Wassendorf Senior was arrested for stealing over $100 million from his customers through his business, Peregrine Financial Group. While it is appreciated that he confessed of his crimes, ...
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Foreclosure Hurts More for Older Americans

It is stated that in America 1.5 million older people are facing the challenges of losing their homes. That number doesn’t include the millions more that are on the brink of bankruptcy or ...
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American Airlines Possibly on the Road to Financial Recovery

American Airlines has been on their way into bankruptcy for many years now, and within the last 8 months finally filed for it officially. There are possible signs though, that point to this company ...
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AT&T Sues Over Outrageous Phone Bill; Defense Avoids Bankruptcy

We all know that talk isn’t cheap. But one man from Ipswitch, Massachusetts almost went bankrupt from the cost of conversation. According to the US and World News Report, AT&T recently sued ...
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ATM Costs Bank a Fortune, Sends Customer to Near Bankruptcy

A Bank of America customer with the initials R.P. is in a rocky financial situation, but not because he has had a lack of money in times past. In fact, R.P. stumbled upon a fortune when an ATM falsely ...
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Stockton Bankruptcy Makes History

The City of Stockton in California has officially declared that it is filing for bankruptcy. However, this isn’t just any event. The city of Stockton will now go down in history as the largest ...
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