bankruptcy Archives:
So often much is written about the people and businesses that spend too much and owe too much. Over the last several months, we have focused on them also. In reality, the names are familiar. Enron, Adelphia, TWA, Henry Mayo Newhall Memorial Hospital, Anna Nicole Smith, and Wayne Newton are but a few. The newspapers [...]
Charlie and Carol Consumer are facing ever more difficulty in responding to the many phone calls they are receiving from collection agencies. It seems that their answering machine is full of “hang ups,” “out of area,” and “garbage” phone numbers, each from a different computer generated collection call. They are so upset about the onslaught [...]
Harriet and Harry Homeowner, having taken an advance against the equity in their home, now face the payments that are due. They financed a second on their home at 125% of equity, using all of the proceeds for remodeling, landscaping and paying off some credit cards used to get them into their home. Harry Homeowner [...]
