Wednesday, 8th February 2012.

Arkansas’ economy remains stable

Posted on Saturday, 19th November 2011 by Nicholas P

Despite the economic devastation that has been ransacking the nation, the state of Arkansas has maintained an established economy that has continued to remain stable. The economy of AR has not seen the rise in unemployment rates that has affected the rest of the country and in fact, their unemployment rate remains well below the national average. This stable economic climate makes Arkansas an ideal state for relocation.

Signs of Stability

Arkansas has managed to avoid the dramatic job loss that has caused residents of other U.S. states to experience foreclosure and difficult economic times.

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Tags: Stable
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Eighth Circuit Resurrects Action to Find Debt Nondischargeable Due to Fraud – Bauer v. Gilmartin

Posted on Monday, 14th November 2011 by Gregory T

As Chino Hills consumer bankruptcy attorneys, we were interested to read about an unusual reversal of a court decision protecting a bankruptcy debtor from creditors. In Bauer v. Gilmartin, the Bankruptcy Appellate Panel of the Eighth U.S. Circuit Court of Appeals found that James Gilmartin’s debt to Larry and Cheryl Bauer should be nondischargeable because of Gilmartin’s fraud in a real estate matter. The two couples had formed a real estate company together and agreed to share payments and profits equally, but the Bauers said Gilmartin began taking money from the company without authorization. The bankruptcy court had held a partial hearing on the issues, but found that the Bauers had not proven they were damaged by the fraud.

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Tags: Bauer V, Gilmartin
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The basics of joint account debt settlements

Posted on Friday, 11th November 2011 by Nicholas P

Settling delinquent credit accounts can prove to be a lengthy and complicated process. This process can be compounded when working with not one but two individuals. This is the case when working with a joint account settlement. Understanding the basics of settling a joint account can help you understand how the process works.

Settling a joint account may prove to be a complicated endeavor. However if the only other option is a bankruptcy filing, then a debt settlement may prove to be the best choice. The first step when settling a joint account is to let the other account holder know what you are planning to do. The reason for this is that the settlement will also affect their credit ratings and they should be aware of your plans.

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Tags: Account, Account Debt
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Banks Hound Mourners over Chicago Debt After Loved Ones Die

Posted on Tuesday, 8th November 2011 by Gregory T

Banks may at first appear so inviting. Their lobbies are pristine, and their commercials show white-toothed, oh-so-friendly tellers welcoming in customers. It’s like being in Disney World.

And then you fall behind by a payment and guess what? They turn into sharks. You get slammed with hidden late fees and they’re quick to send collectors hounding you if you owe them money.

It’s often these aggressive actions that lead people to seek bankruptcy protection in Chicago and surrounding areas. The bankruptcy process allows for a fresh start after years of debt piling up.

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Tags: Banks, Banks Hound
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