New Mexico had its largest wildfire in its history this summer — the Las Conchas fire burned 156,593 acres (244.6 square miles) not far from where I live. To me, the continuing harsh economic times also continue to consume ground people once took for granted. In my state, New Mexico, starting on October 14, 2011, [...]
Personal Finance
Bankruptcy and identity theft? How can this be an issue if someone is discharging debt? There are debtors who file for bankruptcy protection due to someone having stolen their identity. There are bankruptcy debtors whose identity is stolen and the thief files for bankruptcy. Then, there are those folks who worry about [...]
The U.S. economy needs a stimulus. Many American households would be better served by filing bankruptcy to free-up some income to support their family, rather than waiting for Congress or the banks to help move us forward. It doesn’t sound right, does it? You file bankruptcy to help the economy? But right now, President Obama [...]
Stephen Gandel, senior writer over at Time Magazine, discussed the recent news from Bank of America of BOA’s plans to donate lots after bulldozing 100 foreclosed Cleveland homes. The lots will be donated to local government authorities. That donation adds to earlier donations of lots where 100 bulldozed Detroit homes once sat along with [...]
As I write this blog, there is still no deal on the Debt Ceiling. Quite frankly, I was trying to understand exactly how our Government’s accounting system works, and I will say that I am absolutely unable to understand how running a deficit each year is a good thing. There must be a secret training [...]
Executory contracts get special treatment in bankruptcy. They are roughly defined as a contract where both parties still have to perform – think lease - unlike a loan where the lender’s obligations ended when the loan was made. Executory contracts need to be listed in Schedule G, giving notice of the bankruptcy case to the other [...]
