recession

Are Chapter 13 Debt Limits Too Low?

by Peter Orville, Binghamton Bankruptcy Lawyer

Chapter 13 bankruptcy is especially well tailored to middle and upper middle class Americans who are having financial difficulty. In a Chapter 13 creditors get paid back at least some of what they are owed, and debtors participate in an affordable payment arrangement administered by a Chapter 13 Trustee. Chapter 13 is usually a win-win [...]

Camping Maybe the Answer to Family Fun During a Recession.

by Rachel Lynn Foley, Kansas City, MO, Bankruptcy Attorney

Camping just may be your answer for a family vacation during a recession.  One of the stressors that I see in clients right now results from people not being able to go on a vacation.  For many vacation has always been a fantasy and not just during this recession.  Camping just maybe the answer for [...]

Recession? Depression? Can We Call The Whole Thing Off?

by Eugene S. Melchionne, Connecticut Bankruptcy Lawyer

A recession is loosely defined as a period of two or more financial quarters where the Gross Domestic Product declines.  It is truly difficult to measure; difficult to determine when a recession starts, and difficult to determine when it ends.  Until 1929, all recessions were generally known as depressions.  By contrast, depressions are now measured [...]