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The Bankruptcy Blog
http://blog.totalbankruptcy.com
News and updates in the world of personal finance and the economy, including the truth about bankruptcy, identity theft tips, data security breach reports, economic factors, and tips on rebuilding credit after bankruptcy or other financial setbacks.
Recent Posts
Late Credit Card Payments Dip in Third Quarter
According to an article from the Associated Press, fewer Americans were late on their credit card payments in the third quarter of this year than in the second quarter, signaling that consumers may be getting more responsible at managing their debt. ...
True Bargains: What Makes a ‘Good Deal’
While looking for low prices is an important part of financial responsibility, it’s only one component: getting the value you need is the other half. For example, buying the cheapest brand of conditioner may seem frugal, but if you have to use twic...
One in Four Mortgages Underwater
Nearly one in four home mortgages are burdening borrowers with negative equity, an article by the Wall Street Journal reports. Underwater mortgages find homeowners with declining home values to the point that they owe more on their mortgages than the...
Obama Administration Creates Task Force to Fight Financial Fraud
The White House announced in a press release on November 17th that President Obama has made an executive order to create a Financial Fraud Enforcement Task Force. Part of the reason for the executive order, it seems, is the number and complicated nat...
Middle-Class the New Face of Bankruptcy
The middle class is increasingly resorting to bankruptcy despite college education, home ownership and other historical signs of success, according to a new study. While the middle class's investments in higher education and real estate have typicall...
New Bankruptcy Chapter Proposed by Congress
A new amendment to the U.S. bankruptcy code could help troubled financial institutions reorganize their debts more effectively and eliminate the status of "too big to fail" that has prompted government intervention over the past two years. H.R. 3310,...

