Archive for the ‘Uncategorized’ Category
As reported in the Milwaukee Journal by Paul Gores on July 28, 2010 Bankruptcy filings in Wisconsin rose 16% during the first half of this year, an increase lawyers say was driven largely by consumers and small-business operators who couldn’t find enough work in the slow economy to keep up with their debts. Bankruptcy filings in Wisconsin rose 16% during the first half of this year, an increase lawyers say was driven largely by consumers and small-business operators who couldn’t find enough work in the slow economy to keep up with their debts. There were 16,021 bankruptcy petitions filed in federal court through June, compared with 13,802 during the same period a year ago. See the rest of the article at www.jsonline.com
As reported on 24/7Wall St. they have compiled a list of brands that may disappear in 2011 which includes, Kia Motors (they are a part of Hyundai), Readers Digest, Dollar Thrify, Zales, Blockbuster, T-Mobile, RadioShack, Merrill Lynch and Moody’s.
We are all aware of the change in rentals of DVDs etc espcially since the advent of Redbok and NetFlix. Blockbuster may be around as a company as mail or internet-delivered but the brick and mortar business is dead.
Dollar Thrifty Automotive is for sale with Hertz is a potential buyer as is Avis. T-Mobile is the no. 4 cellular company and only has 34 million customers and faces three larger competitiors.
RadioShack is the one of the oldest retailers in the US. It was founded in 1921 and is currently a takeover target. The company may be bought out by Best Buy.
Take Root Milwaukee is a valuable resource that provides free or low-cost, trustworthy and confidential assistance to help you purchase and keep your new home, in addition to alternatives to foreclosure.http://www.takerootmilwaukee.org/
There is a meeting for Wells Fargo Mortgage holders on June 30th from 2-8 at Parklawn Assembly on Sherman Blvd.
I will lose my job if I file bankruptcy. Not true! The bankrutpcy code prohibts an employer froam discriminating based on bankruptcy filing.
Can you not be hired if you fired bankruptcy? It may be true they can’t legally use your bankruptcy as a reason not to hire you, but they can certainly find someone BETTER who has not filed bankruptcy – and there is no law to prevent them from doing that. Bankruptcy carries with it a certain negative meaning to employers and there is no guaranteed protection and discrimination against you where this is concerned can be much more covert.
There is buzz around about Washington’s effotts to get us free credit scores. Senator Mark Udall is sponsoring the bill and if it passes the scores provided for free will be the fake scores.
The only credit scroes that matters are the ones that lenders use to make a lending decision. FICO will not provide them for free – why? This is a $50 million per year business revenue stream. TransUnion and Experian will gladly provide the scores but these are not the real scores!