Both attorneys said that, while they always look for alternatives to bankruptcy filing for their clients, sometimes this is the best course to take and, in their minds, almost always a better option than many of the debt-reduction programs being advertised on the radio and late-night television. Summing up the current landscape, Katz and Gogel said that a number of factors, from mounting debts to soaring mortgage payments; from plummeting home equity to sharp declines in consumer confidence and spending, conspired to put many consumers and business owners in vulnerable financial situations.
Tips for Sen. Warner Sen. Mark Warner and the "Gang of Six" are close to a debt reduction deal, and it looks like there will be substantial cuts to programs like Social Security.
A Vinton man is suing three out-of-state companies that he says prey on Virginians with debt problems. In a lawsuit filed Friday in U.S. District Court in Roanoke, Johnny Quesenberry said that Genesis Financial Solutions Inc., Asset Acceptance Capital Corp., and Access Acceptance LLC -- all chartered in Delaware, though based in Oregon and Michigan -- tempt potential customers with mailings that offer credit cards and assistance lowering debt. Instead, people who sign up for the companies' Pearl Card Gold MasterCard or debt-reduction programs could end up paying more, the lawsuit said.
WASHINGTON - As the nation's debt soared past $15 trillion, congressional Republicans and Democrats approached stalemate Wednesday in a yearlong assault on federal deficits, stymied still by politically charged disagreements over taxes and the future of enormously expensive government benefit programs. The talks at a standstill, Democratic officials familiar with the work of Congress' debt-reduction supercommittee disclosed they had floated a secret counteroffer late last week to generally accept a Republican framework for a $1.5 trillion compromise, while differing on numerous key details.
...PART 1956: DEBT SETTLEMENT. Subpart B: Debt Settlement-Farm Loan PPrograms and Multi-Family Housing. 1956.54 - Definitions. Adjustment. The reduction of a debt or claim conditioned upon completion of ...
In tough times, poor need more help At a recent debate by Republican presidential candidates, most made a big point of broadcasting their Christianity, and many continue to do so at every public opportunity. Interestingly, most of these same Republicans are pushing to reduce taxes on the wealthy by 30 percent, while demanding a reduction of the nations debt burden by cutting or eventually eliminating Social Security, Medicare and other programs that help working families, the poor and the elderly. If I recall my Bible studies, Jesus threw the money changers from the temple and gave loaves and fishes, not to mention love and hope, to the poor not the other way around. So it seems for many important Republican figures, hypocrisy is the new Christianity.
WASHINGTON - Four prominent deficit-cutters told Congress' bipartisan super-committee on Tuesday that they should raise revenues and make major changes to expensive health programs on their way to a debt-reduction compromise that should exceed their $1.2 trillion, 10-year mandate. But in an indication of the partisan divisions that have stalled the evenly divided panel, lawmakers on the committee spent much of their time touting their own plans for mopping up red ink and sparking the economy.
... several global strategies for poverty reduction--debt relief, greater foreign aid, improved access... severe spending cuts in government programs geared toward social welfare. The devaluation of c...
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