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1 in 10 Borrows For Everyday Living Expenses

A notable survey from the AARP finds that one in ten middle-aged households gets support money from their older parents.
In the telephone survey of 1,002 adults 45 and older, nearly four in 10 said they had helped a child pay bills or expenses. Among retirees, one-third said they’d helped their children pay bills. Eight percent [...]

The Mortgage Crisis

John Stossel has some interesting thoughts about the mortgage crisis, subprime crisis, financial crisis, disaster and credit crunch.
Thoughts?
Continued here: The Mortgage Crisis

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US Trustee’s Office median income – latest table

The latest information from the us trustee’s office median income regarding median family income by family size is here. Updated for cases filed after March 17, 2008.
To find out if you qualify to file bankruptcy under Chapter 7, contact a Los Angeles bankruptcy attorney.
Credit:

Freedom and Responsibility

I was particularly taken by this opinion piece that touched on the mortgage and housing crisis. A sample interesting quote was:
With liberalized credit rules, many people with limited income could access a mortgage and choose, for the first time, if they wanted to own a home. And most of those who chose to do [...]

Bankruptcy Bill Blocked by Banks

The banks don’t want judges to re-write mortgages, saying it would raise mortgages for everyone.
Read more here: Bankruptcy Bill Blocked by Banks

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