bankruptcy

Could Your City Go Bankrupt?

Posted 15 weeks 4 days ago by Xin Lu

Personal Finance, Lifestyle, Real Estate and Housing, Consumer Affairs

I never knew that cities in America could file for bankruptcy until recently a Northern California city named Vallejo made the news for being on the edge of bankruptcy. So how does this happen, and what happens to a bankrupt city or municipality?

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Credit Counseling: When you Need it and When you Don't

Posted 17 weeks 4 days ago by Nora Dunn

Budgeting, Credit Cards

So you are up to your eyeballs. Drowning in debt, expenses, and struggling to keep your head above water. You have been reduced to the life of a monk and are still making no headway. Is it time to see a credit counselor?

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Bankruptcy is a good thing

Posted 20 weeks 2 days ago by Philip Brewer

Personal Finance

I don't mean that declaring bankruptcy is a good thing--obviously that sucks for everyone involved. But a system of bankruptcy is a good thing. It's good for creditors and debtors, and it's good for the economy.

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