So, Detroit has joined an elite group of municipalities by filing a Chapter 9 bankruptcy. And not just any bankruptcy, but, the largest bankruptcy filing in our nations history. Up until November 2012, Orange County, California held the title for the largest...
George C. Parker once said ”and if you believe that, I have a bridge to sell you..” Advertising policies seems to be: If you are naïve enough to believe them, than it’s really you own fault. And we are naïve bunch aren’t we? We assume that because we saw an ad on t.v....
In a closed meeting in Detroit recently, the Feds pledged to give poor old bankrupt Detroit $300 million !! But do not think for a minute that this is another bailout. Oh no, think of this as more of a “stimulus” payment. However, I cannot for the moment think what...
Well, it has happened. The government has decided to temporarily “shut-down” due to the lack of a new budget. And with the continuing arguments about funding and Obamacare, this shutdown, or perhaps we can call it a “show-down” stands poised to be around for some...
Time and time again, when discussing bankruptcy, I am asked if they can protect their house when they file. This is an extremely important issue to those with homes that are contemplating filing for bankruptcy protection. So lets start with the wording of the...
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