Archive for the ‘Bankruptcy Help Articles’ Category
Even Elmo Knows to Save His Money
For the first time since its initial PBS airing on November 10, 1969, Sesame Street, the iconic children’s educational/entertainment television show, real money is shown being used. Elmo, the furry, red lovable monster, interacts with other denizens in the neighborhood, human and otherwise, to discover how best to spend and save his money.
“For Me, for You, for Later”, “Elmo’s Three Jars”, “Learning to Wait”, “Helping Others”, “Making Choices”, “Job Song” and “Learning to Save” are colorful, fun, non-threatening videos introducing young children to the ways of sound financial management. A mayonnaise jar with a slit cut into its cap substitutes for an IRA but the message remains, deferring some spending and making calculated choices when spending is appropriate makes for fiscal responsibility and a happier life.
“For Me, for You, for Later: First Steps to Spending, Sharing, and Saving”, is a bilingual multimedia program created to help families share experiences in developing financial basics that will impact their children now and in the future, touts the Sesame Street website www.sesamestreet.org. Who knew that, back in the 70’s, Ses
The Chicago area has the eighth-highest negative-equity rate among the top 25 largest cities in the United States, with 45.7% of homes carrying debt now underwater, according to Zillow, Inc., the Seattle-based company that tracks the residential property market.That is up from 38.6% in the last quarter of 2010 and 31.8% fourth quarter 2009. Over four of 10 homes with debt in the Windy City are currently worth less than their mortgages reports an article on www.chicagorealestatedaily.com .In comparison, 28.4% of homes across the country with mortgages have negative-equity, up from 27% in fourth quarter 2010 and 23.3% fourth quarter 2009, reports Zillow.The three U.S. cities with the highest home negative-equity are Phoenix, which ranked first at 68.4%, Tampa, at 59.8%, and Atlanta, at 55.7%. The cities with the lowest percentage of negative-equity homes are Pittsburgh, with 6.8%, Boston at 16.9% and New York City, at 17.1%. If your family is struggling with everyday financial difficulties or if you are facing possible foreclosure of your home, filing Chapter 7 or Chapter 13 personal bankruptcy could help you make a fresh start. Read more…
Good News if You Owe Tax Dollars
In February of this year, the IRS introduced new rules that will limit the harmful effect to your credit score should you get a lien filed against you for a tax debt.
Once upon a time , a tax lien could reduce your credit score by as much as 200 points and remain on your record for seven years. Now, however, explains Tim Chen in Money, “the IRS will grant more taxpayers so-called lien withdrawals that scrub the line blemishes from their credit report as soon as they pay the bill or enroll in an approved payment plan.”
In addition, the feds cannot file a lien unless your total unpaid taxes are over $10,000, an increase from the earlier $5,000. During this difficult economic climate, this could be a welcome relief for already cash-strapped Americans who are trying to make those frayed ends meet.
If you have been thinking about filing Chapter 7 or Chapter 13 personal bankruptcy due to the depressed economy, contact the lawyers at Legal Helpers. We are experienced and knowledgeable in the field of all aspects of personal bankruptcy protection. Cal
International Architectural Group LLC, formerly International Aluminum Corp. of Monterey Park, California, has recently filed Chapter 7 bankruptcy in the Los Angeles U.S. Bankruptcy Court. The suddenness of the filing came as somewhat of a surprise to many companies which had ongoing dealings with the firm, reports Katy Devlin on www.glassmagazine.com.Some employees of International Architectural Group, which is the parent company of United States Aluminum, International Extrusion, International Window Corp. and Raco Interior Products, said that they learned of the bankruptcy filing only the night before or on the day of. Other workers stated that they had recently been informed that the company was for sale, making the bankruptcy filing even more of a shock. Russ Mason, a British Columbia sales rep for US Aluminum stated, “’…The news came as very much a shock to employees and customers alike, as the Langley operation was performing well despite the economic situation. But it is not always easy to see the overall picture and what was going on in the U.S. opera Read more…
Rethinking Retirement Savings
Are you and your spouse pinching pennies instead of enjoying life as you near or are in retirement? Or, are you overly complacent, thinking you have enough money saved to enjoy your retirement years in relative comfort and peace of mind?
These are two all-too-common scenarios for senior citizens as they contemplate their “golden years”, according to an article in the Chicago Tribune by Gail MarksJarvis. Studies show that most Americans retire without really thinking about how much money they will need to live on during their possibly very long retirement years. She writes, “Too often they find later that taxes, inflation and unexpected living expenses are putting them in a precarious position.”
In particular, women, Hispanics, African-Americans and low-income people run a greater risk of outliving their savings. However, in reality, only about 42% of Americans, regardless of incomes, education, race or gender succeed at rationally calculating the amount of savings needed to comfortably retire.
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The city of Rockford, Illinois, about 100 miles northwest of Chicago, has seen the number of bankruptcy filings decline for the month of May 2011 over those filed in May 2010. Bankruptcy filings by both Rock River Valley businesses and residents saw a 4.5% fall over the previous year, as a slowly improving economy enabled companies and individuals to catch up on their outstanding bills.
There were 236 bankruptcy filings among Boone, Ogle, Stephenson and Winnebago counties, according to Alex Gary, reporting on www.rrstar.com, . To date for 2011, bankruptcy filings are 15.1% behind the 3,151 cases filed in 2010.
Two bankruptcies in the Rockford-area: Comprehensive Community Solutions, which provides educational services and job training to young people through its YouthBuild program, filed Chapter 11 bankruptcy reorganization with less than $50,000 in assets and over $1 million in debt and Fabricated Steel Products Inc. filed for Chapter 7 liquidation.
Parigi Enterprises L.L.C. is set to operate both the retail stores and wholesale business of Philadelphia-area children’s clothing firm, Hartstrings L.L.C., despite the company’s recent Chapter 7 bankruptcy filing.
Parigi Enterprises, a New York manufacturer purchased 23 of Hartstrings’ retail operations, wholesale business and trademark for $6.2 million, reports Maria Panaritis in the Philadelphia Inquirer. Parigi Enterprises is also a manufacturer and licensee for other children’s lines, including DKNY and Puma.
Although bankruptcy documents and securities filings indicate that Hartstrings was burdened by millions of dollars of debt to its private-equity owner, American Capital L.P., which bought Hartstrings almost ten years ago, the exact reason for the dissolution of the kiddy clothier is currently unclear.
Hartstrings began in the private home of Peggy Hart Earle in 1979 and was sold to New York investment firm, Keystone Holdings Inc., some 23 years later for an undisclosed price. Ame
Nursing Home Malnutrition and Dehydration Causes Wrongful Death of Elders
The family of an 82-year-old man is suing A nursing home for wrongful death says California Nursing Home Abuse and Neglect lawyer Steven Peck.
The complaint alleges that the elder died after suffering severe malnutrition and dehydration, which is a common complaint in Nursing homes.
The nursing home was severely understaffed just before the elder’s death, states Peck Law Group Elder Abuse Attorney Steven Peck.
Have you or someone you know become a victim of nursing home abuse or neglect? If so, contact one of our experienced Peck Law Group Nursing Home Abuse and Neglect Lawyers today toll free at 1.866.999.9085. We Will Help You!!!
Falsification of Nursing Home Records Constitutes Nursing Home Abuse and Neglect
A nursing home falsified medical records to make it seem as if their family member had been checked on more than he actually was in a recent matter handled by the Peck law Group. It was also claimed that the elder victim was suffering from malnutrition and dehydration while supposedly being cared for by nursing home staff members. All of the neglect in care was due in large part to the understaffing at the facility, caused by the owner’s drive for maximized profits.
Many of the most common signs of poor nursing home care were exhibited here: bedsores, malnutrition and dehydration, and understaffing. Of course, when employees attempt to falsify medical records at a facility, it becomes increasingly difficult to prove misconduct. It is often a real struggle to get at the truth in these situations, which is why it is vital to contact experienced Peck Law Group Nursing home lawyers to help if you or your loved one has been hurt by poor care at one of these facilities.
Have you or someone you know become a victim of nursing home abuse or neglect?