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Do you know who your insurer is? This is neither a trick question, nor a bungling of the famous 1970s parenting PSA. Rather, it’s an honest question that I’d hazard to guess a large segment of the 100 million consumers under the Blue Cross and Blue Shield umbrella would be unable to answer due to the confusing corporate structure behind this association.

I mean, do you know the difference between Anthem Blue Cross Blue Shield, Blue Cross Blue Shield, Blue Cross Blue Shield of Illinois, Premera Blue Cross Blue Shield, and Blue Cross Blue Shield of Nebraska? Probably not, but don’t feel bad.

You see, the aforementioned names all denote distinct insurance companies who operate in different states yet are all under the umbrella of the Blue Cross and Blue Shield Association, which was formed in 1982 and is altogether comprised of 38 independently operated insurance providers as well as a federal employee program.

The independent providers operating under this overarching association use an exceedingly confusing naming convention filled with a hodgepodge of “blues,” “crosses,” “shields,” and company names in order to create a national brand for products offered by 38 different companies.

Such an approach works fine for physical products, as no matter where you buy a Pepsi, for example, it’s going to be a Pepsi, and you know that the buck eventually stops with PepsiCo. However, the most i

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Author’s Bio : The following article is by Sophie Kinsella, a Contributing Columnist for OVLG. She has completed her graduation in Finance and is currently working with an investment firm in California. She basically focuses on OVLG’s brand reputation and prepares ovlg reviews and press releases.

According to the recent report, most of the Americans carry a minimum of $8,000 in case of unsecured debt. It becomes difficult to pay off the debt amount with less than $50,000 income in a year. As such, there are many people who choose bankruptcy as the solution to their financial problem. But, before that it is important for you to know what an unsecured debt actually is and what will happen to this debt when you choose to file bankruptcy for it.

Unsecured debt is a debt in which you do not have to keep anything as security against your debt amount. This means that the creditor cannot take away your property at any cost for the sake of repaying your outstanding debts. D Read more…

A recent plan submitted by Lehman Brothers Holdings Inc. is garnering greater support than their previous bankruptcy exiting plan.  The revised reorganization plan proposes giving creditors 21.1 cents to the dollar as opposed to the 21.4 cents proposed in the previous plan.

The new plan is believed to give less to bondholders and more to banks and hedge funds.  Lehman has approximately $325 billion in claims from creditors and has acquired around $65 billion in assets since their bankruptcy filing.

Lehman Brothers filed for bankruptcy in September 2008.  The filing is the largest bankruptcy filing in the history of the United States.

If you or someone you know is considering filing for bankruptcy protection, contact the Birmingham personal bankruptcy lawyers of Greenway Law, LLC at 205-324-4000 to discuss your situation with an experienced and compassionate bankruptcy attorney.

A federal watchdog is fuming after a top law firm kept the clock running in the bankruptcy case of Beacon Power Corp., whose finances drained even further when it paid out $23,000 in bonuses to its employees.

The U.S. Department of Justice is protesting Brown Rudnick’s legal tab of nearly $498,000 for work it did in January, when Beacon Power was looking for buyers for its flagship electricity storage plant outside Albany, N.Y. That plant, which takes excess electrical energy from the grid and stores it until power companies want to use it later on, was built using a $43 million Department of Energy-backed loan from a program funded by President Barack Obama’s stimulus package.

The agency said that Brown Rudnick attorneys continued to work furiously that month—as measured by 786.8 hours of work spread among 26 lawyers—even though it was clear that there wouldn’t be enough money left over from the plant’s sale money to pay even the fees accrued in the Chapter 11 case. At a Decemb

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It’s an oft repeated question these days: who needs a corporate blog these days? There are better ways to grab eyeballs, generate a buzz and basically let your brand interact with your customers; Facebook with all its apps and the ‘like’ feature, Twitter’s short and sweet one-line updates, LinkedIn with its professional look appealing especially to B2B marketers.

The fact that most organizations already have a presence on most of these networks also lends credence to these newly emerging notions. A recent study indicated the following:

• 74 percent of companies maintain a Facebook page
• 73 percent of business organizations have a presence on LinkedIn.
• 64 percent are using Twitter

These figures lend support to the argument that since your garden variety corporate blog needs support from Facebook and Twitter anyway to generate traffic, why not rely on these alone?

Given the amount of effort that goes into turning out a well-written, relevant blog that is regularly updated, such sentiments are understandable. And ther

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Now a major California city reports it has asked for counseling about how to handle its financial dilemma.

It was described as looming “insolvency” – the headline from the LA Times gave the specifics as: “Stockton council weighs plan to forestall citys insolvency.”

There’s always the option of filing for bankruptcy protection, but first they sort out who and how much they are able to pay.  The next step is to develop a plan for priority payments.

One fact that has become obvious budget cuts do eventually trickle down.  Cities are not receiving the money from federal and state sources that they used to, as evidenced by these headlines:

“Unable to pay their bills, states, cities, towns and villages scramble to stay afloat”

and

“Unpaid State Bills Shift Burden to Local Governments”

Now it’s 2012 and a major California city is feeling the same fallout.

More budget cuts.  Less services that have been there to help out people already on a tight personal budget.

If you will be one of those who will feel this effect of budget cuts, now may be the time to evaluate your resources, forge a plan for debt reduction, and add a plan for income increase as well.

Financial Freedom Law focuses on Chapter 7 and Chapter 13 debt relief and invites anyone who is spending too much time dealing with creditors, and not enough time dealing with the next steps to financial recovery, to call or email to discuss your individual circumstances.

The latest in a series of chapter 11 bankruptcy filings related to professional sports franchises was filed on Thursday in the Eastern District of California bankruptcy court in Sacramento.  Cura Financial, LLC of Capitola, California filed an involuntary chapter 11 petition against an entity named Kings Professional Basketball Club, asserting its interest as that of a general partner.  No other alleged creditors or partners of  Kings Professional Basketball Club are listed on the involuntary petition (a copy of which is embedded below).  As laid out below, it appears that Kings Professional Basketball Club is a legal entity which is a minority owner of the Sacramento Kings.
Sacramento Kings Involuntary Chapter 11 Bankruptcy Petition

While the name of the entity suggests that the involuntary petition has been filed against the legal entity which owns the Sacramento Kings franchise of the National Basketball Association (NBA), it appears to actually be an entity which owns 7.06% of the legal entity that owns the Sacramento Kings.  Var Read more…

In the face of growing income inequality and big budget deficits, some political leaders and commentators are showing a growing interest in raising taxes on the rich. But the ideas on the table would have very different results.

The Tax Policy Center has looked at several plans, including the 28 percent limit on the tax savings from itemized deductions that President Obama has proposed and a minimum 30 percent tax rate on households earning over $1 million. Obama has endorsed this “Buffett rule,” although he has not proposed a specific version. TPC also analyzed a 21 percent effective minimum tax that would phase in for couples with income over $250,000 ($200,000 for singles). This EMT is similar to the Buffett rule, but would apply a lower minimum tax rate beginning at a lower income level. Both the Buffett rule and the EMT would be imposed on top of the current alternative minimum tax.

Relative to TPC’s current policy baseline, which assumes the 2001-2010 tax cuts and the AMT patch are extended, the version of the Buffett rule proposed by Sen. Sheld

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We’ve heard from many of you about concerns about TurboTax adverting. We have investigated multiple reports that TurboTax ads recently ran on the Rush Limbaugh show. We have  confirmed that TurboTax ads did not air on the Rush Limbaugh show on Friday, Mar. 2 and Mon. Mar. 5, in accordance with our media buying guidelines.

We believe that TurboTax has been erroneously included in a list of advertisers because we do advertise on other Clear Channel Network programs. We take every possible step  to ensure our media buying guidelines are fully enforced.

If you heard first-hand, a TurboTax ad, please let us know the date, time, city and station so we can immediately investigate.