Tag Archives: Bankruptcy

Comparing Household Net Worth to Total Credit: U.S. Is Insolvent

Posted on March 18, 2010 by Charles Hugh Smith

Total credit in the U.S. has surpassed household net worth. We are insolvent. Total credit in the U.S. has surpassed household net worth. Without getting too fancy–even without counting the gazillion dollars of derivatives floating around, and all the off-balance … Continue reading →

Posted in Home Economics | Tagged Bankruptcy, National Debt, Net Worth, Ponzi Scheme | Leave a comment

Bankruptcy Is A Nuclear Strike On A Credit Score… Should You Push The Red Button?

Posted on March 11, 2010 by Jon Maddux

Walkaway Consequences Please consider: Snow Job: Strategic Defaults in an Era of Negative Equity As more than a million people filing bankruptcy every year learn, life continues even after their credit scores are trashed. They can still buy cars on credit. … Continue reading →

Posted in Best Of The Storm, Home Economics | Tagged Bankruptcy, Credit Scores, Foreclosures, Short Sales, Strategic Defaults, Walk Away | Leave a comment

Rising Abject Poverty

Posted on December 9, 2009 by Charles Hugh Smith

There is no simple solution to rising poverty; the answer is not centralized or top-down. Radical self-reliance works on both a personal and community level. Continue reading →

Posted in Best Of The Storm, Fresh Perspectives | Tagged Bailouts, Bankruptcy, Consumer Spending, Credit Card Debt, middle-class, National Debt, Poverty, Retirement | 1 Comment

When the Seller Is Bankrupt

Posted on December 2, 2009 by Meredith Mortgage Team

When the Seller Is Bankrupt Understand the complexities of the deal before jumping in. Fall/Winter 2009 In today’s economy, there’s a good chance you’ll come across a home seller who’s going into bankruptcy or already in it. Should you take … Continue reading →

Posted in Home Economics, Mortgage News, The Buying and Selling Process | Tagged Bankruptcy | Comments Off