Saturday, October 15, 2005

Bankruptcy News - Primer demystifies bankruptcy process - The Boston Globe


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Geneva, 10 October 2005 - Secretary-General's remarks at Microfinance Symposium: Investing Private Capital in Micro & (Bankruptcy News)


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[Press Release] United Nations - Oct 10 10:45 AM
Thank you very much, Jean, Mme President, Mr. Pictet, Directors-General, and dear friends. It gives me great pleasure to join you for this symposium, which is an important contribution to the cause of poverty eradication.Save to My Web

Chinese president calls for efforts to help developing countries accelerate development
People's Daily - Oct 14 8:01 PM
Chinese President Hu Jintao Saturday called for vigorous efforts to help developing countries accelerate development, in a speech at the opening ceremony of the G20 Finance Ministers and Central Bank Governors Meeting.Save to My Web

Bankruptcy filings soar
The Olympian - Oct 14 6:01 AM
WASHINGTON -- For the fourth straight week, U.S. personal-bankruptcy filings hit an all-time weekly high as consumers mired in debt rush to file before Monday, when a new law will make it tougher to get federal debt relief.Save to My Web

Leaders Nail Down Plan for Debt Relief (Bankruptcy News)


Leaders Nail Down Plan for Debt Relief
ABC News - Sep 25 1:12 PM
Financial Leaders Agree on Debt-Elimination Plan, Explore Ways to Deal With Rising Energy PricesSave to My Web

Financial leaders agree on debt-elimination plan
The Olympian - Sep 26 5:58 AM
WASHINGTON -- Financial leaders, wrapping up three days of talks Sunday, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices.Save to My Web

Founders of Nationwide Debt Elimination Scheme Charged In Forty-Six Count Indictment
[Press Release] U.S. Newswire via Yahoo! News - Sep 22 3:54 PM
The United States Attorney's Office for the Northern District of California and the FBI announced that a federal grand jury in Oakland indicted Dale Scott Heineman, 45, Kurt F. Johnson, 42, and the Dorean Group in a 46-count indictment charging mail fraud, bank fraud, and conspiracy to commit wire fraud, mail fraud and bank fraud. Save to My Web

Bankruptcy News - Financial leaders agree on debt-elimination plan, discuss rising energy prices


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WASHINGTON (CP) - World finance officials, wrapping up three days of talks on Sunday, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices.Save to My Web

Asset Protection Expert Kevin Wessell of Companies Inc. Says New Bankruptcy Laws Mean Shielding One's Assets More Than
[Press Release] PR Web - Sep 30 12:24 AM
The USA's new backruptcy laws become effective in October and asset protection and estate planning specialist Kevin Wessell, President of LA-based Companies Incorporated gives valuable advice shielding ownings. [PRWEB Sep 30, 2005]Save to My Web

Financial leaders agree on debt-elimination plan
Houston Chronicle - Sep 25 2:51 PM
Financial leaders, wrapping up three days of talks today, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices. Save to My Web

False promises target hurricane victims
The Daily Texan - Oct 04 11:57 PM
An allegedly fraudulent scheme targeting hurricane victims was shut down Saturday after Texas Attorney General Greg Abbott filed a lawsuit against its operators. The scheme involved a promise to completely eliminate debt if customers put down a $5,000 deposit up front.Save to My Web

Founders of Nationwide Debt Elimination Scheme Charged In Forty-Six Count Indictment
[Press Release] U.S. Newswire via Yahoo! News - Sep 22 3:54 PM
The United States Attorney's Office for the Northern District of California and the FBI announced that a federal grand jury in Oakland indicted Dale Scott Heineman, 45, Kurt F. Johnson, 42, and the Dorean Group in a 46-count indictment charging mail fraud, bank fraud, and conspiracy to commit wire fraud, mail fraud and bank fraud. Save to My Web

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Friday, October 14, 2005

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Financial leaders agree on debt-elimination plan
Chicago Sun-Times, United States - Sep 25, 2005 BY JEANNINE AVERSA ASSOCIATED PRESS. WASHINGTON-- Financial leaders, wrapping up three days of talks on Sunday, nailed down a landmark

Financial leaders agree on debt-elimination plan
Jerusalem Post, Israel - Sep 25, 2005 The 184-nation International Monetary Fund (IMF) and the World Bank held weekend sessions, while the world's seven biggest industrial powers met as a group on

False promises target hurricane victims
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DEBT RELIEF FOR POOR COUNTRIES
Special Broadcasting Service, Australia - Sep 25, 2005 the bank's policymaking committee. "They have demanded action, and with this debt relief agreement they have it.". In a first phase

World Bank: Debt Relief Plan Approved
New York Times, United States - Sep 25, 2005 endorsed a sweeping plan to wipe out billions in debt owed by the world's poorest countries, most of them in Africa, clearing the way for debt relief to begin

Debt relief lets Zambia boost support for farmers
Business Day, South Africa - Sep 29, 2005 Zambia plans to increase fertiliser subsidies to peasant farmers after the International Monetary Fund (IMF) last week endorsed a new debt relief programme for

Bankruptcy rush precedes new law
Minnesota Public Radio, MN - 20 hours ago So if you're out of work, and your only income stems from unemployment benefits, you might easily qualify for debt relief under Chapter 7.

Africa seeks $110 bln annually to (Bankruptcy News) beat poverty


Africa seeks $110 bln annually to beat poverty
Reuters via Yahoo! UK & Ireland News - Oct 11 6:19 AM
Africa has drawn up a $110 billion (63 billion pounds) annual investment plan to meet United Nations goals of halving poverty by 2015 and wants foreign donors to supply at least a third of the cash, a senior official said on Tuesday.Save to My Web

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Top officials suspended over the mayor's house MacLean cuts short overseas trip to rush to trio's defence By BONGANI SIQOKO THREE top city officials were suspended yesterday for their role in refurbishing the Gonubie mayoral house. The city's chief financial officer Brian Shepherd, director o...Save to My Web

Bankruptcy rush precedes new law
Minnesota Public Radio - Oct 13 3:25 PM
Critics say the law will make it extremely difficult for individuals to get out from under their debt. Proponents say the new restrictions protect against abuse of bankruptcy.Save to My Web

Migrants suffer abuse to bring home $240B
The Manila Times - Oct 06 7:56 AM
UNITED NATIONS: Nearly 200 million international migrants fuel their home countries economy by $240 billion a year and spend more than $2 trillion in their host nation, but suffer exploitation and abuse, a UN-backed report said.Save to My Web

African leaders meet to discuss G8 promises
Independent Online - Oct 04 11:23 AM
Putting promises into action - that's the task African leaders face in London as they discuss aid and debt relief offered to Africa by the world's leading nations at the G8 summit earlier this year.Save to My Web

Bankruptcy News - New Bankruptcy Law To Go Into Effect


New Bankruptcy Law To Go Into Effect
ABC 28 Lubbock - Oct 11 7:09 PM
Hundreds of people are rushing to file for bankruptcy, hoping to beat the clock on a new law that would make it harder for them to do so. "We`ve set a record for filing in our office and for filing for one month," says Lubbock attorney Bruce Magness.Save to My Web

Bankruptcy filings soar
The State - Oct 10 12:34 AM
Beating the deadlineSlammed.Save to My Web

Hard To Do: New bankruptcy rules are going to add to difficulties of people already in crisis situation
Winston-Salem Journal - Oct 09 12:07 AM
Carmine Warren had to file for bankruptcy after he got cancer and medical bills became overwhelming. He now runs his own computer-repair business. NEW YORK - Three years ago, life looked awfully bleak to Carmine Warren.Save to My Web

Bankruptcy Law Tightens Homestead Rules
WJLA-TV Washington D.C. - Oct 13 12:31 PM
MIAMI (AP) - Elona Kaplan moved to Florida 2 1/2 years ago after going through a divorce. She bought a $178,000 bayfront condo in Sunny Isles Beach, just north of here, where she hoped to start a new life.But Kaplan couldn't find a job, burned through her savings and started living off credit cards.Save to My Web

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Thursday, October 13, 2005

Bankruptcy News - Rush to beat new bankruptcy laws


Rush to beat new bankruptcy laws
New York Daily News, NY - Sep 26, 2005 17 effective date for the biggest reform in bankruptcy law in a generation, personal bankruptcy filings have jumped this month to the highest on record.

Debtors' deadline awaits on Oct. 17
DetNews.com, MI - Sep 24, 2005 Already a rush to the courthouse has begun. Nationally, 362,481 people filed for Chapter 7 personal bankruptcy in the three months ended June 30.

Wall Street Journal trims down
Sarasota Herald-Tribune, FL - Oct 12, 2005 NEW YORK -- The number of personal bankruptcy filings is soaring as the effective date nears for a new law making it harder for consumers to seek protection

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Hononegah approves 2006 budget (Bankruptcy News)


Hononegah approves 2006 budget
Beloit Daily News - Sep 22 9:23 AM
ROCKTON - The Hononegah Board of Education has approved a budget for 2006 and remain confident that the plan to emerge from deficit spending remains on track.Save to My Web

AFRICA: Slow progress towards MDGs
IRIN - Sep 13 10:52 AM
JOHANNESBURG, 13 Sep 2005 (IRIN) - Although several of the world's regions have made significant progress in achieving the UN Millennium Development Goals (MDGs), sub-Saharan Africa remains the exception, appearing to move backward rather than forward.Save to My Web

Financial leaders agree on debt-elimination plan
CNews - Sep 25 3:44 PM
WASHINGTON (CP) - World finance officials, wrapping up three days of talks on Sunday, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices.Save to My Web

Financial leaders agree on debt-elimination plan
Fairmont Sentinel - Sep 25 10:03 PM
WASHINGTON -- Financial leaders, wrapping up three days of talks on Sunday, nailed down a landmark plan to wipe out poor countries' debt and explored ways to limit the fallout from rising energy prices.Save to My Web

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Business Wire - individuals to qualify for bankruptcy protection under a Chapter 7 bankruptcy, opening the door to creditors to adopt

Law changes put pressure on debtors
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Katrina victims get bankruptcy break
CNN Money - not be able to file for what is known as Chapter 7 bankruptcy, and instead will be forced into court-ordered repayment

Impending federal bankruptcy law swamps attorneys
Daily Statesman - The reason is, under the new law, the standards change for a Chapter 7 bankruptcy,' Lawrence said

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Financial leaders agree on debt-elimination plan, discuss rising energy prices (Bankruptcy News)


Financial leaders agree on debt-elimination plan, discuss rising energy prices
Canoe Money - World Bank Group President Paul Wolfowitz, left, confers with Development Committee Chairman Trevor Manuel, South Africa's minister of finance, in Washington, Sunday. ( AP/J.

Financial leaders agree on debt elimination plan, tackle energy cost issues
Starkville Daily News - The path to complete debt relief has now been cleared,' World Bank President Paul Wolfowitz said.

Financial leaders agree on debt-elimination plan
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State stymies seminar that offered to end debt
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Personal Bankruptcy - Chapter 7, Chapter 13 and Your Credit Report. (Bankruptcy News)


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Bankruptcy News - As Deadline Looms, Bankruptcies Soar


As Deadline Looms, Bankruptcies Soar
Black Enterprise, NY - Oct 7, 2005 Those with insufficient assets or income can still file a Chapter 7 bankruptcy after the forfeiture of certain assets and have remaining debts erased entirely.

Creditors won reforms to curb bankruptcy 'abuses'
commercialappeal.com (subscription), TN - Oct 8, 2005 People with insufficient assets or income can still file a Chapter 7 bankruptcy, which erases debts entirely after certain assets are forfeited.

Bankruptcy's next chapter
Indianapolis Star, United States - Sep 25, 2005 years. Currently, any debtor whose current monthly expenses exceed monthly income can file a debt-clearing Chapter 7 bankruptcy.

People walking edge eye bankruptcy filing
Grand Junction Sentinel, CO - Sep 27, 2005 The new law says that if a debtor s income falls below the state s median income, the debtor can file for Chapter 7 bankruptcy protection without meeting

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Bankruptcy filings (Bankruptcy News) jump


Bankruptcy filings jump
Arizona Republic, AZ - Oct 4, 2005 And because lawyers will have more work to do to ensure a filer's income is below the state median to qualify for a Chapter 7 bankruptcy, legal fees are

People file for bankruptcy at record pace
Monsters and Critics.com, UK - Oct 5, 2005 17 implementation of the new law approaches, when it will be more difficult and expensive for people to wipe out their debt under Chapter 7 bankruptcy.

New law prompts flood of bankruptcies
Fort Wayne Journal Gazette, IN - Oct 9, 2005 The 51-year-old Fort Wayne woman, who requested that she be identified by only her first name, filed for Chapter 7 bankruptcy protection in September.

Bankruptcy filings near record
Albuquerque Tribune, NM - Sep 26, 2005 "This is for the average Joe.". Under the current rules, a Chapter 7 bankruptcy eliminates unsecured debts like medical and credit card bills.

Wiley::Personal Bankruptcy For Dummies (Bankruptcy News)


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KCRA.com - Money - More Senior Citizens Facing Personal Bankruptcy
More Senior Citizens Facing Personal Bankruptcy. POSTED: 2:47 pm PST March 2, 2005. UPDATED: 2:52 pm PST March 2, 2005 ... age of 78, Winifred Light is digging out of personal bankruptcy. She says she did not plan for ... 1.5 million people have filed for personal bankruptcy. And more than ever ...

Monday, October 10, 2005

TransMeridian halts flights nationwide (Bankruptcy News)


TransMeridian halts flights nationwide
AP via Florida Times-Union - The airline plans to file for Chapter 7 bankruptcy within a few days, said Frank Fraboni, a company spokesman

With bankruptcy law near, make filing decision soon
USA Today - the previous six months may be ineligible for Chapter 7 bankruptcy. If those individuals can pay at least you want to file for Chapter 7 bankruptcy before the law changes

MMI: The Bankruptcy Abuse Prevention and Consumer Protection Act; Indebted Consumers Are in for a Change
Business Wire - can now bring a motion to dismiss a Chapter 7 bankruptcy if the debtor's income is greater than would be shifted from a Chapter 7 bankruptcy to five-year repayment

Chapter 7 Bankruptcy (Bankruptcy News)


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TEACHER'S FINANCE FIRM COURTS (Bankruptcy News) BANKRUPTCY


TEACHER'S FINANCE FIRM COURTS BANKRUPTCY
Westerly Sun - Oct 07 10:58 AM
A Groton-based financial services firm headed by a Westerly schoolteacher and temporarily barred over the summer from practicing in three states has filed for Chapter 7 bankruptcy.Save to My Web

It'll soon be harder to erase your debt
Seattle Times - Oct 02 8:39 PM
The most sweeping rewrite of the U.S. Bankruptcy Code in a quarter century, making it harder for debtors to erase credit-card and other...Save to My Web

Debt-ridden rushing to file before deadline
San Francisco Chronicle - Oct 02 5:33 AM
There has been a stampede to the courthouse as debtors rush to file for bankruptcy before a new federal law takes effect Oct. 17. The new law, a decade in the making, will make it more complicated and expensive for individuals to file for Chapter 7 and Chapter 13 bankruptcy.Save to My Web

Hard To Do: New bankruptcy rules are going to add to difficulties of people already in crisis situation
Winston-Salem Journal - Oct 09 12:07 AM
Carmine Warren had to file for bankruptcy after he got cancer and medical bills became overwhelming. He now runs his own computer-repair business. NEW YORK - Three years ago, life looked awfully bleak to Carmine Warren.Save to My Web

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Bankruptcy News - Going bankrupt (and just in time)


Going bankrupt (and just in time)
Seattle Times - Oct 02 8:29 PM
File bankruptcy now, before the law changes! That's the message or exhortation that attorneys are making across the country...Save to My Web

Mission moving to meet growing needs
The Star Press - Oct 04 9:05 PM
Jim Mueller is not exactly the kind of man you would expect to find at a homeless shelter. The youthful college graduate was a design engineer for eight years, making good money, until excessive drinking landed him in jail, caused a personal bankruptcy and made him lose his family and friends.Save to My Web

New law will make bankruptcy filing harder
MENAFN - Oct 04 2:08 AM
New law will make bankruptcy filing harderSave to My Web

A Skeptic Under Pressure
Los Angeles Times via Yahoo! News - Sep 27 2:30 AM
VIENNA Ever since the Mangans gave up their comfortable house in Kansas City, Kan., and moved here a year ago, the family has been living in a kind of suspended animation.Save to My Web

Sunday, October 09, 2005

Bankruptcy News - IMF Agrees to $55 Billion in Debt Relief for Poorest Countries


IMF Agrees to $55 Billion in Debt Relief for Poorest Countries
Bloomberg.com - Sep 24 3:57 PM
Sept. 24 (Bloomberg) -- The International Monetary Fund's policymaking committee agreed to the global debt relief proposal proposed by the Group of Eight major industrialized countries.Save to My Web

Debt relief plan turns all taxpayers into debtors
Bangkok Post - 1 hour, 57 minutes ago
Prime Minister Thaksin Shinawatra is second to none when it comes to political gimmickry to boost his image and popularity.Save to My Web

New Sudanese currency to circulate by mid-2006
AlertNet - Oct 02 9:49 AM
KHARTOUM, Oct 2 (Reuters) - Sudan will introduce a new free-floating currency during the first half of 2006, Finance Minister al-Zubeir Ahmed al-Hassan said on Sunday, urging donors to help fund the $100 million cost of implementation.Save to My Web

Prepaid Home Lines a Booming Business
RedNova - Oct 03 1:47 PM
THE business of providing home phone lines to people refused connections by the likes of Telecom and TelstraClear is booming.Save to My Web

New Bankruptcy Law Likely to Hit Hurricane (Bankruptcy News) Victims Hard


New Bankruptcy Law Likely to Hit Hurricane Victims Hard
WISH, IN - Sep 30, 2005 Crutcher. Like many who lost their homes and belongings in the hurricanes, Crutcher has thought of filing for personal bankruptcy.

Floridian's retirement accounts, homes vulnerable under new
Fort Lauderdale Sun Sentinel, FL - Oct 4, 2005 About six of every 1,000 adults in South Florida -- 25,000 in the year ended last June -- filed for personal bankruptcy protection in Palm Beach, Broward and

Debtors' deadline awaits on Oct. 17
DetNews.com, MI - Sep 24, 2005 Already a rush to the courthouse has begun. Nationally, 362,481 people filed for Chapter 7 personal bankruptcy in the three months ended June 30.

Personal Bankruptcy Information from Bankruptcy Information .com (Bankruptcy News)


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Bankruptcy News - Chapter 7 bankruptcy


Chapter 7 bankruptcy
What is chapter 7 bankruptcy? Chapter 7 is the bankruptcy provision most frequently used by individuals. It involves the complete liquidation of a debtor's

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New Law Will (Bankruptcy News) Make Bankruptcy Filing Harder


New Law Will Make Bankruptcy Filing Harder
The Ledger - Oct 02 7:12 AM
Starting Oct. 17, a major reform to the nation's bankruptcy code will make it tougher for debtors to wipe out their red ink.Save to My Web

Bankruptcy filings jump
The Arizona Republic - Oct 04 10:54 PM
Nearly twice as many Arizonans filed to wipe away credit-card, medical and other debts in September than in a typical month as a major change in bankruptcy law loomed closer.Save to My Web

New Bankruptcy Amendments Restrict Consumer Bankruptcies
Queens Chronicle - Oct 06 9:15 AM
New changes to bankruptcy laws come into effect October 17th. Heavily lobbied by the banks, 30 years in the making, the primary focus of this legislation is to stamp out abuses in consumer bankruptcies.Save to My Web

What a relief (Bankruptcy News)


What a relief
San Francisco Chronicle - That's because the subject is abstruse -- debt relief -- and the audience is in the slums and farms of Bono and Bob Geldorf, made debt relief a cause celebre with huge

Ottawa tables bill to divvy up budget surpluses
Globe and Mail - The federal Liberals introduced a bill Friday that will return money to Canadians if the government's budget goes far enough into surplus. require that all unforeseen future surpluses be divided three ways, evenly, among tax cuts, debt relief and new spending

Debt relief deal for poor nations appears in sight
Reuters via Wired News - The Group of Eight nations pledged 100 percent debt relief for some of the world's poorest states at how to pay for the debt relief and whether other states should

Going bankrupt (and just in time) (Bankruptcy News)


Going bankrupt (and just in time)
Seattle Times - CHICAGO File bankruptcy now, before the law changes! bankruptcy law in a generation, personal-bankruptcy filings jumped last month to the highest on new limitations on filing for personal bankruptcy, including barring those with above

Bankruptcy: Changes in law spur surge in filings
SignOn San Diego - By Dave Carpenter ASSOCIATED PRESS September 23, 2005 CHICAGO File bankruptcy now before the law changes! bankruptcy law in a generation, personal bankruptcy filings have jumped this month to the highest on record

Bankruptcy boom expected
Lawrence Journal-World - experts say there likely will be a surge in personal bankruptcy filings along the Gulf Coast months from now, as

Law changes spur surge in bankruptcy filings
Boston Herald - By Associated PressFriday, September 23, 2005 - Updated: 04:19 PM ESTCHICAGO - File bankruptcy now - before the law changes! bankruptcy law in a generation, personal bankruptcy filings have jumped this month to the highest on record

Oct. 16 deadline inundates attorneys
Pioneer Planet - are completed in a Chapter 13 case. Personal-bankruptcy attorneys here are adding extra staffers and working through