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Bankruptcy Filings Up 25% Over Last Year, Many Consumers Struggling With Job Loss(Massachusetts)
The Patriot Ledger ^
| Jul 23, 2010
| By Jon Chesto
Posted on 07/24/2010 5:04:40 AM PDT by Son House
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The most common bankruptcy filing is Chapter 7, which can completely erase many kinds of loans.
Which means, the creditors aren't getting paid for what they've done in legitimate business transactions, "up 25%", means 25% more business won't get the revenue they've worked for, they get a bankruptcy notice instead, recovery summer? Think not, Thank a Democrat! Great economics Congress, collectively you stink!
1
posted on
07/24/2010 5:04:43 AM PDT
by
Son House
To: Son House
Example:
(the Real Housewives of New Jersey)
Six Reasons Why Teresa Giudices Bankruptcy Situation Is Appalling
http://blogs.babble.com/famecrawler/2010/07/23/six-reasons-why-teresa-giudices-bankruptcy-situation-is-appalling/
4) There are real people, real businesses getting screwed here in the process because they wont get paid. The Giudices are being let off the hook and wont have to pay for products purchased and services rendered from legitimate business people who had faith theyd be paid. The couple owes more than $33,000 on various store credit cards, $85,000 for home repairs and $91,000 for materials used to build their new home. What about the hard workers who performed the repairs?
2
posted on
07/24/2010 5:06:58 AM PDT
by
Son House
(No Scammers or Spammers CASH ONLY SALE! No coupons, IOU's, Foodstamps, Checks, etc THIS IS CASH ONLY)
To: Son House
3
posted on
07/24/2010 5:07:59 AM PDT
by
pnh102
(Regarding liberalism, always attribute to malice what you think can be explained by stupidity. - Me)
To: pnh102
4
posted on
07/24/2010 5:17:33 AM PDT
by
CommieCutter
(A Centrist Democrat is now defined as: between Socialism and Communism.)
To: Son House
Obama-lite
![](http://spitfiremurphy.files.wordpress.com/2009/10/deval-patrick-nasty3.jpg)
"Together we can't"
5
posted on
07/24/2010 5:19:21 AM PDT
by
massmike
(...So this is what happens when OJ's jury elects the president....)
To: Son House
But. Just yesterday V.P. Biden was saying that the economy has recovered! Certainly must be the fault of the bloggers.
To: Son House
7
posted on
07/24/2010 5:34:51 AM PDT
by
MeneMeneTekelUpharsin
(Freedom is the freedom to discipline yourself so others don't have to do it for you.)
To: pnh102
Hope we change Presidents..soon.
To: Son House
But...but...but......democrats are for the working man!
9
posted on
07/24/2010 5:51:39 AM PDT
by
massmike
(...So this is what happens when OJ's jury elects the president....)
To: Son House
10
posted on
07/24/2010 5:52:47 AM PDT
by
upchuck
(Our margin of victory this November MUST BE greater than their margin of fraud.)
To: Son House
So people voted for hope and change and they either had to file bankrupcty or they were screwed out of money in their business because somebody else had to. If that doesn’t motivate people to vote for a real change I don’t know what will!
To: Son House
And the Sen from Taxatusist dodges paying his fair share of taxes.
12
posted on
07/24/2010 6:04:25 AM PDT
by
GailA
(obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
To: Average Al
Well they did replace drunk ted with a Republican. Even a moderate to slightly lib one like Brown is a massive improvement over ted or kerry.
13
posted on
07/24/2010 6:06:49 AM PDT
by
Tolsti2
To: Son House
Perfect example of why small businesses are ‘pulling in their horns’. There is a serious problem with ‘loss of trust’ in this society. Right now the anger is directed toward the government. But quite a few are mad at the exact people that voted expecting ‘benefits and entitlements’. And they wonder where the jobs are!
14
posted on
07/24/2010 6:15:07 AM PDT
by
griswold3
('Regulation and law without enforcement is no law at all)
To: Tolsti2
Yep, wait until the food police come after Heinz with a class action suit for making kids fat with their sugar heavy ketchup! That would dry up his sugar moma’s pockets. The pompus bit*h!
To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; blueyon; Convert from ECUSA; dervish; ...
Richard Gottlieb, a bankruptcy lawyer in Boston, said high unemployment -- the state's jobless rate has been at 9 percent or above since September -- has made it tough for many people to make ends meet.
Aw, 9 percent, he's breakin' my heart. You know what creates jobs?!? When thousands of people living in overpriced homes in and around Boston refuse to pay their bills, declare bankruptcy, and cause banks to fail and be taken over by US taxpayers. Thanks Son House.
16
posted on
07/24/2010 6:41:14 AM PDT
by
SunkenCiv
("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
To: Son House
Relax folks according to Steny Hoyer Number two To Pelosi Yesterday speaking Before the Center for American Progress ,this is just the price we have to Pay to Build a New FOUNDATION of Great Humanitarian PROGRESSIVE policices which have Been so sucessful For Decades.
Oh yeah he also thanked John Podesta for doing a Great Job
To: Son House
Where’s the “unexpected” in the headline.
18
posted on
07/24/2010 7:24:15 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: Son House
In many situations, the Giudice’s being a prime example, the bankruptcy is merely a legal formality, as based on what I’ve seen, the creditors won’t get paid regardless...I mean, on a 70k income with millions in debt what do you think is going to happen?
The real question is how the hell did they manage to rack up that much in the first place?
19
posted on
07/24/2010 7:25:40 AM PDT
by
RockinRight
(Outrage does not make the law.)
To: Average Al
"So people voted for hope and change and they either had to file bankrupcty or they were screwed out of money in their business because somebody else had to. If that doesnt motivate people to vote for a real change I dont know what will!"Wishful thinking, I think. Bad economic times do not a Republican victory make. From what solutions the GOP has put on the table, a change would be hope replacing hope.
20
posted on
07/24/2010 7:36:14 AM PDT
by
ex-snook
("Above all things, truth beareth away the victory")
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