Our office has helped thousands of people file under the new bankruptcy code and keep their most valuable assets - their house, car and personal belongings.

NEWS: Attention CLEARFIELD clients! We have MOVED to 1214 South 2nd Street, Clearfield, PA 16830 Click Here for more details

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Bankruptcy Filings Ticked Up Last Month Click Here for more story

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Borders' Bankruptcy Shakes Industry Click Here for more story

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New Questions Raised in Mortgage Financing

Banks have been fighting with disgruntled bond investors and insurers for months, arguing that they do not need to buy back soured mortgages they placed inside securities before the financial crisis.
Now, it turns out, some of those banks may have secretly collected partial payments on those same mortgages several years ago and pocketed that money. Click Here for more story

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ESTIMATED INCOME MAY NOW BE ADDED TO CONSUMER'S CREDIT FILE
Beginning in February, 2010, the credit bureaus will make available their estimate of your income, based on a statistical analysis of various databases. The Federal Reserve has issued final rules that requires credit card issuers to consider the credit applicant's current income or assets or current debt before issuing credit. Mortgage borrowers will need to supply income tax information or fill out IRS Form 4506-T that allows the IRS to release income data to the lender. Click Here for more story

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722 Poll Results:
What do you find is the # 1 reason people file for bankruptcy?
68% chose unemployment as the top reason.
4% chose high medical bills, while 29% selected other reasons.

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Banks Lose Pivotal Massachusetts Foreclosure Case
The state Supreme Judicial Court yesterday upheld a judge's decision saying two foreclosures were invalid because the banks didn’t prove they owned the mortgages, which he said were transferred into two mortgage-backed trusts without the recipients' being named.
Joshua Rosner, an analyst at the New York-based research firm Graham Fisher & Co., called the decision "a landmark ruling" showing that at least in Massachusetts a mortgage "must name the assignee to be valid."
Click Here for more story

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U.S. CITIES & STATES FACE BANKRUPTCY IN 2011

Despite U.S. President Barack Obama's argument that the U.S. economy is "past the crisis point," more U.S. cities and even some states actually are facing bankruptcy in 2011 if they can not find out a way to balance the budget.
According to the Dec. issue of Business Insider, at least 16 cities in the U.S. would have to declare bankruptcy if they can not find new revenues and don't make deep spending cuts Click Here for more story

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AS FIRST BABY BOOMERS RETIRE - MANY FACING FINANCIAL DISASTER
Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they're hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. Click here for more story.

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Bankruptcy rescues the Major League Baseball team Texas Rangers, they're set ror $100 Million Payoff. They filed Bankruptcy in 2010, & in the same year defeated the New York Yankees for the American League title.

Click Here for more story

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