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  • Sears Sales Slide 11.5 Percent - Who will be last man standing?

    Sears stores still losing ground, despite cost-cutting efforts, the Wall Street Journal reports. Gone: Montgomery Wards, Mervyns, Circuit City, Macys.
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  • Does the IRS have a Heart?

    While taking money early from a workplace retirement plan is generally a no-no, victims of Hurricane Harvey now have that option. The Internal Revenue Service last week that 401(k) plans and similar plans may permit participants to take loans against their accounts or make hardship withdrawals if they or family members have been affected by the flooding and destruction from Hurricane Harvey. ...
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  • Payment Plans Now Available For Chapter 7 Bankruptcies

    One problem many of our bankruptcy clients have had is figuring out how to pay their attorney fees to us so we can file their bankruptcy. We now have a process where for a slightly higher fee, we can file your chapter 7 bankruptcy for as little as $200 plus the court filing fee of $335, with the remainder of the fees paid over the next 12 months. These payments you make will be reported to the ...
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  • Law Suit Against McDonald's - Again

    Everyone remembers the famous lawsuit where McDonalds was sued over the spilled cup of hot coffee. Well now, one man is questioning the value of McDonald’s combo deals in court. A Des Plaines, Ill. man has filed a consumer fraud class action suit against a Chicago-area McDonald’s franchisee’s pricing of value meals, the Cook County Register reported. The suit says that the pricing of the “Extra ...
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  • New Year Windfall

    The Federal Trade Commission (FTC) announced Dec. 8 that it will provide more than $88 million in refunds to roughly 2.7 million AT&T consumers. These consumers allegedly had third-party charges added to their mobile bills without consent – a tactic known as “cramming” in the telecommunications industry. Now I see why their ads say they can charge less than Verizon.
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  • Attorney General gets the Gorillas

    Arizona Attorney General Mark Brnovich announced Oct. 14 that the Pima County Superior Court has found 3 Gorillas Moving and Storage LLC in violation of the Arizona Consumer Fraud Act. The court ordered the company to pay more than $17,000 in consumer restitution. 3 Gorillas Moving was owned and operated by Troy Emerson. Emerson purportedly misrepresented to some of his consumers that his company ...
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  • Just Sue them Some where

    VW is being sued on the emission cheating scandal. Now they want to move the trial to Germany. If you hurt Americans, keep it here.
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  • Cities File Bankruptcy Too!

    After four long, painful years, San Bernardino will soon emerge from bankruptcy with a plan to pay its creditors. Hooray.
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  • Transunion and Equifax Fined for Deceit in Credit Reporting

    A U.S. regulator on Tuesday ordered credit reporting agencies TransUnion ( TRU.N ) and Equifax Inc ( EFX.N ) to pay more than $23.2 million in fines and restitution for deceiving consumers about the usefulness and cost of credit scores they bought. The U.S. Consumer Financial Protection Bureau said the payments also resolve charges that TransUnion and Equifax lured consumers into enrolling in ...
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  • The Importance of Honesty When Filing for Bankruptcy

    When filing for bankruptcy , some people get the notion that they must do whatever they can to protect and preserve their finances and assets, including lying. It should go without saying but falsifying a bankruptcy filing is not the best idea, or even a good idea at all. The bankruptcy court is thorough, looking under every metaphorical stone for money and valuables. If you are anything less than ...
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  • What is Going On with Sports Authority?

    If you liked to shop at Sports Authority for apparel and equipment, you will need to act fast to catch any more last-minute liquidation sales. In late June, U.K. sporting goods retailer Sports Direct International PLC entered talks with Modell’s Sporting Goods about a potential deal to acquire as many as 200 Sports Authority stores out of the retailer’s bankruptcy , which was filed in March. By ...
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  • Arizona Power Plant Operator Sundevil Power Files for Bankruptcy

    Here's a reorganization case striking close to home. Sundevil Holdings LLC, which operates two gas-fired power plants in Gila Bend, Arizona filed for Chapter 11 protection, Reuters reported. The company, owned by private equity firm Wayzata Investment Partners, listed $100 million to $500 million of both assets and liabilities in its filing with the U.S. Bankruptcy Court in Wilmington, Del. The ...
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  • Company Accused of Preying on Student Loan Borrowers Files for Bankruptcy

    Here's a problem I am seeing more and more of as student loans skyrocket. As reported in the ABI Journal, Student Aid Center Inc. filed for bankruptcy last week, claiming between $500,001 and $1 million in assets and between $1,000,001 and $10 million in estimated liabilities, MarketWatch.com reported on Friday. The company is part of a burgeoning industry of student debt-relief firms that ...
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  • 50 Cent Says Bankruptcy Plan Would Be Like Indentured Servitude

    ​Bankrupt rapper 50 Cent says the debt-repayment proposal up for review by a judge later this week would subject him to a form of modern-day indentured servitude, the Wall Street Journal ’s Bankruptcy Beat blog reported yesterday. In court papers, lawyers for 50 Cent, whose real name is Curtis James Jackson III, argued the proposal would force the 40-year-old entertainer to turn over all of the ...
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  • What is the homestead exemption in an Arizona bankruptcy?

    When filing for bankruptcy in Arizona, there are many factors that will be worrisome with the entire process. One is which bankruptcy exemptions are available to retain certain assets as the process moves forward. It is important to understand the homestead exemption and what it entails. In general, a homestead is a dwelling in which the land and buildings are occupied by the owner. The homestead ...
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