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Economy

Allmand Law Firm
November 12, 2009 Economy, Foreclosures

Mediation In Lieu of Foreclosure?

According to an article in the Star-Telegram, some legislators are pushing mandatory mediation to resolve lender/borrower foreclosure disputes. Will it work in Dallas-Fort Worth? The article examined the case for it in Florida: "Florida's...

Credit Union Credit Cards Vs. Bank Credit Cards

According to an article in Forbes, as study conducted by the Pew Charitable Trust found that credit cards offered by credit unions may offer lower rates and cheaper fees than their bank issued counterparts....

Allmand Law Firm
November 11, 2009 Chapter 11 Bankruptcy, Economy

Ford Bankruptcy A Better Deal?

According to an article in the Star-Telegram, workers have rejected contract changes that would have allowed Ford Motor Co. to cut labor costs and remain competitive with Chrysler and GM, both of which recently...

Allmand Law Firm
November 6, 2009 Economy

Pending Expiration Of Tax Credit Causes Home Sales To Slow

According to an article in the Dallas Morning News, the Commerce Department reported that new home sales have dropped in September by 3.6 percent.  Some analysts expect that the drop off in sales is...

Allmand Law Firm
November 5, 2009 Economy

Recession Straining More Marriages

Even under the best of circumstances, things happen that can strain the best of marriages.  The recession hasn't helped the strain.   Most news reports focus on debt relief as some type of numbers game...what...

Allmand Law Firm
October 27, 2009 Economy

No Cost Of Living Increase For 50 Million Social Security Recipients

According to an article in the Dallas Morning News, over 50 million Social Security recipients, many facing foreclosure and bankruptcy, will not receive a cost of living increase for the first time since cost...

Allmand Law Firm
October 22, 2009 Economy

Is Your Credit Card Under New Management? What You Need To Know

This financial crisis has brought on a slew of bank failures, credit card divestment and general changes to the lending landscape.  Already, 2009 has seen nearly 100 bank failures and numerous acquisitions and sales...