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Economy

No Compassion For Homeowners Facing Foreclosure?

According to an article in the Star-Telegram, a Florida appeals court chastised a judge for granting extensions in a foreclosure case for compassionate reasons. The article said: "The Third District Court of Appeal ruled...

Allmand Law Firm
October 19, 2009 Economy

Has It Really Come To This?

According to an article in the Star-Telegram, many low-income residents had to receive medical treatment after thousands of people pushed and shoved for the opportunity to apply for the Homelessness Prevention and Rapid Re-Housing...

Unemployment Claims Fall Slightly But Economy Is Still On The Rocks

According to an article in the Dallas Morning News, the Labor Department announced that new claims for unemployment insurance benefits dropped last week to a seasonally adjusted 521,000. The article said: "Despite the improvement,...

Allmand Law Firm
October 5, 2009 Economy

Lessons from the Recession

We've all heard the saying that those who forget the past are doomed to repeat it.  An article in Investopedia.com highlights the most recent lessons from our recession. Lisa Smith lists five basic principles...

Allmand Law Firm
October 1, 2009 Bankruptcy Q&A, Economy

How Do I Know I Need To File Bankruptcy?

Many debtors considering bankruptcy are often hesitant because they're not sure if they have crossed the line between just struggling financially and being completely bankruptcy. Rules of thumb to follow when considering bankruptcy: If...

Allmand Law Firm
October 1, 2009 Economy

Recession Still Kicking Workers in Michigan

Bankruptcy is important source of relief as job recovery still lags I still remember the recession when Jimmy Carter was president.  I would go to the houses of family friends and literally hear parents...

Allmand Law Firm
October 1, 2009 Economy

Home Prices Decline Nationwide

According to an article in Dallas Morning News, as the foreclosure crisis presses on, home prices have continued to decline.  Nationwide, the foreclosure crisis has caused home prices to fall 13.3 percent below where...