According to the data compiled by Automatic Access to Court Electronic Records, the numbers indicate a decrease of personal and business bankruptcy filings.
“The record for bankruptcy filings was 2.1 million in 2005. About 630,000 sought protection from creditors in U.S. courts in the two weeks before changes to federal bankruptcy laws took effect in October [...]

Troubles continue for Greece, where that country’s credit ratings have just been cut (http://www.businessweek.com/news/2010-04-22/greece-aid-fails-to-cut-downgrade-risk-moody-s-says-update2-.html ).  “Eurostat, meanwhile raised Greece’s budget deficit in 2009 to 13.6 percent of gross domestic product from its earlier prediction of 12.9 percent, while the ratio of government debt to GDP stood at 115.1 percent, the second highest in the European [...]

“At a hearing Thursday morning before the House Oversight Committee, the Treasury’s TARP chief Herb Allison will announce new protections for homeowners in the modification process who also face a pending foreclosure. The protections are designed to eliminate much of the confusion and anxiety that many homeowners deal with in these situations.”
 Here is a link: [...]

Someone lost their balance, fell and ripped a Picasso at the Met.  (I am so glad it wasn’t me….)  “The accident occurred in a second-floor gallery of early Picasso works when a patron participating in one of the museum’s art classes lost her balance and fell on the canvas, the museum said.  It happened during [...]

Did you know that there is a Congressional Oversight Committee which is assigned the grim task of overseeing TARP money?  It is headed by Elizabeth Warren, a Harvard Law Professor and prior to being a professor, a bankruptcy practitioner.  She is bright and articulate and has loudly criticized the lack of the transparency on the [...]

Greetings!  I have just set up a cool link for “instant donations” for Giles, who as you may know is running for Attorney General for the state of Alabama.  He is a great brother-in-law and Uncle, often playing the role of host for English who is in her 2nd year at the University of Alabama (Roll [...]

There is a shortage of Eggo frozen waffles.  Now I know that you can make and freeze your own pancakes and waffles, but do your kids really want those?? No.  They want what they see on TV ads – and now…they are out, due to a flood at the Eggo plant!! 
 Here is a link to [...]

The US taxpayers will not recover on the 2.3 billion in stimulus money which went to CIT – now a chapter 11 debtor.  One has to wonder why CIT did not file chapter 11 sooner, if that was where it was headed anyway and saved the country 2.3 billion in money which went to “float [...]

One enterprising student has posted an ad with the intent of hiring a personal assistant. He needs help with laundry, making his bed, and driving him to work. He is a sophomore at Georgetown and in McDonough School of Business.
Here is a link to the blog created for his ad:
http://blog.georgetownvoice.com/2009/10/16/georgetown-sophomore-seeks-personal-assistant-takes-premature-self-importance-to-whole-new-level/
Angela

“Dallas stars Linda Gray and Larry Hagman have confirmed they’ve been approached to reprise their Sue Ellen and J.R. Ewing characters for a remake of the classic 1980s soap.
TV executives at Warner Bros. are reportedly considering bringing back Dallas and focusing the new show on the TV couple’s son, John Ross, and his cousin, [...]