Written on July 13, 2011 by Rose Ryrie
Tucson bankruptcy filings – which spiked in recent years due to tight credit, plummeting housing values and the persistently sluggish economy – may have started to level off.
Total filings in the first half of 2011, at 3,808, were 7.5 percent fewer than in the same time period last year.
Statewide, the number of bankruptcy filings has also been dropping, data from the U.S. Bankruptcy Court’s Arizona District show. There were 19,080 bankruptcy filings in Arizona during the first six months of 2011, a 7.5 percent drop compared to the first half of 2010.
The decreases come after four years of booming bankruptcy rates. Filings have roughly tripled since the onset of the recession.
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Written on July 12, 2011 by George Geoghegan
If you are having a lot of debts on each of your credit cards then you will soon need to engage in a credit card debt consolidation plan. The debt consolidation process can take a considerable amount of time. However, when you will control your debts you will be relieved. You can make most of debt consolidation loan by merging all your outstanding debts. Debt consolidation can be done by a number of ways. These ways include taking out loan, borrowing from retirement plan, borrowing of certain amount of cash against your life insurance, and credit card balance transfer.
Home Equity Loans for Debt Consolidation
Many people think to get home equity loans to consolidate their different loans. Consumers should think about different aspects of getting help from home equity loan before take out this loan.
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Written on July 12, 2011 by Rose Ryrie
Ten years ago, private equity was a nonentity in China. Today, Chang Sun, Hong Kong-based managing partner of Warburg Pincus, has heard stories of firms raising “billion-dollar funds” in several months as opposed to the more standard year and a half.
And it’s not just the upper echelon of Chinese wealth that is getting in on the act. At a panel on private equity at the recent Wharton Global Alumni Forum in San Francisco, Sun recalled a trip for a haircut when “my barber told me that he was investing in private equity and that he expected to get 20-times return on his low capital contribution to a little-known local PE firm with a total history of about 30 days.”
Stories like this are indicative of the great opportunity — and potential peril — that exists in today’s global private equity landscape.
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Written on July 12, 2011 by George Geoghegan
If you have decided to move to Dubai, you come across two options of living: either to take out a property on rent or pay actual price to purchase it. Choosing between these two options depends on two things:
- Your financial status
- Your time period of staying in Dubai
If you are a middle class person facing budget constraints Dubai rental is an excellent alternative to expensive living in Dubai. Mostly in Dubai, properties are rented out in fully serviced condition. Dubai apartments and villas offered on rent are already equipped with basic and luxurious amenities of living depending upon what price you pay for them.
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Written on July 12, 2011 by Rose Ryrie
Not too long ago banks were making loans with no down payment to people with bad credit and didn’t bother to verify their income. Prices are low! Mortgages cheap! But can you qualify?
Here are some of the new guidelines:
I have a client who had the good fortune to purchase a home in Tujunga under market – he thought he would move into the house and as he didn’t own other real estate, easily qualified (with his large down payment and 800 FICO) for a loan. Problem is, when all was said and done he decided to rent the home instead. The lender ONLY asks the borrower if you INTEND to occupy and let’s face it, life often throws us curve balls and things change. He decided Full article…
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