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Bankruptcy And Debts

Should you buy a home now and Turn off the TV

Posted by James Breen at 28 January 2008 16:53

Bankruptcy And Debts took my time away. I've been researching commercial real estate loan for a long time on and off.

I found this one on the day before yesterday, quite interesting:

The Dayton Area Board of Realtors just released some stats for 2007. Single-family home sales in Dayton area declined by almost 10 percent in 2007, but still, 2007 finished as the fourth-best year ever in terms of overall sales activity. From the Dayton Business Journal: Though home sales declined, the Dayton-area housing market bypassed the brunt of the decline that some communities across the country felt in housing sales, especially in terms of local home values, according to statistics ..ยป.

It is just getting started:

Bloomberg had two alarming stories up late last week. The first was titled "Commercial Mortgage-Bond Yield Spreads Rise Most Ever". The extra yield over benchmark Treasuries that investors demand to own top-rated commercial mortgage-backed securities rose this week by the most ever, according to a Morgan Stanley index. The average spread over similar-maturity Treasuries for AAA rated 10-year securities jumped 32 percent to 244 basis points, the index shows. The extra yield over 10-year swap ..read more.

I love the posting, I made a copy and share:

Company car schemes are good and bad. At their best, they're convenient and admin-light with car tax, MOT, servicing all someone else's problem. The flip side is that they're basically a big hole into which you drop money and have nothing to show for at the end of four years. Oh, and they give you the loan of a car to sweeten the four year payment plan! And standard commercial leases โ€“ often for much shorter period โ€“ are no better. The little yellow Mini that has been a joy to drive โ€“ and ..[More].

Because it is important for me to communicate with someone else, frequently and enthusiastically.

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Labels Avoid Bankrupcty Bankruptcy Bankruptcy Alternatives Consolidation Consolidation Loans Credit credit solutions Debt Alternatives Debt Consolidation Debt Management debt solutions Debts
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Chapter 7 Bankruptcy involves the selling off (or "liquidation") of a business' property to pay off debts. The bankruptcy process starts when the business files a petition with the bankruptcy court. The petition must list all of the business' property, debts, and recent financial history. The court will then appoint a trustee who will sell off some of the business' property to help pay the business' debts. Some debts will be discharged by the trustee, meaning that the debts will not have to be paid. Other debts are not dischargeable including recent taxes, debts in prior bankruptcy, and penalties payable to the government.


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