Support increasing to extend first time home owner’s tax credit.
By now, almost everyone has heard about the first time home owner’s tax credit. According to CNNMoney.com, a report by the IRS states that 1.4 million Americans have already taken advantage of the credit. The credit is equal to 10% of the new home purchase, up [...]
Debtors are given the choice between federal exemptions and local exemptions.
Among the many things to think about when considering bankruptcy, is “Which set of exemptions should you use?” The book, Personal Bankruptcy For Dummies, speaks of the choice that debtors are faced with.
The book says:
“Although bankruptcy law is generally the province of the federal government, [...]
Some cities trimming law enforcement positions to reduce costs.
According to the Denton Record-Chronicle, The Denton City Council “is poised to adopt a $28 million budget for 2009-10, a figure that represents about 3 percent less in expenditures overall compared to the adopted 2008-09 budget.” The City of Denton re-negotiated its health care insurance which resulted [...]
Reform leaders seeking to fast track reform.
You are not alone… even Congress is having trouble controlling the credit card industry. Congress thought they were doing everyone a favor when they implemented a wave of reforms designed to give consumers more protection from abusive credit practices. In the interest of fairness, Congress also gave the credit [...]
Years of unprofitability finally halts European discount carrier SkyEurope.
Imagine flying somewhere only to end up stranded at your destination, because the airline you used to get there suspended operations. This scenario turned into a reality for some SkyEurope passengers. The passengers were forced to buy tickets from other airlines in order to return home.
An article [...]
Annie Leibovitz’s already tight financial situation is being made worse by a lawsuit against her.
An article on Bloomberg.com said that celebrity photographer Annie Leibovitz may need to file for bankruptcy. Leibovitz made famous photographs such as a nude of John Lennon in a fetal position with Yoko Ono, and a nude of Demi Moore when [...]
