Commercial lender CIT Group filed for Chapter 11 bankruptcy protection in New York court on Sunday. CIT specializes in lending to small and medium-sized businesses.

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According to the American Bankruptcy Institute, consumer bankruptcy filings totaled 1,046,449 through the first nine months of 2009. The filings for the first three-quarters of 2009 were the highest total since the 1,350,360 consumer filings through the first nine months of 2005.

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It's a page out of the book of struggling families, or families with a junked-up garage. It's a garage sale, and on Friday begins what's being billed as the Great California Garage Sale.

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If you find yourself in a position whereby you are suffering an extreme financial hardship, bankruptcy may be something which you are considering. You may have many bankruptcy questions and conserns about how the personal bankruptcy process works, such as: how to file bankruptcy, can I flle bankruptcy for free, and how does bankruptcy affect my credit score? Get the full story...

The headline in the Wall Street Journal says "US Effort to Modify Mortgages Fails." The government has worked for almost two years to get mortgage lenders to adjust mortgage terms to allow people to stay in their homes rather than to foreclose.

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On October 17, 2005 sweeping bankruptcy reform laws went into effect forever changing the rules of debt collection in this nation. Consumer advocates and the public appear to be completely unaware of the total and complete victory of the creditors under the new legislation. This article opens the door to the Trogan Horse so that consumers can prepare themselves for the worst. Get the full story...

Debt relief programs have been increasingly in the news lately, appearing as subjects in such well respected papers as the New York Times, Chicago Tribune and L.A. Times. Debt relief programs have been saving consumers millions of dollars during this current economic recession. Get the full story...

Debt Consolidation can provide you with a new beginning but it won’t eliminate all your debt within the blink of an eye. Debt consolidation can contribute to debt elimination but it is a long process that may take years. What debt consolidation can provide is a significant reduction on your expenses in terms of debt repayment and thus it can provide you with more available income for other purposes. Get the full story...

It is imperative that a person not file for personal bankruptcy until after they have fully and thoroughly considered all of the bankruptcy alternatives which exist. Personal bankruptcy should only be considered as a last resort, and only after all other bankruptcy alternatives have been considered and rejected. Get the full story...

Next time when you are approached by a debt consolidation company to help you with your debt management, check its records. Make sure they can get debt relief themselves as even the larger debt consolidation companies are filing for bankruptcy.

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The Chicago Cubs, one of the most popular sports franchises, may become the first Major League Baseball team in nearly forty years to file bankruptcy.

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General Motors completed an unusually quick exit from bankruptcy protection today with plans for building cars people are eager to buy. Once the world's largest and most powerful automaker, the new GM is now leaner and better able to compete in the world marketplace. Get the full story...