companies bankruptcy in 2008
If I file bankruptcy, will I lose my rent house. It is the only income I have.?
The house I live in, I owe $55,000 to mortgage company, $10,000 to tax loan company and $4000 to 2008 taxes. House lost value and now worth $81,000. The rental house is worth $99,200 and owe $45,000. Rent is $950 and mortgage payment is $750. It is my only income. (This economy sucks!)
Will I lose my only income?
You have to liquidate your assets. You are asking to eliminate your debt while you keep your assets and it does not work that way.
Inside the Financial Meltdown – America’s Bankrupt Banks-1 of 6
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On the Brink: Inside the Race to Stop the Collapse of the Global Financial System $2.07 New Hardcover with dust jacket… |
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A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers $13.99 One of the biggest questions of the financial crisis has not been answered until now. What happened at Lehman Brothers and why was it allowed to fail, with aftershocks that rocked the global economy? In this news-making, often astonishing book, a former Lehman Brothers Vice President gives us the straight answers—right from the belly of the beast. In A Colossal Failure of Common Sense, Larry McD… |
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The Murder of Lehman Brothers: An Insider’s Look at the Global Meltdown $1.82 The Murder of Lehman Brothers sheds light on the perfect, complex storm that led to Lehman’s collapse and the ensuing global consequences. It includes a brief history of Lehman, highlighting certain notable events, including a previous near collapse, the rise of Richard Fuld and the one-firm culture, the repeated mistakes made by providers of credit, inventing new financings—rationalizing that w… |
