Consumers With Bad Credit Could Benefit From Chicago Bankruptcy
A recent study of 100,000 people found that e-mail address says a lot about a person’s credit score. Credit Karma, a service that provides free credit scores, studied its database and found some interesting things regarding the average credit scores based on people’s e-mails.
While credit scores aren’t determined by which e-mail server you use, they can be affected by many factors. The history of making on-time payments is a big factor, as are whether you have made minimum payments, have lots of debt and other things.
Some people believe that filing for bankruptcy in Chicago will ruin a person’s credit score, but the people who need bankruptcy likely are mired in debt and haven’t seen that their credit scores are substandard as it is. If a consumer has spent years battling creditors, making minimum payments, dealing with job loss or other factors, it’s likely their credit score isn’t very good.
The good news is that bankruptcy can restore what is now in bad shape.
What Is My Redemption Period in Michigan if I Have More Than 3 Acres of Land?
As of December, 2011, the amount of acreage owned is no longer a factor in determining the length of the post-foreclosure sheriffs sale redemption period in Michigan. Prior to December, 2011, foreclosure of land more than 3 acres required a redemption period of 12 months as opposed to the 6 months required for non-abandoned property of less than 3 acres.
For residential property not used for agricultural purposes, regardless of acreage, the determining factor is the amount of indebtedness on the mortgage involved at the time of foreclosure. If the amount claimed by the bank or other entity holding the mortgage to be due at the time of foreclosure is 66 2/3% of what is owed, the redemption period is 6 months. If
Kellogg to buy Pringles; analysts praise purchase
Kellogg Co. has swooped in to buy the Pringles chip brand from Procter & Gamble for $2.7 billion after a similar deal with Diamond Foods fell apart because of reported accounting problems and an executive shakeup at Diamond.
The Battle Creek company, already the world’s largest cereal maker, said the addition of Pringles makes it the No. 2 savory snack maker worldwide behind PepsiCo Inc.’s Frito Lay. The Pringles brand will join Kellogg’s stable of snacks that include Keebler, Cheez-It and Special K Cracker Chips.
“It will be a great addition and a strong platform on which to grow,” Kellogg President and CEO John Bryant said in a Wednesday conference call.
Troubled snack food company Diamond Foods and P&G on Wednesday said they called off their $1.5 billion deal for the brand. Bryant admitted in response to a question Wednesday from an analyst that Kellogg wasn’t interested in Pringles a year ago because “It was hard to compete with the Diamond deal.”
But last week, Cincinnati-based Procter & Gamble said it was evaluating the deal and keeping all options open.
Tenth Circuit Finds Mortgage Company May Not Be Entitled to Relief From Bankruptcy Stay – Miller v. Deutsche Bank
Vincent Howard and our Riverside County foreclosure defense attorneys were interested to see a case in which a couple representing themselves fought foreclosure all the way to the Tenth U.S. Circuit Court of Appeals, and won. In Miller v. Deutsche Bank National Trust Co., Mark and Jamileh Miller were appealing from a bankruptcy court order granting relief from the automatic stay to the bank seeking to foreclose on their home. They contended that Deutsche Bank, the foreclosing entity, had not produced and could not produce a copy of the note on their home. Like many others facing foreclosure, the Millers had had their loan sold and securitized via MERS, which made the chain of ownership murky. The bankruptcy court in Colorado and the Tenth Circuit’s Bankruptcy Appellate Panel both upheld relief from the stay, but the Tenth Circuit itself reversed.
The Millers bought their home from IndyMac Bank (now OneWest and defunct for a time) in 2006.
Retail Space Users – Should You Be Concerned about the Growth of Online Shopping?
In a nutshell, no. You may have researched some of the online statistics that left you sweating. For example, Google has over 40 billion pages indexed, and the number of users online at any given point in a 24 hour period ranges from 500 million to one billion. In 2008 at the height of the economic recession, online retail sales from those users amounted to $178 billion dollars according to Geekprenuer.
Sounds like a lot, doesn’t it? One billion of anything sounds like a lot, but there are two sides to every statistic. Consider this side. If less than 200 billion dollars was spent online in 2008, then that ALSO means that less than one third of the world’s population spent even one dollar online in 2008. So what is the significance? Fewer people are buying online than you think.
The truth is that while the Internet retail business may be doing well, it is not doing well for every business. In fact according to Geekprenuer, when compared to brick and mortar businesses the Internet sales only make up 6.5% of total retail sales. In other words, stores like Amazon that are selling everything from books to groceries are still missing 93.5% of the profit margin.
Why? They don’t