Investing in bankruptcy properties can result in a substantial income if you invest in the right type of property. In order to make sure you are investing in the right kind of bankruptcy properties make sure you know the local laws concerning bankruptcy properties, and what your plans are for the property. Once you become familiar with what is profitable and what is not in investing bankruptcy properties you will become much more knowledgeable of bankruptcies.
The Shift In The Economy
Many of the jobs in President Bush’s “recovery” are low-wage, low-benefit service and retail jobs. The overall growth in jobs masks a harsher reality for families trying to maintain or build a middle class standard of living.
Key among them: debt coupled with paycheck paralysis.
Most people coming out of college with or without a degree are starting life off with about $20,000 in debt trying to get a degree.
Then they try to support themselves on low wages after gett…
Are New Bankruptcy Laws Going To Help You?
There are 2 sides to the changes in bankruptcy rules. It will be a lot harder to file bankruptcy under chapter 7 and get a totally clean slate.
For businesses, relying on issuing credit, the new personal bankruptcy law is doing great, reducing personal bankruptcy claims from the thousands to double digits.(In the short run).
However, lawyers working with the actual people filing for bankruptcy say that the new law is seriously flawed because it puts more financial burd…