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November 2012 Archives

MA residents may face financial challenges with company's close

Residents of Massachusetts have probably heard from the national media that Hostess, a company which produces snack cakes like Twinkies and Ding Dongs, will likely be shutting down in the wake of a strike that hurt the company's business. Hostess is already in the midst of a Chapter 11 bankruptcy and now claims that the strike will made it impossible for the company to reorganize its business finances and survive.

Balances on credit cards increasing slowly

While Hurricane Sandy thankfully spared Massachusetts from the brunt of its wrath, this state's neighbors still struggle to recover. In addition to the obvious difficulties of coping with loss an rebuilding, a disaster can leave a person in a serious financial crisis and struggling with debt.

Massachusetts consumers seek shorter loan terms

When Massachusetts residents face financial challenges that prevent them from paying their mortgage payments on time, they may seek means other than bankruptcy in order to stop foreclosure of their homes. Before they do so, however, they should carefully weigh all of the potential consequences of bankruptcy alternatives.

Massachusetts students suffer under heavy loan debts

The student loan debt crisis garners a lot of news media attention both in Massachusetts and across the countries these days, and the readers of this blog know that we have been following this news closely. The bottom line is that while in a struggling economy many of these students need debt relief, filing for bankruptcy under the present United States laws is unlikely to discharge an oppressive student loan debt.