Blog Posts in March, 2012

Are we being counterproductice on the war on drugs(marijuana) in California ?

Are we being counterproductive on the war on on drugs in California? Should Marijuana be legal? Here are some bold facts. In 2011 California spent 9.6 billion on their prison system vs 5.7 billion on ...
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$1,036-Average Weekly Pay in Orange County

Based on recent numbers from the US Bureau of Labor Statistics, the average person in Orange County makes $1,036.00 a week. The average weekly pay for all of California was $1,051.00. The average pay ...
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Dodgers Bankruptcy: Team to be Auctioned Wednesday

Last year, Dodgers owner Frank McCourt filed for Chapter 11 bankruptcy with hopes to remain the owner of the team. However, McCourt ultimately agreed to sell the Dodgers through a court-supervised ...
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Can I Buy A Home After Filing For Bankruptcy?

Yes! Absolutely yes! When buying a home and trying to get approved for a mortgage, lenders look at your income, credit score, debt-to-income ratio and other things. What many people do not realize is ...
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Orange County Bankruptcy Filings Rise in February 2012

For the past month of February there were 1,404 bankruptcy filings in Orange County. This number rose from 1,348 filings in January, despite February being a shorter month. Compared to 2011, February ...
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California: 7th Hardest State to Make a Living

A recent report from Moneyrates.com has listed California as the 7th hardest state in the country to make a living in. The report took into consideration the average income, cost of living, state ...
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TaxMasters Files for Bankruptcy

The Houston based TaxMasters filed for Chapter 11 Bankruptcy this past Sunday. TaxMasters is well-known for its TV and radio advertisments which feature its CEO Patrick Cox. These advertisements made ...
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Wells Fargo-Nation's Biggest Bank by Market Value

Wells Fargo, a bank headquartered in San Francisco, is now the largest bank in the US, based on its stock market value. Wells Fargo's is valued at around $178 billion and is estimated to have over ...
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Lehman Brothers Bankruptcy Totals $1.6 Billion in Attorney Fees!

In September of 2008 Lehman Brothers filed for Chapter 11 bankruptcy. To date, this remains the largest bankruptcy in US history, with the company holding $691 billion in assets. The company is ...
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What is Credit Repair? Is it a Scam?

Credit repair is a way for you to work on your credit report by disputing unfavorable or inaccurate and outdated information in order to improve your credit score. Credit repair agencies offer ...
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Which Job Sectors Have the Most Layoffs for 2012?

A report by Challenger, Gray & Christmas stated that there were 51,728 layoffs nationwide in February, down from the 53,486 layoffs reported in January. (This report was mostly for large employers ...
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Orange County January 2012 Job Report

The California Employment Development Division recently released its employment figures for January 2012. The January unemployment rate for Orange County was 8%, which was an increase from December ...
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OC Gas Prices Beginning to Stabilize?

As of this week, the average price of unleaded gas in Orange County is $4.377 for regular (87), $4.475 for mid (89), and $4.571 for premium (91). Last week, prices were $4.375 (87), $4.475 (89) and ...
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How to Get Creditors to Stop Calling You Under the FDCPA

The FDCPA is the Fair Debt Collection Practices Act which protects comsumers from unlawful creditor actions. The most obvious way to stop creditors from calling you at home and work is to ask them to ...
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Nearly 102,000 OC Homes are "Underwater"

By the end of 2011, another 4,000 homes in Orange were underwater (a house is considered underwater when the amount owed on the mortgage is greater than the value of the house). With those additional ...
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What is Personal Bankruptcy?

The general purpose behind bankruptcies is to provide debt relief for individuals and businesses. The difference between a business and a personal bankruptcy lies in whose assets are in question and ...
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City of Stockton About to Become the Largest City to File for Bankruptcy?

The city of Stockton, located in Nothern California recently took the first step towards filing for bankruptcy for the city. The Stockton City Council voted to being mediation with creditors, a ...
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The Consumer Financial Protection Bureau-What's It All About?

The new Consumer Financial Protection Bureau (CFPB) has made recent headlines with the appointment of director Richard Cordray. Many people don't really now about the CFPB and the purpose of the ...
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Orange County Bankruptcy Filings Decline for January 2012

Bankruptcy filings in Orange County for January 2012 totaled 1,348. This is a 9.8% decline from 1,495 filings for January 2011. Los Angeles County saw a decline of 11.9% and Riverside/San Bernardino ...
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