Archive for August, 2009

How does a recession hurt the airline industry?

Wednesday, August 26th, 2009
recession
Clinton asked:


I just recently landed my dream job with a major airline as an aircraft technician…I don’t start my first day of school till March and I heard that we could slide into a bad recession. Could this have a negative impact on my job?…thank you

Lucille
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What will happen after the US economic recession?

Wednesday, August 26th, 2009
recession
Kate asked:


We’re in an economic recession - high unemployment, increased cost of gas, government stimulus program, etc. I know the characteristics of being in a recession, but what happens after? I’ve read several CNN news articles, but none of them will provide me information about whats going to happen. Can someone explain … (I know it’s unsure what will exactly happen).
Will employment rate go up? Will more people want to build and buy houses? Gas prices decrease?

Lloyd
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What is a smart way to make big bucks during recession? Buy a lot of houses?

Friday, August 21st, 2009
recession
Computer18 asked:


Because I hear recession goes in cycles and prices will rise again, so is smart to buy an extra house or 2 during a recession?

Lauren
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How will a recession effect the average person?

Tuesday, August 18th, 2009
recession
originalidaho asked:


Except for the rising gas prices and maybe the cost of milk I haven’t felt too “pinched”. I’ve read about the depression but am having a difficult time understanding what kind of impact a recession will have on my life. (I was a kid in the last recession but now have four kids of my own.)

Christian
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How do precious metals do in a recession?

Wednesday, August 12th, 2009
recession
billybob asked:


With the stock market not looking so good (depending what happens tmrw and the rest of the week) I was just wondering how do precious metals tend to do during a recession? Im talking about actual bullion not stocks in the precious metal industry.

Benjamin
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How is the recession affecting people on a personal level?

Tuesday, August 11th, 2009
recession
Anam Cara asked:


What drastic changes are people making in their daily lives to cope with the effects of the recession?

Jennifer
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Creditors and Your Chapter 7 Bankruptcy

Wednesday, August 5th, 2009

Once you have filed your Chapter 7 Bankruptcy petition, collection actions against you will stop.  This means that your creditors cannot initiate or continue lawsuits, wage garnishments or telephone calls demanding payment.  Your creditors will be notified of your bankruptcy case by the court clerk.  About 30 days after your petition is filed, there will be a meeting of creditors and you will be asked questions.  A court date will be set and the chapter 7 discharge will release you from personal liability for most of your debts.  This ruling will prevent your creditors from being able to take any collection actions against you for the debts owed to them. 

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Posted in Finance :: Mortgage & Debt | No Comments »