Recently, a radioactive waste-treatment center filed for Chapter 7 bankruptcy. Fortunately, the plant isn't in Alabama because according to the Chapter 7 petition that was filed, in addition to between $10 million and $50 million in debt, the company also has one million pounds of waste that needs to be handled.
The recession has taken a toll on many individuals and families in Alabama and across the U.S. With high unemployment, slow job growth and consumers carrying a large amount of debt, it has been a difficult road for many. Things seem to be looking up a bit, and the decreased credit card delinquency rate is a sign of this.
These days you don't have to look far to find someone who is struggling financially. Many people in Alabama and across the nation are experiencing financial difficulties. According to a recent report 1.21 to 1.25 million Americans will file for bankruptcy this year.
Credit card debt can turn your life upside down. Unfortunately, mistakes made by credit agencies can do the same. When consumers request credit reports they are asked for information including name, social security number, birth date and address. However, when creditors ask for reports, an exact match is not necessary. Credit report errors can cause extreme hardships for individuals in Alabama and nationwide.
The economic downturn has had a negative effect on many people in Alabama and across the U.S. From credit card debt to unpaid mortgage payments, the recession has made it difficult for many families to stay afloat. For some individuals and families, Chapter 7 Bankruptcy is an option that can help them to get back on track.