If you're new here, you may want to subscribe to my RSS feed right now, before you forget, to get the latest posts. Thanks for visiting! Adrian wrote in looking for advice. I am a 27yo male who got involved in a bad relationship with the wrong older woman. I paid for it with my mental sanity ...[Read More]

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Damn them, they went bust as I was writing this. Well fuel prices and an incredibly tight and competitive airline industry culled another victim today. The sad thing was that as of at least May 27th they were taking money from people and booking flights that are never going to fly. I understand ...[Read More]

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Frankly I’m stunned where all the bankrupts are in the UK. With fuel prices rapidly increasing, the cost of daily life getting more expensive and credit choked, how in the world are people in the UK managing to make ends meet? And you thought things were only tight in the US hum? Well the ...[Read More]

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So a quick search about MAXJet will uncover the other articles that I’ve written about MAXJet. The irony is that the airline that offered a similar service, like MAXJet, has now gone belly-up as well. Eos flew 48 seat 757s between JFK in New York and Stanstead, near London, England. The ...[Read More]

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I’m always happy to take questions so I can help. Today, Linda has sent in the following question using the online form. If you have a question, send it on in. I love to help. Linda Asks I will be 60 years old Saturday and I’ve never been more in the dark! When my mother fell ill ...[Read More]

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I love to get questions from readers. So if you have one, send it in online here. Jacques writes in to ask: Q: Aren’t today’s bankruptcy laws (courtesy Bush administration) a fierce obstacle to personal bankruptcy? A: Jacque, During my many years in Washington I did what I could to ...[Read More]

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Bankruptcy - A word that strikes shame, fear and disgust into many. So I’m this debt expert guy that helps people find solutions to difficult financial problems and you’d probably never expect me to say this but, not enough people go bankrupt. Maybe it is just that segment of the ...[Read More]

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My attachment and love for the aviation industry goes way back. I’m also a private pilot and the owner of RareAviation. So I tend to wake up and take notice when another airlines parks the craft for the last time, locks the doors and walks away. The commercial airline industry seems like ...[Read More]

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The CNN website has been running an extended series that lets you peak inside the debt situations of some American families. The continue to add more photos and profiles to their feature and it makes for some very interesting reading. Story after story is like a case study in financial ...[Read More]

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I just realized that I don’t think I’ve told you about my bankruptcy experience. It is the key to why I am so passionate about helping people with money problems. Because you see, I’ve lived through them myself, I’ve walked in your shoes, and I’ve felt the ...[Read More]

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MAXjet Update N250MY, upon landing in LAS on the 23rd of December, would not leave that night. Still to this day, this beautiful Boeing 767 sits on the apron near the international wing for all to see how management can screw up a wonderful airline and ruin the lives of hard working employees. ...[Read More]

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People who have contacted the liquidators for MAXjet have received the following email. The 341 Notice of Commencement and Proof of Claim form are attached. The POC form should be mailed to the following address: UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE MAXjet Airways, Inc. ...[Read More]

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An excellent paper “What Do We Know About Chapter 13 Personal Bankruptcy Filings?” by Wenli Li, an economic advisor and economist in the Research Department of the Federal Reserve Bank of Philadelphia, finds what we all knew. For eight years creditors in the United States paid ...[Read More]

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U.S. bankruptcies rose nearly 40% in 2007. I bet you thought I overlooked that story. Not at all. It was such an easy story to write that I just procrastinated doing it. Banks, lenders and credit card companies have received a huge benefit for all the money they paid to get bankruptcy reform ...[Read More]

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I came across the DebtKid blog and it makes for a rollercoaster read of the debt recovery process. I’m reading the most recent posting, Breaking Point, and wish I was there just to give him a hug. You see, he’s just living through the detox of bad debt right now. He feels like a ...[Read More]

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