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Blog Posts in September, 2010

Foreclosures Cause Decrease in Utah Home Sales

In the state of Utah, statistics are showing that there has been an increase in the year-over-year drop in existing home sales. In fact, home sales in Salt Lake County during the month of August ...
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Blockbuster Moves Forward with Filing for Bankruptcy and Netflix Shares Rise

This week, Reuters reported that shares in Netflix reached an all-time high. Many speculate that the rise in shares was attributed to the fact that the company's major competitor, Blockbuster, filed ...
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Blockbuster CFO Resigns

This week, it was announced that Blockbuster's CFO for the past three years, Thomas Casey, has resigned his position. According to Businessweek, the resignation was agreed upon by the company and ...
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Atlanta Republican Cadidate Says He Will not File for Bankruptcy

In Atlanta, Republican candidate Nathan Deal recently addressed his financial issues that left him with $2 million in debt. Despite his large amount of debt, Deal said he refuses to file for ...
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Judge Rejects Claim by Federal Deposit Insurance Corp

Last year, Federal Deposit Insurance Corp. was seized by banking regulators. Now, a federal judge has rejected the company's claim that it is owed more than $900 million from its former parent, ...
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Bankruptcy Filings Increase by 20% in the U.S. in 2010

This past year, the Administrative Office of U.S. Court reported that bankruptcy filings in the country increased by 20%. Between June 2009 and June 2010, 1.5 million people filed for bankruptcy. Last ...
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Bankruptcy Filings Drop by 8% in August

A new report by the American Bankruptcy Institute shows that the number of personal bankruptcies filed in August decreased. The report shows that consumer bankruptcy filings fell by 8% to 127,028 ...
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Giudices in More Trouble over Bankruptcy Filing

This week, multiple news sources are stating that Teresa Giudice (of the Housewives of New Jersey) and her husband Joe are in a lot of trouble. Earlier this year, the couple filed for bankruptcy and ...
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