The Washington Mutual bank failure is the largest in U.S. history. WaMu filed Chapter 11 Bankruptcy in the U.S. Bankruptcy Court of Delaware. The company has listed $4.5 billion in assets, including valuable artwork. WaMu is now facing claims totaling $7.8 billion filed on behalf of shareholders, businesses, and individuals. Read more...
More than 500,000 jobs were cut in November alone. As layoffs continue, new claims for unemployment benefits are rising across the country. The rates we are witnessing now are the highest since 1982. Read more...
According to AAA Mid-Atlantic, the Philadelphia area witnessed another decline in gas prices this past weekend. Today, in five Philadelphia counties, gas prices are down an average 2 cents. Diesel in Philadelphia is down approximately 4 cents as well. South New Jersey is also witnessing lower gas prices today - down to $1.52 from $1.70…
Pennsylvania is one of few states that allow debtors to use both state and federal bankruptcy exemptions. Other states, such as Delaware, have opted-out of the federal system and do not allow debtors access to federal bankruptcy exemptions. Click here to review a list of common federal exemptions, and the maximum amount allowed per individual.…