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Orange County Choppers Division Files Chapter 7 Bankruptcy

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In another case which just shows that chapter 7 bankruptcy is an appropriate solution for many, Orange County Choppers Merchandising, owned by Paul Teutul, Sr. has filed for chapter 7 bankruptcy protection on January 21, 2013. Orange County Choppers became famous primarily to the Discovery television show that father and son as they grew the business from a basement enterprise ... Read More »

Reader Expresses Concerns About National Business Capital Mailer

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A reader sent in a copy of a mailer they received from National Business Capital and wanted to share it with others. As you can see the mailer promises the company has been qualified for a line of business credit. They advertise the business will receive a check book and will be free to write separate drafts as needed. No ... Read More »

Small Business Debt Relief Program Fax – Burn It, Pitch It, Avoid It

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A tipster (send in your tips here) sent in a copy of a fax they recently received from the Small Business Debt Relief Program. Let’s call this for what it appears on face value, probably an advance fee debt settlement sales job. The fact this was sent out to small businesses clearly indicates this is an advertising piece to sell ... Read More »

Brookstone Law Sues Better Business Bureau Over “Pay to Play” Grading System

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Brookstone Law out of Newport Beach, California has just filed suit against the Better Business Bureau of the Southland and the parent Council of Better Business Bureaus. One can only suppose this is over the F rating the BBB gives Brookstone Law. According to the BBB, Brookstone Law was an accredited member but their accredidation was revoked on May 23, ... Read More »

FTC Crackdown on Get Rich Quick, Work From Home, and Biz Op Schemes, Sends Message

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Who thinks screwing consumers is a smart thing to do. Only the scammers. The Federal Trade Commission is concentrating efforts to protect consumers from fraudulent business opportunity programs and stomping on some of them very hard. As part of a coordinated attack on deceptive or bogus business opportunity programs, stated and federal agencies have been participating in Operation Lost Opportunity. ... Read More »

TIP: Don’t Use University Credit Card to Pay for Strip Club

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In what certainly feels like the most obvious advice possible, the Missouri athletics department didn’t get the memo. Michael Schumacher, the director of video operation, apparently used the university credit card to visit the “only Vegas strip club on the Strip.” It wasn’t so much the rum and coke that tripped him up, but probably the $2,000 tip on a ... Read More »

Rich Dad, Poor Dad, Robert Kiyosaki Company Files Chapter 7 Bankruptcy

In this age of people still claiming bankruptcy has some sort of stigma, you’ve got to winder why it’s a smart move for companies but a perceived bad move for consumers. Recently, Robert Kiyoskai, the author of the Rich Dad, Poor Dad series found that for one of his companies, bankruptcy made sense. According to reports, Kiyosaki’s company, Rich Global, ... Read More »

Hi Steve Im Interested in Starting a Similar Service, Could you offer me some advice!

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Hi Steve?, I am 27 yo and have a very high level of intelligence, or so I am told. However in today’s economy its just too hard to find any work out there. I am am for-most concerned about financial gain. I am well versed in I.T, web design etc.. also learning to use Linux. I have limited start-up capital, ... Read More »

Jackson Hewitt Tax Services Sheds Overhead. Files for Bankruptcy Protection.

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Bankruptcy happens to a lot of people. Corporations use it as a smart move in tough times. Today, Jackson Hewitt, the second largest tax preparation company, filed for bankruptcy protection. The largest credit, Bayside Capital, is expected to take over the company. Unsecured creditors should have no funds available for distribution but the company expects to remain in the tax ... Read More »

Is Your Business or Life A Debt Trap? Or Is Your Optimism Keeping You Poor?

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The following guest post was contributed by by Neal Frankle, Certified Financial Planner in Los Angeles. He blogs at WealthPilgrim.com If you would like to contribute a guest post, click here. Ed, a friend of mine just lost his house and his business. It happened because he was too optimistic. And as you’ll see, even if you own a thriving ... Read More »

Google Panda Update Creates Literal Financial Tsunami for Many Websites That Wreaks Havoc

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In an effort to clean up it’s search listings after being criticized for too much crap being presented to users, it appears that the best efforts by Google have significantly impacted many good web based companies in a negative way. Not only have the sites lost a significant amount of traffic and revenue but after only a week since the ... Read More »

Strippers and Money Management

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For years I’ve wanted to do an article about someone from the adult entertainment industry and money problems or money management. I always thought it was a good way to put the universal issue of money into context that we all have to deal with money, credit and debt. While I know that some people would have rushed out to ... Read More »

DirectBuy Sued by West Virginia AG for Deceptive Sales Practices

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I’ve written about DirectBuy before the the trouble some have had in getting out of their memberships. Now the WV has sued DirectBuy for deceptive practices. Attorney General Darrell McGraw recently filed suit in the Circuit Court of Kanawha County against DirectBuy, Inc., headquartered in Merrillville, Indiana, and its local franchise, DirectBuy of Charleston-Huntington, and its President Timothy Parker for ... Read More »

Watch Out for Small Business Credit Cards

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Small business credit cards are not as innocent as you would want to believe. Here is a story about these cards from our friends at MoneyTalksNews.com This post comes from partner site lowcards.com. Contrary to popular belief, the new CARD Act provisions do not apply to all types of credit cards. Only consumer cards. The old policies for interest rates ... Read More »

Workers Warned About Company Credit Card Debt

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Last year, employees charged $140 billion on their company credit cards. If the company goes under or doesn’t pay, the cardholder could be forced to pay the balance. According to RPMG research, 35 percent of corporate cards have individual or joint liability arrangements where the employee is responsible for the debt. Surprisingly, large companies are the most likely to make ... Read More »

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