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Chapter 9, Title 11, United States Code is a chapter of the United States Bankruptcy Code, available exclusively to municipalities and assisting them in the restructuring of their debt. On July 18, 2013, Detroit, Michigan became the largest city in the history of the United States to file for Chapter 9 bankruptcy protection.
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994.
Housing debt, which includes principal, interest, taxes and insurance, or whatever you’re paying in rent, should ideally be less than 28% of your gross income.
This overspending can result in accumulated debt. People in their twenties often prioritize instant gratification over long-term financial goals, which leads to little-to-no savings, mounting ...
It turned out, her agreement included a debt settlement clause: after making her regular payments for a set period, the company forgave the remaining balance. Quite a happy surprise, indeed.
The history of the United States debt ceiling deals with movements in the United States debt ceiling since it was created in 1917. Management of the United States public debt is an important part of the macroeconomics of the United States economy and finance system, and the debt ceiling is a limitation on the federal government's ability to manage the economy and finance system.
Even the savviest among us might feel clueless at times when it comes to debt. It's tricky -- there are many different kinds and each might require a different approach when it comes to ...
The government budget balance, also referred to as the general government balance, [1] public budget balance, or public fiscal balance, is the difference between government revenues and spending.