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J Schipper's Articles in Finance

  • Bankruptcy-Chapter 13 Or Chapter 7?
    The main purpose of bankruptcy laws is to give people hopelessly overburdened with debt a financial fresh start. Bankruptcy filings are public records. However, under normal circumstances, no one will know about the bankruptcy. Credit Bureaus will maintain a record of the bankruptcy and it will remain on the credit record for 10 years.

    The most common reasons for bankruptcy filings are unemploy
  • Why The Rich Can Make You Rich
    If you want to share in the riches of America's wealthiest citizens, it may be an excellent financial policy to buy shares in the companies that cater to society's upper income tier, Citigroup Smith Barney suggests.

    The brokerage firm gave this advice based on findings showing that the richest of the rich, who earn an average $302,000 (U.S.) or more per year, take up a disproportionately large
  • Home Equity Scams For You?
    A home is the most expensive investment most people will ever own. For cash-strapped homeowners a home equity loan is a temptingly easy way to get cash. However, some home equity lenders are dishonest, and gullible consumers are at risk of losing their biggest asset. Borrowers should be wary of unscrupulous lenders and their scams to avoid losing their homes.

    Financially unsophisticated homeown
  • The Shift In The Economy
    Many of the jobs in President Bush's "recovery" are low-wage, low-benefit service and retail jobs. The overall growth in jobs masks a harsher reality for families trying to maintain or build a middle class standard of living.

    Key among them: debt coupled with paycheck paralysis.

    Most people coming out of college with or without a degree are starting life off with about $20,000 in debt trying

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