Los Angeles Bankruptcy Blog

….and this is after they laid off 1300 in two waves last week.

I wonder if they’ll file bankruptcy (Chapter 11) in a few months?

And just think! This is a reputable company that makes loans to quality borrowers!

Just imagine what the shady lenders are feeling!

http://www.msnbc.msn.com/id/20464621/

I’m seeing people who borrow from the credit cards to make their mortgage payments.

At some point, that strategy will stop working.

The result contributes to the defaults of credit card debt.