Articles Posted in News

Faced with over $2.5 million in debt, the Cedarville California-based Surprise Valley Health Care District filed for Chapter 9 bankruptcy protection this week. The company is the owner and operator of a 26-bed hospital named Surprise Valley Hospital, located in Modoc County and provides medical services to an estimated 1,500 people. The hospital’s board of…

The previous 24 months has been a tough one for retailers with a high brick-and-mortar footprint. No less than 21 major brand name companies with traditional retail models filed voluntary petitions for Chapter 11 bankruptcy protection under the US Bankruptcy Code breaking a record previously set in 2008 during the housing crisis. Additionally, 6,700 stores…

“A fool and his money are soon parted” is an old English proverb that some scammers take seriously during the holiday season. It seems like every Christmas new scams are concocted to separate honest people from their hard-earned cash, and this year is no different. Here are the latest Christmas scams, exposed courtesy of the…

A man serving an 18-year prison sentence after pleading guilty to wire fraud, bankruptcy fraud, and money laundering escaped from a minimum security prison in California last week and is still at large. The man, Frederick Darren Berg, who ran one of the largest Ponzi schemes in the state of Washington, was apparently able to…

California traffic fines are some of the highest in the country, so it’s not a surprise that a single speeding ticket could lead to excessive debt when trying to repay the traffic ticket. This week, Senator Robert Hertzberg introduced Senate Bill 185 that will help to overhaul the way California charges individuals for traffic violations.…

With shopping, music, dating, and many more facets of life going digital, it shouldn’t be much of a surprise that debt collectors are getting in on the digital act as well. Digital debt collection is the process of managing debt negotiations via a web portal on the internet versus over the phone which has been…

On June 27th, California Governor Jerry Brown signed legislation that will take away most of the authority of the state tax collection agency, also known as the California Board of Equalization. The move comes after a series of investigations by the California Department of Justice claiming mismanagement of funds, misplacing huge amounts of sales taxes…

Located at the confluence of the American River and the Sacramento River, Sacramento is also the capital city of the state of California in the US. Renowned for its diverse ethnicity, humongous tree canopy (which is also the largest in the US), archaic charm, Mediterranean climate, and its fast evolving ‘hipster’ culture, the city of…

Economists have found out that unlimited data mobile phone plans help limit inflation of the country. The unemployment levels are low and the job market is tightening. However, core inflation increased only by 1.9% in April when compared to the same time last year. It was at a 2.3% growth level in January and the…

Filing for bankruptcy or even the thought of it is quite disconcerting. Money management strategies are a dime a dozen, but not all of them actually work. They are like diets, they will work, but only if you are able to keep it up for long enough to reflect on the reports. You need to…