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July 2011 Archives

Managing the limits of personal debt

As lawmakers try to balance trillions of dollars in government revenue and expenses, a recent article in USA Today may be helpful to individuals in Washington D.C. and the surrounding areas who want to take a look at how they manage their own consumer debt. The Bureau of Economic Analysis reports that Americans still carry more debt than most can afford.

Justice department devalues the use of DOMA in bankruptcy court

Joint bankruptcy petitions filed by legally married same-sex couples will no longer be rejected by the U.S. Justice Department, according to a recent Reuters report. The federal government's decision to step back comes after months of pressure from Washington officials to no longer use the Defense of Marriage Act to suppress gay couples in bankruptcy.

Banks serving people over Facebook new trend in foreclosure

As the country continues to struggle through the recession, many people in Washington, D.C., are feeling the effects. Many jobs have been cut, and people have found themselves up against mountains of debt. Some may have defaulted on mortgage payments and are now facing foreclosure. While banks have traditionally served foreclosure notices to homeowners at their homes, social media is becoming a new outlet for notification.

Government extends relief for delinquent, unemployed homeowners

Many people in Washington, D.C., and the surrounding areas are still feeling the effects of the recession. Some may have found themselves in serious debt, while others may have lost a job. The financial strain that many D.C. families who are affected by unemployment face can lead to other problems.

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