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Realistbear

H P I Not Helping U S Homeowners

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http://www.creditman.biz/uk/members/news-v...chksrc=NNow4251

USA Bankruptcy Filings Drag Down ARM Index

Apr 3 2006
The Kaulkin Ginsberg Index (KGI), the leading indicator of economic conditions affecting the accounts receivable management (ARM) industry, fell in January, weighed down by the historic rise in bankruptcy statistics that took place during the fourth quarter of 2005.
More bankruptcy filings were made during that quarter than any other quarter on record.
The Index fell 2.8% to 1222.8.
"The KGI would have continued its upward movement had it not been for the bankruptcy statistics that have just been made public," said Paul Legrady, Director of Kaulkin Ginsberg's Research Group. "These numbers suggest that it will be more difficult for creditors and collectors to convert receivables in to cash, at least on certain accounts."

Good thing we are not going down that road in the UK, isn't it? ;)

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When did the bankruptcy laws change? There was a flood of bankruptcies back then because they didn't want to 'miss the boat' on the more favorable bankruptcy treatment... so that news may not be as bad as it sounds.

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Guest Winners and Losers

[Good thing we are not going down that road in the UK, isn't it? ;)

I should say so RB. You'll never see that happening here, it's different this time. The UK is the 8th wonder of the world and house prices will go up 30% every year for the rest of eternity. Phew. Those Americans, eh?!

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When did the bankruptcy laws change? There was a flood of bankruptcies back then because they didn't want to 'miss the boat' on the more favorable bankruptcy treatment... so that news may not be as bad as it sounds.

http://www.exodusnews.com/NATIONAL/national176.htm

On October 17, 2005, a new bankruptcy law, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, will go into effect.

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So yeah, that would explain at least part of the rise in the fourth quarter. If it's still high after, then that's a problem.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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