Category Archives: Government Programs
Atlanta Bankruptcy Attorneys Weigh Benefits and Drawbacks to Energy-Efficient Appliance Rebate Program
In the market for a new refrigerator? Uncle Sam might be willing to help foot the bill, say Atlanta bankruptcy attorneys. With Cash for Clunkers no longer, the government hopes to stimulate the economy with a new program that targets household appliances. Starting this year, up to $300 million will be available for folks who… Read More »
Chicago Bankruptcy Attorneys See Pros and Cons to Cash for Appliances Program
Remember cash for clunkers? Well, how about rebates for refrigerators? Uncle Sam has $300 million in stimulus money, and he wants you to buy a new fridge – or washer, dryer or HVAC, according to Chicago bankruptcy attorneys. The point, of course, is to encourage consumers to start spending – but also to replace old,… Read More »
Chicago Bankruptcy Attorneys Say Government Loan Program Helped Make Foreclosure Crisis Worse
The word is out – the $75 billion loan modification program meant to protect homeowners from foreclosure has actually made the situation worse. Out of the millions of Americans facing foreclosure, Uncle Sam’s program modified mortgages for just a few hundred thousand – some of which ended up going into foreclosure anyway. Now critics are… Read More »
Atlanta Bankruptcy Attorneys Warn That Government Mortgage Program Is Increasing Foreclosures
Contrary to homeowner hopes, Uncle Sam’s $75 billion mortgage modification program may be causing more bad than good. Created early last year, the program was supposed to encourage banks to modify loans of the millions of Americans facing foreclosure. Unfortunately, it’s managed to permanently modify just 35,000 – a drop in a rather large bucket,… Read More »
Some Employees May Have to Pay Stimulus Money Back
Remember that stimulus package the government enacted back in February? Well, apparently Uncle Sam got a little too generous. It’s just been announced that up to 15 million taxpayers could owe some of that stimulus money back next year. Why? Under the Making Work Pay tax credit, most working Americans had less withheld on their… Read More »