New Jersey residents who are employed by the casino formerly known as the Atlantic City Hilton can feel a little relief with the news that it will remain open. The parent company was able to reorganize debts and stop foreclosure on the casino now known as ACH. But it...
Month: November 2011
Group rallies to stop foreclosures despite October snowstorm
An October snowstorm did not stop protesters from rallying against home foreclosures on Oct. 29. The Coalition to Save Our Homes marched in Irvington, New Jersey, to demand that action be taken against lenders. Holding up signs saying "Stop Foreclosures," they allege...
Is bankruptcy in the cards for previous owner of The Pier Shops?
Due to the sluggish economy, many companies are struggling to meet their financial obligations as consumers scale back on purchases. That has forced many companies to file for bankruptcy, and it may also explain the troubles facing an upscale shopping venue in...
New Jersey study shows need for debt relief
Downward trends in the economy will have devastating effect on families, homeowners, business owners and the community. When New Jersey citizens are unemployed, they also tend to accumulate personal debt. When they have too much personal debt, they cannot afford their...