Archive for 'General'

When to Apply for Disability

Disability is something the most folks do not usually think about.  Studies show that there is a 3-in-10 chance of a 20 year old worker becoming disabled before reaching retirement age.  So, studies show that the chances are much greater than you realize.

Who Receives Social Security Benefits?

Benefits are paid to those who cannot work due to a medical condition that will last a year or longer.  The condition might also result in death.  Social Security does not give money to ...

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Tamko Roofing Shingles Warranty Claims

Some homeowners are alleging that their roofs are failing within ten years from the date of installation of some Tamko Roofing shingles.  Some consumers allege that their warranty claims to TAMKO have been denied.

If you have been denied warranty claims for your Tamko roofing product, please contact Machi & Associates right away.  We handle cases involving breach of warranty claims for building and construction materials.

Persons seeking to preserve any potential legal claims should contact an attorney promptly, since all ...

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The Loan Modification Runaround

Information About The Loan Modification Process

At Machi & Associates our goal is to keep you in your home and avoid foreclosure. Our team will provide you with a unique, and professional plan that you and your mortgage lenders can consider.

We understand that you only have a short period of time to overcome the real possibility of losing your property through a foreclosure. Our experienced attorneys and real estate brokers will work to immediately stop your foreclosure. We have the ...

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Good Bye Unemployment Benefits

More than 200,000 Americans will lose their unemployment checks this week.

Of these folks, nearly half live in California.  The other states affected are Texas, Florida, Colorado, Connecticut, Pennsylvania, Florida, and Illinois.

The federal program provided an addition 20 weeks of benefits after the state benefits had ended.  More on this story at

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Bankrupt Hostess Warns Workers of Layoffs

Hostess Brands based in Irving, has given notice to several states, including Texas, that lay offs may be coming if the Chapter 11 restructuring is not successful.

Hostess is not looking to implement layoffs unless negotiations with unions do not result in consensual agreement.  Additional information available at the Star Telegram.

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Gas Prices: Down and Headed Lower

U.S. drivers are getting some relief at the pump in time for the beginning of summer.

Typically May is the time of year gas prices hit their high mark.  This year the average price for a gallon of unleaded has already been declining for the past month.   The biggest decrease in price occurred this past week with prices down 6 cents.

New technology has increased production and that is helping drive the price down.  The West Coast prices have not yet fallen ...

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10 Frugal Living Tips To Happiness On A Tight Budget

Whether you’re dealing with a mountain of debt or trying to save money for your retirement, there are numerous reasons to change your spending habits. Frugal living is typically viewed in a negative light, where the word “sacrifice” becomes synonymous with “suffering.” However, this does not have to be the case. Here are 10 frugal living tips to achieve happiness on a tight budget.

1.  Keep track of your spending.

2.  Change your spending habits.

3.  Monitor your money.

4.  Carry a ...

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49% of Americans Saving Zero for Retirement

An April survey shows that nearly half of consumers cannot afford to contribute to an IRA. The age range from 18 to 34 are the ones least likely to be saving. Of this age group 56% do not contribute to an IRA or 401(k).
LIMRA, a trade association for the financial services industry conducted the survey. They found the statistics disturbing considering that consumers are currently using personal savings to make ends meet. Retirement may last 20 or more years.
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Wells Fargo Gives $50,000 for Tornado Relief

Wells Fargo will give $50,00 to the Red Cross/North Texas Tornado Relief.  If customers would like to donate, 100% of the donation will go to the cause.

The bank also would like any customers or businesses affected by the tornados contact their nearest Wells Fargo branch to discuss options.

Read more at the Star Telegram.

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Hostess Losing Creamy Filling

The snack food company Hostess Brands filed for Chapter 11 on January 10, 2012, about seven and a half years since its previous bankruptcy claim in September of 2004. Last Wednesday, Hostess said it would be reforming into a more competitive company. While Hostess lists about $860 million in debt the company still has enough money to keep stores stocked with their products. Additionally, Hostess didn’t announce any job cuts, but Hostess spokesman Lance Ignon said the company will decide ...

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Victim of Credit Fraud?

Consumer credit sales and home mortgages are some of the most regulated transactions in the American economy. State and federal statutes place certain restrictions on the conduct of mortgage lenders, retailers, debt collection agencies, and credit reporting companies. Nevertheless, we hear so many complaints about fraudulent credit practices you’d think the fair credit laws had never been passed.

If you think that you have been damaged by unlawful or deceptive credit practices by a mortgage company or bank, an auto dealer ...

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Avoid Foreclosure Through Declaring Bankruptcy

Even with the recent rise in the economy, foreclosure is a major possibility for millions. Filing for bankruptcy can delay a foreclosure so you can negotiate with a mortgage lender.Obama’s expansion of the Home Affordable Refinance Program will allow several refinances of mortgage lenders of Fannie Mae and Freddie Mac.

Read the full story at the Nuwire Investor.

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The Reason Bankruptcy Filings Have Decreased From Last Year

There has been a decrease from last year in bankruptcy filings  due to new changes between banks and consumers. Banks have started tightening credit, and mortgage lenders have stopped foreclosures due to challenges in their internal processes. Some debtors will have already filed for chapter 7 bankruptcy in the past two years, or need to wait eight years from filing their last chapter 7 bankruptcy.

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If a Loved One Passes Away

If a loved has passes away with debt their debt dies with them. Unless members of the deceased family co-signed with the loan, they are usually not legally obligated to pay. This doesn’t stop debt collectors from harassing families to pay the debt. The number of debt collectors using this deplorable tactic has grown in recent years.  They work on the behalf of financial giants such as; Bank of America, Capitol One, and others. Targeting families when they are at ...

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Harrisburg City Council’s Appeal on Bankruptcy decision

Federal bankruptcy judge,  Mary France, made a ruling last month that Harrisburg, Pennsylvania may not seek bankruptcy protection. Harrisburg is burdened with about $300 million in debts related to the city’s old trash incinerator. After the machine was hindered with environmental problems and fines for numerous years the Environmental Protection Agency shut down the incinerator. Harrisburg’s City Council attorney filed an appeal with the U.S. District Court for the Middle District of Pennsylvania on Saturday about Judge France’s decision to ...

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US Postal Service Making Cuts to Avoid Bankruptcy in Upcoming Spring

The U.S. Postal Service’s first-class mail will slow down next spring due to the company cutting costs to try and avoid bankruptcy next year. The cuts would close 251 mail processing centers around the country as well as cutting about 28,000 jobs.  Changes are expected, such as delays and added costs to mail delivery. Public opinion is opposed to the cuts, Maine Senator Susan Collins the top Republican on the Senate committee overseeing the post office thinks the agency is ...

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American Airlines’s Parent Company AMR Files for Bankruptcy

American Airlines’s parent company, AMR, filed for bankruptcy last week, leaving many DFW residents concerned with the airline’s future. Economic experts say AMR’s bankruptcy will have more have smaller effect than thought on Tarrant county’s economy.  Director of the Maguire Energy Institute at Southern Methodist University and economist, Bud Weinstein, said ” We won’t see any effect in the short term, but in the long term American’s impact in the region’s economy will be smaller than it is today.”

AMR filed bankruptcy ...

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Ten Year Anniversary of Enron’s Bankruptcy

Today marks the ten year anniversary of Enron’s bankruptcy filing. At the time it was the largest bankruptcy in U.S. History. Enron’s collapse was the fault of greed and abuse of accounting standards. Remind yourself of this corporate scandle.

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U.S. Postal Service Announces Rate Increase to Avoid Bankruptcy

Expect new postal rates on January 22. The U.S. Postal Service is attempting to avoid bankruptcy by raising rates on its more profitable services next year. The post office lost over $5 billion last year.

Here are some of the rate increases:

U.S. Postal Service Mail Class New
First-Class Mail letter (1 oz.) $0.44 $0.44
First-Class Mail letter – each additional ounce $0.20 $0.17
Postcard $0.29 $0.28
First-Class Mail flat (1 oz.) $0.88 $0.88
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Get the Money Out of Politics

It is past time to get money out of politics. For far too long special interest and back door politics have put corporations ahead of people. How can our democracy work for the people when corporations decide who runs and who wins?

I just joined a campaign to get money out of our political system. Please join me by adding your name now:

We’ve talked about how harmful money is to our democracy – this is ...

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