Blog sponsored by Bankrupt-Law.com


By DAVID CAY JOHNSTON
If you owe back taxes to the federal government, the next call asking you to
pay may come not from an Internal Revenue Service officer, but from a
private debt collector.
Within two weeks, the I.R.S. will turn over data on 12,500 taxpayers - each
of whom owes $25,000 or less in back taxes - to three collection agencies.
Larger debtors will continue to be pursued by I.R.S. officers.
The move, an ...   more »

Blog sponsored by Bankrupt-Law.com


By Kenneth R. Harney
Special to the Mercury News

WASHINGTON - Call it the reset jitters.

Lenders, mortgage investors and financial regulators across the country are
concerned about the ability of millions of homeowners to handle the
potentially painful payment spikes coming due on loans they took out during
the height of the housing boom.

Though estimates vary, some industry experts say that at least a
half-trillion dollars worth of loans with reduced initial payment terms ...   more »