Ahh, feels great to finish the second book in The Wave Rider’s series.  The Wave Riders Book I introduces a wave pattern in our personalities that followed the “bipolar pattern” found in some mental health problems, only it was also happening in the mainstream population – I like to call it the “Pre-bipolar State”.   It also suggests that depression may be caused from the natural down of an adrenaline, high energy state.  

In the third book scheduled to be released Jan. 2010 I will introduce three trends that are already influencing our families and our finances.

I thought that the second book should be from 10 Revelation from Lawn chairs to Limos, bouncing back from bankruptcy and poverty as there are so many people feeling down now from these tough economic times. These 10 Revelations from the Leap from Lawn chairs ( my only living room furniture years ago) to Limos were important lessons that I observed through the process and hope that they may help other people through their tough times.  I try to show that poverty does not relate to your value and that there is hope and opportunity even when we feel that we have hit bottom.   The book will be available at The Wave Riders http://www.thewaveriders.com

The book is in the final edit and layout process for digital release in about 1 week and I hope it will reach people that need a boost this year.

The Wave Riders will introduce and release for sale within one week Indigo Irwin Kennedy’s second book titled:

10 Revelations in the leap from Lawn Chairs to Limos! 

How an overachiever – achieved bankruptcy and bounced back to success and joy through faith and discovery – Unlock the remarkable 10 secrets that only this journey through poverty and back again could reveal! A reflective journey into the sometimes humorous poverty patterns we create in our lives and how a little faith can go a long way home!  Learn how to bounce back from the bottom of bankruptcy and poverty. 

The final bottom; macaroni and cheese suppers for weeks and old, garage sale, broken lawn chairs for living room furniture.  So broken and old were our lawn chairs that our rear ends rested comfortably on the carpeted floor below.  Being over 40 when poverty hit, I thought it would be with me forever but life had other plans and gave to me 10 revelations that anyone could use that turned my world around and rooted deeply to build my life back up again.   it seemed a blur of unexpected, universally driven activity until  I stood only a few years later amazed when broken down lawn chairs turned into Limos and Caribbean cruise vacations.

 When released will be available only in digital format $14.95

We think that you will enjoy this in the second book in the series of books at The Wave Riders.  Indigo is now completing the third book in the series Creating Emotinal Balance in our Accelerated World.

The 3 Main books in The Wave Riders series are listed below

CONGRESSWOMAN BACHMANN: … People have had it. When they see what’s going on with ACORN, with this phony baloney healthcare bill … They are voting [the first vote] on a red line piece of paper, something that is all marked up. It’s not even actually written down. It not one word of a law has been written yet and these people took a vote on a bill that hasn’t been written. What’s worse is the federal government estimated how much this bill would cost. You can’t estimate how much it’s going to cost if you don’t have words on a sheet of paper telling you this is the actual bill language. One word can make all the difference in the bill, and they don’t have one word written of an actual legislative language. This is a travesty.
… [T]he dots are connecting between the federal government and ACORN. Very simply this is it: The federal government wrote a law called the Community Reinvestment Act. It demands that banks make loans to people who are poor credit risks. So that law was already passed. [Under Bill Clinton]

Then what happened, the federal government hung a threat over these banks because banks didn’t want to make loans to people who were poor credit risks… if the banks fail to lower their lending standards, then the federal government would shut down their interstate bank branches and they would not allow banks to open new branches. So in other words, the federal government would essentially shut these banks down if they refuse to make bad loans to people who wouldn’t be able to pay them back.

[O]ne way the banks could satisfy their requirement under the Community Reinvestment Act is they could partner with ACORN… So the banks, in order to be in compliance with the federal government, would give payoff money, so to speak, to ACORN in order to stay in the good graces with the federal government. I mean, what else would you call that but a payola?

[T]ake a page, a cue from Barney Frank. Over the weekend Barney Frank told a special interest group, if you want congress’ attention, you melt the phone lines… Trust me, hardly anyone picks up the phone. Hardly anyone makes the phone calls. .. We have to make those phone calls now until the end of the year… saying this is it: You take orders from me; I don’t take orders from you, and you do not pass healthcare and you defund ACORN and you do it now.
[There is] new coalition that is coming together, literally that is a huge tent that is sewn together with the Declaration of Independence and the Constitution of the United States. The very parchment of those documents is the tent that we are coalescing against. Because what we recognize is as Americans we were given the most precious gift of any people of all time. And that was our declaration. And that was our Constitution. And in one year’s time, in a stunning move, we’ve seen the federal government take over 30% of all private wealth produced in this country. One year ago 100% of private business profits were private. Today 30% of private business profits are owned or controlled by the federal government. An economist from Arizona State University has calculated that since the inception of bailout nation, we have seen the federal government own or control 30% of private business profits… If the federal government lays claim to the private wealth produced in healthcare… that’s another 18%, or 48% of the private wealth. And if they lay claim through cap and trade, what Lindsey Graham is getting on board with, that’s another 8%, or 56% of the private wealth produced in this country. That’s stunning. At that point we are no longer a free market capitalist country.
I’m a former federal tax lawyer. My husband and I have raised five kids. We’ve raised 23 foster kids. We started a business. I had a really good life before I ever came to Washington D.C., and I left being at home with our family because I saw that my 23 foster kids and my five biological kids aren’t going to have a chance, not a chance if the federal government goes down this road.
Source: Glenn Beck Interview, October, 14, 2009

http://www.congress.org/ – easy way to contact your political leaders, national and state, by entering your zip.
United States Capitol switchboard at (202) 224-3121 – to phone Senators and Representatives

See all articles on this topic: ACORN, Ayers, Obama Connection
ACORN Helps Hookers, No Big Deal
ACORN to Have Input Into Obama’s Administration
Banks Ordered to Give $ to ACORN or Offer Risky Loans
Creation of a Totalitarian Regime

As Thanksgiving past, Black Friday came…for some, this day was about shopping and finding the best deals around.

For Lone Star, it meant putting up a lame offer to try and save the disgrace that they placed upon Bi-Lo when they let it crash. Lone Star’s attempt to save the company that they and Byars let crash and burn is scary. Would the infusion of cash help? Yes…like a band-aid on a gunshot wound. Bi-Lo is in need of a real saviour. Food Lion definitely wasn’t the answer as this would eventually mean stores closing so they would compete. I hope that the decision maker or makers in this whole Bi-Lo reorg deal knows that the employees and our community of friends, neighbors, and family are watching and praying that they make the right decision. Otherwise, Black Friday may well have a different meaning for Bi-Lo…lights out!

surprise surprise

NYT: Of the many economies that gorged on debt in the boom years, Dubai stood out. In the space of a few years the emirate’s investment arm, Dubai World, racked up $59 billion in debt, borrowing to build lavish developments like a giant island shaped like a palm tree to entice celebrities like Brad Pitt, and to invest in glittery properties like the MGM Grand Casino in Las Vegas.
Now that the boom has gone bust, both in Dubai and in the United States, Dubai is stuck with a glut of real estate that no one wants to buy or rent. Creditors and markets had always assumed that when push came to shove, its oil-rich neighbor Abu Dhabi would bail out Dubai. But that assumption was called into question this week…

Author: Brian E Miller
Source: articlesbase.com

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Find more on credit card debt, debt solution strategies, debt relief and consolidation at http://www.debtsolution-strategies.com

You can expect the Chapter 13 bankruptcy process to last anywhere from 36 to 60 months. The process begins when you file a two-page petition starting Chapter 13 proceedings and pay a fee. You will be given a docket number, and all actions by creditors are stopped, except those that might be allowed by motion in the bankruptcy court.

Creditors Stop Demanding Money
This means creditors may no longer demand money from you, bring you to court to collect debt, or foreclose or repossess your property.

Within several days of filing your petition, you must submit a list of the names and addresses of all your creditors to the bankruptcy court. About a week after submitting the list, you are responsible for completing a lengthy document including many lists of your assets, liabilities, income, expenses, past financial history, a plan outlining exactly how you propose to reorganize under Chapter 13, and evidence that you are capable of completing the plan. You’ll be able to file amendments, add creditors, change the status of a creditor, or change the schedules or plan if you need to.

Meeting With The Trustee
The next step is meeting with a Chapter 13 trustee to finish your reorganization plan. This meeting takes place one to three months after you have filed the bankruptcy petition. You will face your creditors and they will have a chance to ask questions and raise objections to your plan. Few creditors attend these meetings.

You then begin the repayment plan. How long you are in the plan depends on your income and the size of your debt. Bankruptcy law requires all plans to take between 36 and 60 months. Even if you turn out to have enough income to satisfy your debts in less than 36 months, the trustee will likely demand that the plan be 36 months and that a larger percentage of funds go to the unsecured creditors.

Chapter 7 Takes Less Time
Completing a Chapter 7 bankruptcy is faster than a Chapter 13 bankruptcy. The discharge of your debts normally happens four to six months after filing for a Chapter 7. You begin the process by filing a detailed petition listing all of your property, debts, and other financial information with the bankruptcy court. A short time later you go to a meeting with the bankruptcy trustee (usually the only appearance you must make). Unless there are problems or one of your creditors objects, the discharge will be granted a few months later.

You can expect the Chapter 13 bankruptcy process to last anywhere from 36 to 60 months. The process begins when you file a two-page petition starting Chapter 13 proceedings and pay a fee. You will be given a docket number, and all actions by creditors are stopped, except those that might be allowed by motion in the bankruptcy court.

Creditors Stop Demanding Money
This means creditors may no longer demand money from you, bring you to court to collect debt, or foreclose or repossess your property.

Within several days of filing your petition, you must submit a list of the names and addresses of all your creditors to the bankruptcy court. About a week after submitting the list, you are responsible for completing a lengthy document including many lists of your assets, liabilities, income, expenses, past financial history, a plan outlining exactly how you propose to reorganize under Chapter 13, and evidence that you are capable of completing the plan. You’ll be able to file amendments, add creditors, change the status of a creditor, or change the schedules or plan if you need to.

Meeting With The Trustee
The next step is meeting with a Chapter 13 trustee to finish your reorganization plan. This meeting takes place one to three months after you have filed the bankruptcy petition. You will face your creditors and they will have a chance to ask questions and raise objections to your plan. Few creditors attend these meetings.

You then begin the repayment plan. How long you are in the plan depends on your income and the size of your debt. Bankruptcy law requires all plans to take between 36 and 60 months. Even if you turn out to have enough income to satisfy your debts in less than 36 months, the trustee will likely demand that the plan be 36 months and that a larger percentage of funds go to the unsecured creditors.

Chapter 7 Takes Less Time
Completing a Chapter 7 bankruptcy is faster than a Chapter 13 bankruptcy. The discharge of your debts normally happens four to six months after filing for a Chapter 7. You begin the process by filing a detailed petition listing all of your property, debts, and other financial information with the bankruptcy court. A short time later you go to a meeting with the bankruptcy trustee (usually the only appearance you must make). Unless there are problems or one of your creditors objects, the discharge will be granted a few months later.

Edgar P Lombera is an Attorney practicing in San Berardino California.

Notice/Disclaimer /Contact Information: The preceding information is general information only and not intended to serve as legal advice or a substitute for legal advice. For specific legal questions please contact a qualified attorney licensed in your state to assist you. There are no warranties or representations made that the following information is accurate, complete or up to date. In addition, any emails sent to us are not confidential and do not create an attorney client relationship. Please use your discretion before sending confidential information.

1. PROFESSIONAL AND COMPETENT SERVICE. Your documents will be completed right. The office is successful primarily because of customer satisfaction and affordability. When you retain the services of this office, you can rest assured that everything is being done successfully to obtain the benefits to which you are entitled.
2. ATTORNEY AVAILABILITY – Note that all Bankruptcies are handled on a full-attorney representation basis.
3. CUSTOM COURT FILING – We can arrange court filing for you. We can take your documents to the courthouse, stand in line, and file them on a custom basis. We do not mail documents to the court, or drop them in input baskets at the courthouse to pick up later, as these delivery options risk document loss.
4. PROCESS SERVICE – We can arrange process service upon your spouse by our licensed process servers who work 24 hours a day.

Notice/Disclaimer /Contact Information: The preceding information is general information only and not intended to serve as legal advice or a substitute for legal advice. For specific legal questions please contact a qualified attorney licensed in your state to assist you. There are no warranties or representations made that the following information is accurate, complete or up to date. In addition, any emails sent to us are not confidential and do not create an attorney client relationship. Please use your discretion before sending confidential information.

Bankruptcy and Immigration is what I specialize in. I have represented all walks of life in both cases. When it comes to bankruptcies most of my clients never thought they would be getting harassing phone calls or even be in a position where they had to even think of filing a bankruptcy. These people incurred debt appropriate with their incomes and ability to pay that debt back. It is typically an unforeseen life altering event such as a layoff from work, illness in the family or divorce, which renders them powerless to meet their financial obligations. It is at this point when the telephone starts to ring off the hook with creditors harassing, embarrassing and trying to extract more money from these people than could be expected given situation that they seek counseling from a professional.

Everybody needs some help once in a while. I am experienced in Chapter 7, and Chapter 13 bankruptcy. I understand your needs and can help you.

Notice/Disclaimer /Contact Information: The preceding information is general information only and not intended to serve as legal advice or a substitute for legal advice. For specific legal questions please contact a qualified attorney licensed in your state to assist you. There are no warranties or representations made that the following information is accurate, complete or up to date. In addition, any emails sent to us are not confidential and do not create an attorney client relationship. Please use your discretion before sending confidential information.

Homeowners in Connecticut now have a new tool in fighting against Foreclosure Fraud. A Connecticut Superior Court Judge decided the foreclosing entity can be made to answer for the “sins” of the originating lender.

U.S. Bank National Association as Trustee v. Toni Ascenzia et al.
Superior Court at New Haven No. CV-08-5022527 Memorandum Filed July 30, 2009.

“In view of recent examples of irresolute behavior in the mortgage market, the court finds that there are significant public policy considerations that militate against allowing assignees of mortgages to foreclose without having to answer for the alleged sins of their assignors.”

4closureFraud
http://4closurefraud.wordpress.com/

One author suggests that the color of irony is lavender, but I would suggest that today, anyway, it ought to be black. Black Friday, you see. To mark this holiday manqué the New York Times (whose editors certainly have a sense of humor) chose to feature on the front page a story about the State of New York on the brink of bankruptcy (“Stalemate in Albany as State Nears its Last Dollar.”) Not that we need to worry our silly little heads too much. These things do always resolve in some kind of magic-muddle-workaround at the last moment, and the last teacher won’t not limp off into permanent layoff with the last dispenser of Medicaid guarded by the last state trooper at precisely midnight of December 31, 2009. No, no. We shall overcome. But it does give some of us a Savanarola-grin to ponder this annus horribilis in which the Too-Big-To-Fails failed but for Geithner’s magic wand and are now dispensing bonuses averaging $700,000 dollars plus to their most potent producers of mayhem—while the state is running out of money because its legislators can’t settle on a budget and some of them are hopefully suggesting same-sex-marriage to the rescue, projecting a $50 million increase in revenues from marriage licenses and tourism from this potentially new source. I raise my arms into the air, awestruck by such a tour-de-force.

I’ve always felt that there were two types of startup – those with too much money and those with too little. I’ll leave the topic of too much money for another day, and instead think about the more common problem of having too little money.

When you’ve got too little money, the key is not to spend a penny you don’t need to, and to make sure that every penny you do spend is effective. That’s pretty much common sense, but I think that it’s worth drilling into much more deeply.

One of the pitfalls when starting a business is mixing up the keys to business success with the stuff that has to be done as you become successful. In start up mode, all your effort needs to go into the former and virtually nothing into the latter.

A business bank account, business cards, business premises and the services of an accountant can all be vital ingredients – but not if your business isn’t yet making any sales.

Your efforts and resources should go into working out your business proposition, finding customers and delivering that proposition to them. Make sure that you keep 100% accurate records, and probably set up a limited liability company to protect you from personal bankruptcy, but otherwise focus on starting to make sales and money.

When I set up Actinic, providing ecommerce services for SMEs, we had two vital objectives. We were trying to sell critical technology to small companies and ISPs, and we also needed to raise funds. I renamed my house “Actinic House” which was perfectly legal and cost nothing. I also joined the Institute of Directors and met all prospective investors in the IoD offices in Pall Mall.

These are the sorts of techniques that I would describe as “guerilla” – getting to your objectives by low cost and unconventional means. You can find all sorts of ideas both online and from other successful entrepreneurs. You won’t get them from the bank manager or the accountant, these techniques tend to be anathema to them. But it’s these that will help you to succeed, not having leather bound accounts.

Ken McLeod has the figures on this, having done detailed statistical analysis, and capable of testifying as an expert on the usual outcome of these sales. The important point being “why would the “bank” let the property go for 60% of distressed market price — even to an insider?” Answer: because it is all a game to them. The money is free. They don’t have one dime invested, they have already been paid their fees and now that they have the house too they get to share in the spoils. Talk about situational versus sustainable ethics!

Every Auction should be conducted like this. It would at least take some of the greedy momentum out of this market.

November 26, 2009

Miami-Dade Hopes Online Auctions Will Help Reduce Backlog of Foreclosures

Why Vermonters would want this is beyond comprehension; perhaps the free lobotomy is enticing.

Hollowe’en tales from the UK health care system via Power Line should give you pause. Kool-Aid drinkers will not be detered; they’re looking for free. Never mind that free and cheap are worth exactly how they’re priced.

Annals of Government Medicine

Hospital conditions in the United Kingdom are frequently appalling, but the Basildon and Thurrock University National Health Service Hospitals are especially bad, with hundreds of preventable deaths occurring yearly. The Telegraph headlines, “Hundreds of patients died needlessly at NHS hospital due to appalling care”:

Poor nursing care, filthy wards and lack of leadership at Basildon and Thurrock University NHS Hospitals FoundationTrust led to the deaths of up to 400 patients a year. [snip]

This is one report of many coming out of “free” health care in the UK.

The chairman of Dubai’s Supreme Fiscal Committee would like the world to know that despite overwhelming evidence to the contrary, everything is under control.

“Our intervention in Dubai World was carefully planned and reflects its specific financial position,” said Sheikh Ahmed bin Saeed Al Maktoum, following Dubai’s surprise announcement Wednesday that it would freeze its own debt repayments in order to restructure Dubai World, its biggest investment holding company.

“This is a sensible business decision,” said Maktoum, adding that Dubai’s economic fundamentals are sound and ensure it will remain an attractive regional market.

Dubai’s creditors, along with most of the global banking and financial community, seem to disagree. Oil prices dropped and world markets suffered steep losses amid widespread fears that Dubai’s latest financial woes could cause a global economic backslide just as many markets were showing signs of recovery. In the United States, Wall Street opened with sharp losses.

“You can’t just say to the world: ‘I don’t want to pay my debts,’ ” David Buik, senior partner at BGC Partners, told the BBC. “There is no income coming in from any of these properties. I think this is shocking P.R.”

The National, based in Abu Dhabi, reported that the worst hit banks included Credit Suisse Group, HSBC Holdings, Barclays, Lloyds Banking Group and Royal Bank of Scotland. Experts agree that even if Dubai manages to avoid defaulting on its debts, the damage to investor confidence will probably have far-reaching repercussions for the Persian Gulf boom-town.

Dubai World accounts for $60 billion of Dubai’s estimated $80 billion in liabilities, although the UAE as a whole and Dubai specifically have never been transparent when it comes to the true state of their economies..

For months after the global financial crisis hit, Dubai claimed to be shielded from the worst of the recession only to have its real estate giant Nakheel bailed out by the neighboring Emirate of Abu Dhabi months later. The details of that deal were never made public.

Now Dubai World, the holding company that includes Nakheel, appears to be in trouble. This time oil-rich Abu Dhabi has not stepped in.  Rumors of a rift between the two emirates have been circulating for many months, leading Dubai’s ruler Sheikh Muhammad bin Rashid Al Maktoum to publicly reaffirm Abu Dhabi and Dubai’s commitment to each other just a little over two weeks ago.

“We will be there for each other when we need it,” he said at the time.

Dubai World was created in 2006 as an umbrella conglomerate for a number of state-controlled businesses, the most visible one being the port operator DP World, which became the center of a controversy in the U.S. after it acquired a company that controlled several American ports. DP World eventually sold it U.S. holdings, but continues to operate ports all over the world, including China, Lebanon, Russia, France, Canada, Saudi Arabia, India, and the United Kingdom.