There is dire economic news out there – 11 percent unemployment in North Carolina, drastic losses of state construction jobs, business credit is harder to come by. 

The first two provisions of the Credit Card Accountability, Responsibility, and Disclosure (“CARD”) Act of 2009 went into effect Thursday, August 20, 2009.  The CARD Act is designed to protect consumers from unfair and deceptive practices by credit card companies. 

“We may be seeing the beginning of the end of the recession,” President Barack Obama said yesterday at Raleigh’s Broughton High School.  Indeed, parts of the country are starting to experience some economic stability, according to the latest figures issued by the Federal Reserve, but the Fifth District of Virginia, North Carolina and  South Carolina [...]

It is no surprise that when the economy is on the decline that business fraud will rise.  Franchised business opportunities are being strongly marketed as a way to beat the recession, as are a number of business opportunity scams.  The Federal Trade Commission has issued a new warning video to help prospective business owners separate [...]

North Carolina unemployment is 11.1%.  There is one residential foreclosure filed for every 1,595 households. Forty-five percent of consumers believe the current economic situation is bad.  We have discussed where people are cutting back and where they are not willing to scrimp, but as the recession lingers, more and more people will find it harder [...]

We have been discussing preferential payments, defenses and avoidance tactics.  But what businesses care about most is getting paid for goods and services provided. This entry will discuss how to collect from a customer who has declared bankruptcy.