Maine Felon Milks State, Bilks Dozens, Then Files Chapter 7 Banruptcy
Dawn Solomon has been indicted on charges of stealing $4 million from the state’s MaineCare program; she began serving a 42-month sentence at the Maine Correctional Center this past June. Solomon, a Norway-based health care provider, has been allowed to discharge her personal debts by filing Chapter 7 bankruptcy in the U.S. Bankruptcy Court in Portland, Maine. Solomon has also filed bankruptcy for New Horizons Investment LLC, her real estate holding company, which owes over $1.8 million in secured and unsecured debts.
According to Leslie H. Dixon, reporting for www.sunjournal.com, a spokesperson for the Maine Attorney General’s Office said that “restitution would not be dis-chargeable” under the bankruptcy proceedings, but declined to comment how the money would be recovered. Lenders have filed foreclosures on their properties as collateral but other legal action has been stayed, as is called for, by the bankruptcy.
Solomon had previously operated the Living Independence Network Corp. in No
Five Luxuries to Avoid During Credit Repair
Long-term credit repair is a lifestyle decision, one that requires lasting change to accompany your financial goals. In other words, even if you hire professional credit repair help, the process will work best if you take a hard look at how sloppily you’re handling your finances. If you are new to the game, easing yourself into the processbetter habits may take some time. Start small by learning how to change your habits inmake the following wayschanges. The results could lead to an evena better credit score.
1. Dining out. The average household spends over $2,600 a year on restaurants, take-out, and fast food. While these choices are probably bad for your diet, they are undoubtedly bad forcan’t help your credit score. Think ofConsider how to utilizeutilizing that an extra $215 a month on to things other than foodpay down existing credit card balances could help your credit score. Could you use a new car? Do you have a high credit card balance or low savings account? Eat
Sally Herigstad: Old, unpaid debts can resurface at any time
I had some credit cards back in 1996. At that time, I was married. My husband and I divorced in 1997. I got my maiden name back during the divorce. I received credit card bills in my married name for several years, but then it changed to my maiden name. I have not paid on these credit cards bills since 1997.
How many years can the credit card company go back? The credit card company has been bought out several times now. They offered me a settlement, but I still have not paid them. I live in Kentucky.
I started receiving Social Security Disability in 2000, so I’m on a very limited income now. I am living from month to month on my disability checks.
I know that these credit card bills are still on my credit report, but is there any way that I can get them removed? —
Fifteen-year-old credit card debts are time-barred from collection in nearly all states.
What to Do if You Cannot Pay Your Taxes
If you are financially tight, you need to explore what possibilities are open to you to clear your tax bill especially since tax season is fast approaching its end for this year. The first thing you should do is make sure you do not miss the deadline in submitting your tax return. This year’s deadline has been extended 2 days to April 17 due to Emancipation holiday in D.C. If you miss this deadline, you will be subjected to a fine of 5% per month (up to 25% of your tax liability). But the bad news is getting more time to pay would cost you some money. The IRS charges a 3% interest on unpaid taxes compounded daily.
If you need to, you could enter an installment payment agreement with the IRS making direct deductions from your bank account to pay your taxes. This would be especially important if you owe more than $10,000 in taxes. Failure to do so would result in a lien on your property or garnishment on your wages.
Earlier this month, the IRS announced new rules pertaining to installment payment agreements. I
Dispatches reveals viagogo is allocated tickets by promoters – but what now?
Last night Channel 4s Dispatches revealed that reselling website viagogo has been allocated 9,000 tickets for Coldplay’s 2012 Stadium tour by promoters.
That’s 9,000 primary tickets that are never even offered to fans to buy. Some of you may say that its what you get for being a Coldplay fan 
but this is just the tip of the iceberg.
Dispatches revealed that over 50 major acts all have tickets allocated to viagogo before they’ve even gone on sale.
Bankruptcy and Some Financial Responses Afterward
After closing a bankruptcy, bloggers often indicate on the internet a variety of ways they financially responded to being former filers. It seems, whether ending up financially responding by living within their means or going back to their former lifestyle of spending all depended on the individual circumstances of the filers. Most filers sharing their blogs on the internet I have read, and I have read thousands, have financially responded that their bankruptcy experience resulted in a change in lifestyle of learning to live within their means.
A mother trying to financially live within her means prompted one little 9 year-old girl to say, “You are so cheap that if you sat on a lump of coal, there would be a diamond there when you stood up.”
Here are some excerpts of recently posted comments made by bloggers on the internet, and how these filers have financially responded to bankruptcy:
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Its now just past a year that my Chapter 7 was filedI am *finally* back to where I have a little breathing room. I h