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...recession with record-high long-term unemployment. "Chapter 13 was designed for regular economic times when people might lose their jobs and fall behind on their mortgage for three to four months, but having found a new job they would be able to use the Chapter 13 process to keep their homes," says Porter, noting that even during normal economic times only 1 in 3 Chapter 13 bankruptcy filings results in the individual's successful meeting of payment obligations. (See pictures of Americans in their homes...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

...courtroom include JPMorgan Chase Bank, Bank of America, Deutsche Bank Trust, Wells Fargo Bank, US Bank and GMAC Mortgage. When a Chapter 13 bankruptcy is ordered and confirmed, lenders must cease any foreclosure proceedings and the delinquent homeowner must begin making regular mortgage payments. But if the debtor cannot keep up the payments, "sooner or later the court drops the bomb," says attorney James Beshears...

Author: /time Magazine | Title: Personal Bankruptcies Hit a High and May Keep Rising | 4/5/2010 | See Source »

...students are now required to babysit their DAPA Nalgenes and keep one hand on the switch at all times in order to achieve a filled container with their choice of water...

Author: By Punit N. Shah, CONTRIBUTING WRITER | Title: Drawing Water: Mild Effort Now Required | 4/3/2010 | See Source »

This may be good news for all of the lazy students out there. But until then, here are some (potentially) exciting finger exercises to keep you ready for the challenge of actually working to get your water...

Author: By Punit N. Shah, CONTRIBUTING WRITER | Title: Drawing Water: Mild Effort Now Required | 4/3/2010 | See Source »

...wave of voter discontent started in August 2009, 15 months before the election; in 1994, it began just three months before Election Day. Only time will tell if the health-reform-inspired wave of hostility to the Democrats will fade by November or if the Republicans will manage to keep the issue alive. For Democrats, the challenge now is to turn the nation's attention back to other concerns, like jobs. That points to another big difference between 1994 and 2010: in 1994 the unemployment rate was just under 6%; right now it's nearly...

Author: /time Magazine | Title: Why 2010 May Not Be as Dire for the Dems as 1994 | 4/2/2010 | See Source »

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