Hey, Your LetmePayday Newsletter For 07 September 2022

This is your Newsletter. [LPB]( [LPL]( [LetmePayday Newsletter]( You Might Like     [Learn more about Jeeng](  [If you’re facing bankruptcy, here’s what experts say to do before, during, and after you file]( [If you’re facing bankruptcy, here’s what experts say to do before, during, and after you file]( Key Points - Personal bankruptcies fell during the pandemic but as inflation rises and government aid wanes, the rate may soon start to rise again. - Bankruptcy may feel like financial rock bottom but it’s a chance to start again fresh. - It’s best to work with experts to make sure your personal bankruptcy is handled correctly and eases rather than complicates your financial life. Personal bankruptcy filings have fallen dramatically since the beginning of the coronavirus pandemic, but with interest rates rising and government relief waning, filing numbers will likely pick up through this year, say experts. “I’ve had more calls in the last few weeks than the previous six months,” said Charles Juntikka, a New York-based lawyer who specializes in bankruptcy law. Bankruptcy attorney David Leibowitz, head of Chicago-based Lakelaw, said his firm has “already seen filings in the Chicago area pick up by about 25% in the last two months.” The variety of government stimulus programs, enhanced tax credits, and protections against evictions and loan foreclosures put in place in the last two years have reduced the number of bankruptcy filings. [[icon] Read MoreÂ](  [Online Personal Loans up to $50,000](  [The US is in a housing recession. Here’s what that means]( [The US is in a housing recession. Here’s what that means]( The once red-hot housing market has cooled so rapidly in recent months that some experts actually think the industry has tumbled into a recession. Painfully high inflation and rising borrowing costs have proven to be a lethal combination for the housing market, forcing potential buyers to pull back on spending. A slew of new economic data published earlier this month shows the sector is starting to slow considerably: Home builders’ sentiment about the industry plunged to the lowest level in two years, and buyers are retreating from the market as they cancel home sales at the fastest pace since 2020 and builders are rethinking construction. “We’re witnessing a housing recession in terms of declining home sales and home building,” Lawrence Yun, chief economist for the National Association of Realtors, said recently. But the recession is playing out differently for buyers versus sellers. Demand is drying up, but prices remain high because supply is still so limited. With mortgage rates soaring and a growing number of potential buyers backing out of deals — and sales dropping to the lowest level in two years — builders have become increasingly reluctant to build new homes, keeping prices high. “It’s not a recession in home prices,” Yun said. “Inventory remains tight, and prices continue to rise nationally with nearly 40% of homes still commanding the full list price.” [[icon] Read MoreÂ](  You Might Like     [Learn more about Jeeng]( Connect with LetmePayday on Social Media Pages [Facebook]( [Linkedin](    [Unsubscribe](