A Viable Alternative to Bankruptcy (The Bradford Era)
(ARA) - If you're carrying thousands of dollars in credit card debt, struggling to pay the rent every month and getting calls from collections agencies, you might be considering bankruptcy. Yet for almost all circumstances, a good financial advisor will tell you that's the last thing you should do.

Harry Macklowe’s $6.4 Billion Bill (NYTimes.com via Yahoo! Finance)
Trouble in the commercial real estate market squeezes a Manhattan developer. .

BUSINESS BRIEFS (New York Post)
Shredding American Home Mort gage Investment Corp.'s plan to shred almost 500,000 loan documents to save storage costs may hinder mortgage in vestors seeking to fore close on bad loans, crit ics of the bankrupt firm said in court papers. US...

Find the Best Deal on Refinancing Your Home (Richfield Reaper)
(ARA) - Do you have a balloon mortgage that is coming due or an adjustable rate mortgage payment that has been steadily creeping up as interest rates change?

Foreclosure auction does not result in deals (Savannah Morning News)
Editor's note: This is the first in an occasional series looking at the rise in foreclosures.

Dealership Out Of Money, Seeks Liquidation (WRTV Indianapolis)
The attorney for a now-shuttered Columbus auto dealership has told a bankruptcy judge that the business has no assets and plans to file for Chapter 7 liquidation.

STAWAR: Paying the Piper (The Evening News and the Tribune)
Like most of us I have a love-hate relationship with my credit cards. On one hand they are convenient and easy to use, especially for online shopping. Of course, that is part of the problem. They are way too easy to use.

Delphi Reports $231M Loss In November (WNEM TV 5 Mid-Michigan)
NEW YORK -- The auto-parts supplier Delphi Corp. reported a net loss of $231 million for November. The Troy-based company filed for bankruptcy protection in 2005.

American Home to Sell Mtge Loan Pools (AP via Yahoo! Finance)
American Home Mortgage Investment Corp. wants bankruptcy court permission to sell pools of mortgages in which borrowers are behind in their payments and owe $164 million in principal on the loans.

Shoppers Bid On Police-Seized Items At Auction (WESH 2 Orlando)
Fine jewelry, expensive art and rare pieces of furniture seized by police were up for auction on Thursday afternoon.