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Resorts still pawns in vast real estate game (Snowmass Village Sun)

The news that Intrawest’s vast ski area holdings will soon be sold in bankruptcy comes as no surprise. Its business plan was based on turning the skiing industry into a generic experience that could be attained anywhere in the world that it operated. Like so many of its brethren in the real estate exploitation game, it offered nothing of value. Now that its powerful faade has crumbled into …

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Hard Times Lead To Dramatic Rise In Bankruptcies (NPR)

Personal bankruptcies rose more than 30 percent in 2009, with more than 1.4 million protection filings. Even though so many people are in dire financial straits, having to declare bankruptcy comes as an embarrassing shock.

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How talented ex-Ute, ex-Lion Luther Elliss went bankrupt (Standard-Examiner)

OAKLAND TOWNSHIP, Mich. — Retired Detroit Lions defensive lineman Luther Elliss is preparing to abandon his million-dollar suburban Detroit home, the latest step in a financial collapse that has forced him to file bankruptcy amid a string of failed investments and debt. — read more

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10 ways to dodge bankruptcy in 2010 (Bankrate.com via Yahoo! Finance)

Try one or more of these strategies to lower your debt, live frugally and skirt bankruptcy.

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UPI NewsTrack Business (UPI)

Deal reached on ‘Cadillac’ health plan tax … Mortgage modification numbers still small … U.S. newspaper group to file bankruptcy … Detroit Auto Show has ‘can’t miss’ cars … News from United Press International.

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