The Arizona Bankruptcy Lawyer Blog has posted an article that discusses why it’s so important for you to be honest about your assets when you’re filing for bankruptcy. You can’t pick and choose what assets or debts to include while filing, you have to list any and all you may have.

However, just because you list an item of property on your bankruptcy schedules and statements that are filed on your behalf with the Bankruptcy Court does not mean that you will automatically lose that item of property to the trustee administering your Bankruptcy case.

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As retirement approaches for Boomers across the country (including my own parents), these future men and women of leisure face a big question: Where should they live out their golden years?

For some, this question is a no-brainer. Staying in the same house that has long-since been paid off, is in close proximity to children and grandchildren, and holds a lifetime of memories simply makes sense. For others, however, this question is much thornier. What if your house is not paid off? What if it’s too big for the two of you? What if your children have moved to a different part of the country? What then?

There are certainly pros and cons to each course of action, depending on your situation. H

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Kids may not show much interest in math and science in a traditional setting, but Camp Invention puts a whole new spin on the idea. The camp was created to help inspire children to open their minds and become innovators, reports Bonner County Daily Bee.

“The main mission here is to get kids interested in science,” said Bob Parker, inventor of the digital thermometer, battery charge tester and other thermal-oriented technologies.

It’s a good thing, then, that about 80 first through sixth-graders get plenty of education amidst all the fun. The k

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Bruce Wills has been elected as the new president of rural lobby group Federated Farmers at its annual meeting in Rotorua today.

The leadership vote, the first to be contested in 15 years, sees Wills assume the helm from Don Nicolson who is stepping down from the position he’s occupied since 2008. Nicolson was elected unopposed.

Wills won out against for other candidates who put their names forward for the position, which included South Canterbury high-country farmer Donald Aubrey, Frank Brenmuhl of Christchurch, and Lachlan McKenzie of Rotorua, the body’s dairy spokesman.

Wills had previously served as president of Federate Farmer’s Hawkes Bay chapter.

His election today will be followed by the selection of a vice president, with William Rolleston of Timaru, David Rose of Invercargill, and Stewart Wadey of Matamata, vying for the post. The r

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Over the weekend, Euro-zone finance ministers agreed to finalize a new Greek bailout package by mid September and to disburse a further 12 billion euros, according to a Greek finance ministry statement.

“The 17 euro zone ministers agreed that the fifth tranche of a 110-billion-euro bailout agreed with Greece in May 2010 would be paid by July 15, as long as the IMF’s board signs off when it meets on July 8,” reports Jan Strupczewski and Luke Baker for Reuters.

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Oil N’ Gold

More Analysis and Technicals on Crude Oil, Natural Gas, Gold & Silver

The market was at a ‘risk on’ mode as supported by strong economic data. Better-than-expected ADP payrolls and jobless claims data sent Wall Street higher and raised optimism on the June non-farm payroll which is due today. In the commodity sector, oil price rallied further with the front-month contract for WTI crude oil jumped to a 3-week high of 99.42 before settling at 98.67, up +1.04%, while the equivalent Brent crude contract surged to as high as 118.7 before closing at 118.59, up +4.37%. As crude prices have returned to levels before IEA’s announcement of SPR release, the WTI-Brent spread widened again to as much as $20/bbl.

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The US Dollar is mixed this morning as divergent economic data is coupled with a rise in stocks and a fall in commodities. Thin summer liquidity is also in full effect this morning ahead of the long holiday weekend in the US, causing a spike in volatility. U. of Michigan Confidence was released this morning at 71.5, down from last month’s reading of 71.8, and short of the 72.0 expected. However, ISM Manufacturing unexpectedly surged in June in a sign that the industrial sector is rebounding after parts shortages stemming from the Japanese disasters earlier this year weighed on the segment over the past few months. T

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