Asia Markets: Japanese GDP, BOJ meeting on tap for Asia
Asian investors are expected to focus on the Japanese economy in the week ahead, with gross domestic product data due and a policy meeting scheduled at the Bank of Japan. <p><a href="http://feedads.g.doubleclick.net/~at/ZkO1O0raz_OwggiCp3DPECMGiYU/0/da"><img src="http://feedads.g.doubleclick.net/~at/ZkO1O0raz_OwggiCp3DPECMGiYU/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/ZkO1O0raz_OwggiCp3DPECMGiYU/1/da"><img src="http://feedads.g.doubleclick.net/~at/ZkO1O0raz_OwggiCp3DPECMGiYU/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ajIHuiPy9nw:rJJvlkd83cw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ajIHuiPy9nw:rJJvlkd83cw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=ajIHuiPy9nw:rJJvlkd83cw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ajIHuiPy9nw:rJJvlkd83cw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=ajIHuiPy9nw:rJJvlkd83cw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ajIHuiPy9nw:rJJvlkd83cw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/ajIHuiPy9nw" height="1" width="1"/>
Market Snapshot: U.S. investors look to data, Fed talk next week
U.S. investors will be looking for more signs of economic recovery in data due next week, hints from Federal Reserve officials on the interest rate outlook, and quarterly results from the likes of Zynga and General Motors as they continue to keep an eye on Greek efforts to avoid default. <p><a href="http://feedads.g.doubleclick.net/~at/KJiPCqj-szbhvSdFT9bQgUuwxfM/0/da"><img src="http://feedads.g.doubleclick.net/~at/KJiPCqj-szbhvSdFT9bQgUuwxfM/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/KJiPCqj-szbhvSdFT9bQgUuwxfM/1/da"><img src="http://feedads.g.doubleclick.net/~at/KJiPCqj-szbhvSdFT9bQgUuwxfM/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=4bVfbrErw3w:u0IlZzaJ-dE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=4bVfbrErw3w:u0IlZzaJ-dE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=4bVfbrErw3w:u0IlZzaJ-dE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=4bVfbrErw3w:u0IlZzaJ-dE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=4bVfbrErw3w:u0IlZzaJ-dE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=4bVfbrErw3w:u0IlZzaJ-dE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/4bVfbrErw3w" height="1" width="1"/>
Obama readies new budget plan
President Barack Obama on Monday will formally submit his fiscal 2013 budget plan to Congress and it is likely to look more like a blueprint for the re-election campaign rather than a serious budget proposal, analysts said. <p><a href="http://feedads.g.doubleclick.net/~at/2wxWXSn2FvTjKY3Hjd7SUMn3bYE/0/da"><img src="http://feedads.g.doubleclick.net/~at/2wxWXSn2FvTjKY3Hjd7SUMn3bYE/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/2wxWXSn2FvTjKY3Hjd7SUMn3bYE/1/da"><img src="http://feedads.g.doubleclick.net/~at/2wxWXSn2FvTjKY3Hjd7SUMn3bYE/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ieInWr2qheU:ujGKmZ-PZIY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ieInWr2qheU:ujGKmZ-PZIY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=ieInWr2qheU:ujGKmZ-PZIY:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ieInWr2qheU:ujGKmZ-PZIY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=ieInWr2qheU:ujGKmZ-PZIY:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=ieInWr2qheU:ujGKmZ-PZIY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/ieInWr2qheU" height="1" width="1"/>
Market Snapshot: U.S. stocks have worst day of the year
U.S. stocks make their biggest drop of the year Friday, quitting five weeks of gains for the S&P 500 and Nasdaq Composite, on worries that efforts to keep Greece from defaulting were falling apart. <p><a href="http://feedads.g.doubleclick.net/~at/QuUIFVx-noTnYSmqqtmdblkQD8U/0/da"><img src="http://feedads.g.doubleclick.net/~at/QuUIFVx-noTnYSmqqtmdblkQD8U/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/QuUIFVx-noTnYSmqqtmdblkQD8U/1/da"><img src="http://feedads.g.doubleclick.net/~at/QuUIFVx-noTnYSmqqtmdblkQD8U/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=Gz06mCziLnM:mWTGWdw69B0:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=Gz06mCziLnM:mWTGWdw69B0:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=Gz06mCziLnM:mWTGWdw69B0:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=Gz06mCziLnM:mWTGWdw69B0:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=Gz06mCziLnM:mWTGWdw69B0:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=Gz06mCziLnM:mWTGWdw69B0:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/Gz06mCziLnM" height="1" width="1"/>
Washington Calendar: Washington events for Feb. 13 - 17
A guide to the key news events and economic data in Washington during the week. <p><a href="http://feedads.g.doubleclick.net/~at/Ql7AaPLvSt8FT0ktWCPDPb4uXLg/0/da"><img src="http://feedads.g.doubleclick.net/~at/Ql7AaPLvSt8FT0ktWCPDPb4uXLg/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/Ql7AaPLvSt8FT0ktWCPDPb4uXLg/1/da"><img src="http://feedads.g.doubleclick.net/~at/Ql7AaPLvSt8FT0ktWCPDPb4uXLg/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=zrmz-ZHgOLc:UnJKpNQcFzw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=zrmz-ZHgOLc:UnJKpNQcFzw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=zrmz-ZHgOLc:UnJKpNQcFzw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=zrmz-ZHgOLc:UnJKpNQcFzw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=zrmz-ZHgOLc:UnJKpNQcFzw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=zrmz-ZHgOLc:UnJKpNQcFzw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/zrmz-ZHgOLc" height="1" width="1"/>
Currencies: Dollar gains on Greece uncertainty
The U.S. currency moves higher after euro-zone ministers hold off on approving a second bailout for Greece until the country?s parliament signs off on tough austerity measures. <p><a href="http://feedads.g.doubleclick.net/~at/10XG3uwNcUXuIEPDoX5ZWsLVxt0/0/da"><img src="http://feedads.g.doubleclick.net/~at/10XG3uwNcUXuIEPDoX5ZWsLVxt0/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/10XG3uwNcUXuIEPDoX5ZWsLVxt0/1/da"><img src="http://feedads.g.doubleclick.net/~at/10XG3uwNcUXuIEPDoX5ZWsLVxt0/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=f32ikE78zlI:p_lPMwnmUaM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=f32ikE78zlI:p_lPMwnmUaM:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=f32ikE78zlI:p_lPMwnmUaM:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=f32ikE78zlI:p_lPMwnmUaM:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=f32ikE78zlI:p_lPMwnmUaM:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=f32ikE78zlI:p_lPMwnmUaM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/f32ikE78zlI" height="1" width="1"/>
Bond Report: Treasurys gain; Greece goes back to drawing board
U.S. debt prices jump as European leaders said Greece needs to do more before they would disburse the next tranche of bailout money. <p><a href="http://feedads.g.doubleclick.net/~at/9wVd0k8nYKdMOqqTAKR0WXAbx3s/0/da"><img src="http://feedads.g.doubleclick.net/~at/9wVd0k8nYKdMOqqTAKR0WXAbx3s/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/9wVd0k8nYKdMOqqTAKR0WXAbx3s/1/da"><img src="http://feedads.g.doubleclick.net/~at/9wVd0k8nYKdMOqqTAKR0WXAbx3s/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=J4S4M7DlBnk:kgOjbOYwGko:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=J4S4M7DlBnk:kgOjbOYwGko:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=J4S4M7DlBnk:kgOjbOYwGko:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=J4S4M7DlBnk:kgOjbOYwGko:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=J4S4M7DlBnk:kgOjbOYwGko:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=J4S4M7DlBnk:kgOjbOYwGko:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/J4S4M7DlBnk" height="1" width="1"/>
Bachus says he will be exonerated in ethics probe
The chairman of the House Financial Services Committee said Friday that he expects to be fully exonerated from an Office of Congressional Ethics investigation into alleged violations of insider trading laws. <p><a href="http://feedads.g.doubleclick.net/~at/hlJRSPdwG_1gtxzitFK6-oQNzvo/0/da"><img src="http://feedads.g.doubleclick.net/~at/hlJRSPdwG_1gtxzitFK6-oQNzvo/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/hlJRSPdwG_1gtxzitFK6-oQNzvo/1/da"><img src="http://feedads.g.doubleclick.net/~at/hlJRSPdwG_1gtxzitFK6-oQNzvo/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=l60zaG1DZB4:r1mrwYSXoAQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=l60zaG1DZB4:r1mrwYSXoAQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=l60zaG1DZB4:r1mrwYSXoAQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=l60zaG1DZB4:r1mrwYSXoAQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=l60zaG1DZB4:r1mrwYSXoAQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=l60zaG1DZB4:r1mrwYSXoAQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/l60zaG1DZB4" height="1" width="1"/>
Metals Stocks: Gold ends lower as Greece delay hits commodities
Gold prices give up the previous day?s gains and then some, pressured by a expected delays in getting Greece a second bailout package, and a stronger dollar. <p><a href="http://feedads.g.doubleclick.net/~at/iIYnWtoONWdNN3I2cyx4BIXvI4k/0/da"><img src="http://feedads.g.doubleclick.net/~at/iIYnWtoONWdNN3I2cyx4BIXvI4k/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/iIYnWtoONWdNN3I2cyx4BIXvI4k/1/da"><img src="http://feedads.g.doubleclick.net/~at/iIYnWtoONWdNN3I2cyx4BIXvI4k/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=juPIQIimkjI:TKNUIhW1-IE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=juPIQIimkjI:TKNUIhW1-IE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=juPIQIimkjI:TKNUIhW1-IE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=juPIQIimkjI:TKNUIhW1-IE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=juPIQIimkjI:TKNUIhW1-IE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=juPIQIimkjI:TKNUIhW1-IE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/juPIQIimkjI" height="1" width="1"/>
Economic Report: U.S. federal deficit $27.4 billion in January
The U.S. government rate a deficit of $27.4 billion in January, down sharply from the same month in 2011, but timing issues related to benefit payments explain about half of the improvement.. <p><a href="http://feedads.g.doubleclick.net/~at/td2fAh1siPwXAXqyTghx9VuMm4I/0/da"><img src="http://feedads.g.doubleclick.net/~at/td2fAh1siPwXAXqyTghx9VuMm4I/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~at/td2fAh1siPwXAXqyTghx9VuMm4I/1/da"><img src="http://feedads.g.doubleclick.net/~at/td2fAh1siPwXAXqyTghx9VuMm4I/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=NO2e5EBBI7w:3d5i0WVVtYM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=NO2e5EBBI7w:3d5i0WVVtYM:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=NO2e5EBBI7w:3d5i0WVVtYM:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=NO2e5EBBI7w:3d5i0WVVtYM:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?i=NO2e5EBBI7w:3d5i0WVVtYM:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.marketwatch.com/~ff/marketwatch/financial?a=NO2e5EBBI7w:3d5i0WVVtYM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/marketwatch/financial?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/marketwatch/financial/~4/NO2e5EBBI7w" height="1" width="1"/>


a rehabilitation type of bankruptcy. But how do these types of bankruptcy affect real life?

Chapter 7 bankruptcy may be appropriate for someone who has car or house payments that have been kept current but has little equity in these assets. If you find yourself using your entire paycheck to make payments on debts, you may do well with Chapter 7 bankruptcy.

With Chapter 7 bankruptcy a debtor is given a chance to start over and not have to repay particular types of loans, like signature loans or credit card debt, while keeping most or even all of their property.

For those with a lot of equity in a house, for example, Chapter 13 bankruptcy may be more appropriate because this greater equity can be protected with exemption not provided for real estate in Chapter 7.

You will have to file also with a credit counseling service. For all bankruptcy cases filed after October 17, 2005, the debtor must acquire a certificate from a credit counseling agency that is approved, before the debtor can file a bankruptcy case.

You will also have to file schedules, petitions and statements of financial affairs with the court that handles your bankruptcy case. This will include all your paper bills and bank account statements.

You will also be required to meet with the trustee in you case, generally within 30 to 40 days after the case is filed. He or she will conduct a brief (usually 15-20 minutes) meeting where the trustee will determine if you have any property that is not exempt. If you do, he or she will sell the property and pay the proceeds to the creditor.

The last steps to getting through bankruptcy are financial management training and finally, discharge. The official classes only take about two hours and must be completed within 45 days after the day you meet with the trustee. When you are discharged from bankruptcy you will be able to qualify for most credit that you could before you filed.


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