By Brett Weiss, Maryland Bankruptcy Attorney on Jul 4, 2007 in Benefits of Bankruptcy, Chapter 13 Bankruptcy, Consumer Protection, Foreclosure Issues, General Bankruptcy Information, Maryland, Mortgages, Protecting Assets In Bankruptcy | 1 Comment
Maryland is not the most consumer-friendly state when it comes to foreclosures. The timeframes are short, the notice requirements are minimal, and there is little leeway for error.
If you are in default under the terms of your mortgage or deed of trust (there are only technical difference between the two), your lender may file a [...]
Popularity: 6% [?]
By Wendell Sherk, Missouri Attorney on Jul 4, 2007 in Consumer Protection, Foreclosure Issues, Missouri, Mortgages | 2 Comments
Think consumers borrow too much money? Hedge funds make shopaholics look conservative. A hedge fund can take a dollar from wealthy or institutional investors, borrow several times that dollar, and then buy high risk investments for handsome returns or terrifying losses very quickly. And they currently do so largely out of [...]
Popularity: 3% [?]
By Cathy Moran, California bankruptcy lawyer on Jul 4, 2007 in General Bankruptcy Information, Life After Bankruptcy, Personal Finance, Protecting Assets In Bankruptcy | 0 Comments
The Holy Grail of a certain set of financial/business planners is “asset protection“: have the benefit of your assets while keeping them locked away from your creditors. Asset protection strategies run the gamet from straight forward to sleazy to fraudulent.
Too often overlooked by the less than filthy rich is the government’s asset [...]
Popularity: 3% [?]
By Chip Parker, Jacksonville Bankruptcy Attorney on Jul 4, 2007 in Consumer Protection, Debt Collector Abuses, Florida, Foreclosure Issues, General Bankruptcy Information, Personal Finance | 0 Comments
In today’s (July 4, 2007) paper, the Associated Press reports that late payments are up for equity lines of credit but down for credit card payments. This news seems to indicate a trend that more people are opting to pay unsecured credit cards than loans secured by their homes, despite the fact that most people [...]
Popularity: 4% [?]
By L. Jed Berliner, Springfield Bankruptcy Attorney on Jul 4, 2007 in Bankruptcy Practice and Procedure, Benefits of Bankruptcy, Consumer Protection, Discharge, What Can and Cannot Be Forgiven, General Bankruptcy Information, Massachusetts, Mortgages, Protecting Assets In Bankruptcy | 0 Comments
Most refinancings and second mortgages, but not original purchase mortgages, must include a paper telling you that you can cancel the loan within three days of the closing. This is a critical right of rescission you have under federal law.
The three days can be extended up to three years if the notice was not [...]
Popularity: 4% [?]
By Jay Fleischman, New York Bankruptcy Attorney on Jul 4, 2007 in Personal Finance | 0 Comments
Fidelity National Information Services, a financial processing company, said Tuesday that a worker at one of its subsidiaries stole 2.3 million consumer records containing credit card, bank account and other personal information. The employee sold the information to an unidentified data broker who sold it to several direct marketing companies, but the data was not [...]
Popularity: 2% [?]
