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Archive for August 3rd, 2007

Can You Keep Credit Cards Out Of Your Bankruptcy? »

All your debts must be listed in your bankruptcy petition. You can’t pick or chose what to list or not. When you sign your bankruptcy documents, you are swearing that everyone you owe money to is listed in those documents.
If you have a credit card without a balance on it, your don’t have [...]

Most Mortgage Inspection Fees Barred, Says Judge »

Mortgage holders have been accused of inflating their claims with trumped-up charges, including phony inspection fees. No more, says one judge.
In a recent unpublished decision, Massachusetts Chief Bankruptcy Judge Henry J. Boroff announced a refusal to allow mortgage inspection fees unless it can be shown the inspection actually happened and was worthwhile.
This is good [...]

Top Ten Personal Finance Mistakes - Part 5 »

The biggest mistake anyone can make is failing to have an emergency fund. When you don’t have even the smallest amount put aside for an emergency, any unplanned expense can start the ball rolling to financial ruin. Whip out the plastic and pay for the failure to save for the next ten to [...]

Can My Social Security Payment be Taken to Pay My Student Loans? »

Surprisingly, yes!  Several years ago, Congress passed legislation allowing up to 25% of a social security check to be taken to re-pay student loans.  This includes accrued interest on the loan(s) and will continue for as long as it takes to re-pay them. 
Student loans don’t go away – there is no statute of limitations on [...]