In his recent article, Who says pimpin ain’t easy? prominent Florida bankruptcy lawyer Chip Parker calls attention to a sweet deal between TCF Financial Corporation and the University of Minnesota allowing a TCF-issued debit card to act as official student ID. Parker and the Business Week article to which he refers identify two problematic areas [...]
September 2007
Foreclosure Assistance Solution’s assets have been frozen by order of a Texas state court, including $13 million it has on deposit with Bank of America, along with the assets of its three insiders, Herb Zerden, Adolfo Quintero, and John Woodruff. A related company J.W.W. Services is another defendant. (Click here for the Texas Attorney General’s [...]
My colleague, Kent Anderson, recently posted about protecting yourself from predatory lending. Politicians are starting to take action, too. On Friday, Kansas Attorney General Paul J. Morrison announced the creation of a task force to investigate the reasons behind home foreclosures, including mortgage fraud and subprime lending. Morrison appointed Kansas Banking Commissioner Tom Thull to [...]
You can stop those unsolicited credit card offers from flooding your mailbox. Just go to www.optoutprescreen.com or call 1-888-5-OPTOUT. Remember that if you signed up when the registry was instituted five years ago then you’ll have to reregister your name on the list. Your registration only lasts for 5 years.
It is called an Adversary Proceeding. What you want to get in a Chapter 7 is a discharge, which means you do not have to pay the debt. There are exceptions to discharge, and a creditor can sue you in the Bankruptcy Court asking that you still have to pay the debt. Always have a [...]
Spokesmen for the loan industry claim that there is no need for Congress to alter provisions of the bankruptcy code to prevent foreclosures. They could not be more wrong. Witness a recent loan offer on the web: 180,000 Mortgage for Under $999 a month! This intriguing offer from www.lowermybills.com popped up in connection with an [...]
