If you had overlapping insurance, meaning you had your own insurance policy at the same time the mortgage lender had force placed insurance a/k/a lender placed insurance on your property, the mortgage lender can obtain a refund of the premiums for the force placed insurance for the periods in which you had overlapping coverage in [...]
October 2007
Courts are split about evenly as to whether an over-the-median bankruptcy debtor can take an ownership expense deduction on the means test if they own a car but do not have a car loan or lease on it. Could a debtor borrow money to purchase a car shortly before filing bankruptcy, give the lender a [...]
Force placed insurance, sometimes referred to as lender placed insurance, is bad, VERY BAD, for the Debtor/Borrower! It is very costly and does not protect you, the borrower. Many borrowers believe this coverage will cover their contents. Wrong! Further, unless the mortgage documents provide otherwise, the borrower does not have the right to cancel the [...]
The website of the Pennsylvania Department of Banking has several features intended to better to inform consumers for the purpose of protecting them from scams and predatory lending. The main page related to consumer protection is located here. The page contains the following links:
I was astounded while looking through one of my client’s papers to ready her case for filing to find a webpage printout from a “bankruptcy info” page that said: “medical debt that is not paid within three-six months of the date of treatment is uncollectible”. The author of that page went on to state that [...]
The last date most creditors can file proofs of claim in a Chapter 13 case is 90 days after the first scheduled meeting of creditors. Governmental units get 180 days from the date the petition was filed. Under the new bankruptcy law, BAPCPA, this deadline to file claims is usually after the confirmation of the [...]
