Do not feel embarrassed for filing bankruptcy. Illinois Bankruptcy Attorney Andy Miofsky says, “Bad things can happen to good people.” When you suffer financial misfortune, bankruptcy offers a solution. First off, few will learn of the bankruptcy. While the filing may be reported in certain law-related publications, most major newspapers and local newspapers do not [...]
March 2009
Without substantial changes to the mortgage market and modifications to indiviual mortgages, the current crisis is likely to hit another round of defaults and foreclosures in the next couple years. You might have heard Federal Reserve Chairman Ben Bernanke predicted the recession may be ending this year. John Hussman of Hussman Funds thinks that the [...]
Banks had to write off as uncollectible over 6% of their credit card balances in the last three months of 2008. If this is what “nearing the end of a recession” looks like, let’s hope it ends soon. We have reported here about the banks (and American Express) cutting credit lines to reduce their exposure [...]
View this video report by Dateline NBC showing very disturbing debt collection practices. If you believe you have suffered from abusive debt collection, you should contact an experienced consumer attorney to discuss your situation.
The answer is maybe. View this disturbing video report by Dateline NBC showing certain debt collectors and their companies. The report discusses abusive debt collection practices. It also shows debt collectors posing as attorneys in order to collect money. Most shocking, the report indicates that some collectors Dateline encountered have serious criminal records! If you [...]
watch?v=Y8bW1EUfB34 In certain cases, mortgage foreclosure defense can be so effective that the Plaintiff prosecuting the foreclosure is unable to successfully foreclose. This has been known to happen in cases involving “lost promissory notes” where the foreclosing Plaintiff is unable to prove standing sufficient to enforce the mortgage. So what happens to the borrower’s status [...]
