A Minnesota bankruptcy court recently held that the income of a non-debtor wife should not be considered to increase the income of a chapter 7 debtor, for purposes of considering whether the husband’s student loans should be discharged as constituting an “undue hardship.” The court held that while the wife’s income could be considered to the extent [...]
April 2009
No, if you paid your original lender on time, the new lender cannot charge you a late fee for the first 60 days after a transfer, according to the federal Real Estate Settlement Procedures Act. Plus, each lender is required to give you notice 15 days before your payment is due when an account is [...]
“You should get your car title after you receive a discharge at the end of your chapter 13 case,.” says Illinois Bankruptcy Attorney Andy Miofsky. Most bankruptcy courts require the chapter 13 trustee to serve as the paying agent for car loans. There are a few exceptions, but generally you pay a monthly amount to [...]
Just in case you don’t worry about enough about debt, you can now follow the National Debt using your favorite Social Messaging service. To get a daily report on the National Debt using Twitter go to http://twitter.com/nationaldebt. Facebook also lets you follow the National Debt by going to http://www.facebook.com/pages/The-National-Debt/72709485411?v=wall&viewas=0 and becoming a fan. Both links are [...]
