Part 15 of my review of Kevin Trudeau’s book, “Debt Cures “They” Don’t Want You to Know” examines Chapter 20: Stop Debt Collectors Cold. The purpose of the review is to examine whether Trudeau, who has had extensive involvement with credit card fraud and the Federal Trade Commission for some of his previous books, makes any sense [...]
April 2009
Credit Card Industry Tactics–Suddenly, Bankruptcy Becomes Less Painful Than Default On A Credit Card
For the last several weeks, I have been posting reviews of chapters of Kevin Trudeau’s book, Debt Cures “They” Don’t Want You To Know. The reviews have been posted on the Bankruptcy Law Network, Credit Law Network, Debt Law Network and Mortgage Law Network. In Part 3, following the review, I posted my personal results [...]
The Louisiana Legislature began its 2009 regular Legislative Sessions on Monday, April 27, 2009. Two bills are before the Louisiana House of Representatives that would raise the Homestead Exemption from seizure of a house by unsecured creditors. The homestead exemption from seizure is not to be confused with the homestead exemption that most Louisiana residents [...]
We need your help! The Senate is set to consider Senate Bill 61 titled “Help Families Save Their Homes” which will allow bankruptcy judges to modify mortgages in chapter 13 bankruptcy cases. You can contact your senator and express your support for S.61 by following this link here. As previously posted on this blog on [...]
It’s possible to protect college funds (529 Plans; Educational IRAs) when filing bankruptcy. Complicated, but possible. Bankruptcy law looks at the timing of the contributions and not the current balance. Here are the rules: 1. Contributions made earlier than 720 days before a bankruptcy case is filed are fully protected. 2. Contributions later than 720 [...]
In my recent article on reasons to delay the filing of a bankruptcy to avoid issues of preferential payments in pre-bankruptcy transfers, I addressed the right of the bankruptcy trustee to set aside preferential transfers. Related to the preferential transfer issue, and another reason to possibly delay the filing of a bankruptcy is to permit a debtor [...]
