Read those loan modification documents! All the fine print, every page. Take your time and make sure you understand exactly the terms of the modified loan. Watch out for bad terms in the fine print. Clients Joe and Mary were shocked to learn recently that the loan modification they had succeeded in getting was not [...]
September 2009
CIN Legal Data Services has partnered with CreditXpert Inc. to offer a before and after bankruptcy credit score analysis called myHorizon, which provides potential bankruptcy debtors with their current credit score and an estimated credit score for 12 months after bankruptcy. By taking a debtor’s current credit profile and modifying it to reflect a bankruptcy [...]
Don’t put off filing your income tax returns because you can’t afford the fees of the tax preparers. If you access to a computer and the Internet, and you make less then $56,000 annually, you can file your federal tax return online for free using the Internal Revenue Service program called Free File. The software [...]
More student loans are not dischargeable in bankruptcy than ever before and the definition of student loan has been expanded to include private loans and expenses that are not “loans” in the traditional sense of the word loan. The changes came after Congress passed the s0-called bankruptcy reform act in 2005 known as the Bankruptcy [...]
Mortgage modification legislation surfaces again.
Reaffirming a debt, especially a mortgage debt, is not a decision that should be entered into lightly as I discuss in more detail on my Atlanta bankruptcy web site.  I recently received an email from a lady who apparently discharged her personal liability for a mortgage in a Chapter 7 then post-discharge entered into a [...]
