The December report of the Congressional Oversight Panel comes as no surprise to consumers and their attorneys; TARP may have prevented a bigger financial crisis for the United States but it has failed to stem the foreclosure crisis
February 2010
Recently, I discussed why consumers needed to rethink getting their tax refund quickly with a refund anticipation loan. The same tax prep companies that push the refund anticipation loan have a relatively new tool to help them make even more money (like the high interest is not enough?) from taxpayers. The loading of the refund [...]
Foreclosure defense requires tracing the rights to a mortgage to make sure that the foreclosing party has the right to foreclose. It also requires tracing rights to the payment obligation represented by the underlying promissory note, to insure that the foreclosing party is actually owed the money. (A promissory note is a payment obligation. A [...]
An individual filing for bankruptcy protection may have an asset in the form of compensation not yet received for work done before the filing. It can be wages, sales commissions, or accounts receivable for a self-employed filer. It can even be work in progress but not yet billed. The items are really the same thing: Compensation which [...]
Ralph Waldo Emmerson said; “In order to learn the most important lessons of life, one must each day surmount a fear.” How true this statement is especially if you are considering filing bankruptcy. The life lesson we must each face as adults is how to handle our finances. In handling our finances during these days [...]
A few weeks ago, we explained how simple it is to file a bankruptcy petition. Were you just a little confused? I’m sorry to say Congress intended to make it confusing for you. Let’s go into a little more detail here. Here’s the information you need just to complete the first page of your bankruptcy [...]
