31 Jan Payday Loans Are Not “Cash Advances” Under Bankruptcy Law
Discharging payday loans in bankruptcy is easier than you may think and easier than the lender may want you to know....
Discharge of Debt
09 Jan Bankruptcy Rule 3002.1: An Unlikely New Weapon Against Debtors
It has been five years since Congress and the U.S. Supreme Court enacted Bankruptcy Rule 3002.1. Hailed as a victory for homeowners against greedy mortgage banks, the rule was designed to force banks to certify to the court that the homeowner was current in payments...
06 May What Can You Do About a Judgment Lien from an Out-of-Business Creditor
Posted at 11:04h
in Consumer Credit Issues, Debt Collection Lawsuits, Debt settlement, Discharge of Debt
0 Comments
What can you do about a judgment lien filed against you by a creditor or debt buyer that is now out of business?
Law firms like Mann, Bracken that have closed down, filed bankruptcy themselves, or otherwise disappeared still appear as judgment creditors on thousands of credit reports. In many cases, you may have legitimate grounds to challenge these judgments:
- bad service
- insufficient documentation
- incorrect identity
24 Mar What To Do If You Are a Creditor In a Bankruptcy?
Posted at 17:16h
in Bankruptcy Basics, Business Bankruptcy, Chapter 11 Bankruptcy, Chapter 13 Bankruptcy, Chapter 7 Bankruptcy, Consumer Credit Issues, Discharge of Debt
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Most of the posts on this blog, and in fact on most bankruptcy blogs, focus on the consumer as the bankruptcy debtor. That makes sense--most bankruptcy cases involve a consumer debtor and a number of institutional creditors, like banks and credit card companies. And those banks...
04 Apr Your House Is In Foreclosure: What Should You Do? Part Two
Posted at 11:04h
in Bankruptcy Basics, Chapter 13 Bankruptcy, Consumer Credit Issues, Discharge of Debt, Foreclosure Defense, Mortgage Modification
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In Part One, I discussed some of the options you may consider when your house (or other property) is in foreclosure, namely mortgage modifications and short sales. This post will focus on whether a deed in lieu of foreclosure, or a Chapter 13 bankruptcy may...
06 Mar Can Bankruptcy Rescue You from a Financial Scam?
Posted at 14:03h
in Consumer Credit Issues, Debt settlement, Discharge of Debt, Foreclosure Rescue Scams
0 Comments
Has anyone ever offered you $500, $1,000, $2,000 or more for you to sign your name - no strings attached?
Assuming you are not a celebrity working an autograph show, cash offers like this are not likely to happen. Yet I hear stories about these “too good to be true†offers at least once or twice a year from my bankruptcy clients. And when I see this type of situation, I know that my client likely has a real mess on his hands.
One of these cases from several years ago sticks out in my mind. I’m going to change the facts to protect my client’s privacy but the principle will not change. My client, Jack, worked in the billing department for a county government, and he lived in a quiet, residential neighborhood. Jack had no pressing financial issues.