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I was watching the news recently and it caught my attention that the State of North Carolina says that it had paid  lots of people more than it should have in unemployment benefits.  Because of this, the State will seek to recover the amount that it claims it overpaid.  See article here.  If you were receiving unemployment and the State says you were […]

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

We are a modern society…we want it now, we want it quick, we don’t like to wait.   Tax preparers know this.   Over the years, some tax preparation agencies have offered a refund anticipation loan (RAL) or to put a consumer’s refund on a plastic card that is similar to a debit card.  The fees for […]

You can still get the tax credit for buying a new home, but time is running out.  The much heralded tax credit for new home buyers was extended in November 2009. The tax credit is available to both first-time home buyers and homeowners who have owned their home for five years. First-time homeowners will receive […]

Debtors are frequently scared of chapter 7 trustees.  They don’t have to be. The general idea of bankruptcy is pretty simple. An honest debtor gets a discharge in bankruptcy.  The price of a discharge in bankruptcy is that the non-exempt assets of a debtor may be sold (liquidated) and the proceeds distributed to creditors. In […]

If you are lucky enough to get your mortgage company to offer a meaningful modification of your mortgage while you are in a Chapter 13, you probably can get the Trustee and the Court to agree to allow it. There are a number of issues, however, that need to be addressed. Before modifying your mortgage […]