Washington Post By Dina ElBoghdady Wednesday, Apr 13, 2011 Three federal agencies announced agreements with the nation’s largest mortgage servicers Wednesday that aim to stem shoddy foreclosure practices. But the plans do not immediately impose financial penalties on the companies or force them to reduce the mortgage debt for troubled borrowers. The deals require the […]
Mortgage Services Agree To Reforms Read More »
By CHARLES WALLACE Posted 9:30 AM 08/31/10 Economy, Credit By CHARLES WALLACE Posted 9:30 AM 08/31/10 Economy, Credit Consumers are being warned to exercise extreme caution in dealing with companies that offer to reduce credit card debts. The warning follows a little-noticed rule announced by the Federal Trade Commission which is likely to put many
Consumers Face Huge Losses With Debt Settlement Firms Read More »
* Consumer filings up 18 pct, business filings up 2 pct * Nevada has most filings per capita, Arizona filings soar By Jonathan Stempel NEW YORK, May 14 (Reuters) – U.S. bankruptcy filings resumed their upward climb in the first quarter, nearly equaling their highest level since 2005, as high unemployment and a still-strained housing
US bankruptcies resume upward path in 1st quarter Read More »
By Mark Lieberman, Senior Economist Source: FOXBusiness During the debate over changes in personal bankruptcy laws, bankers were tripping over themselves to get Congress to agree to changes to make filing personal bankruptcy more difficult. The changes, they argued, would make borrowers more responsible – and by the way reduce bank losses as debts could
Did Changing Bankruptcy Laws Cause the Mortgage Mess? Read More »
By Anna Gustafson Three Queens homeowners filed a lawsuit against JP Morgan Chase Bank Tuesday for allegedly illegally delaying and denying their applications for foreclosure relief. The Jamaica, Queens Village and Fresh Meadows residents and attorneys from the Urban Justice Center filed the suit in federal court in Brooklyn that alleges the bank refused to
Queens homeowners sue Chase to gain relief from foreclosure Read More »
Palm Beach Gardens firm accused of filing lawsuits just to collect legal fees. Since starting their own collection agency, LaBovick & LaBovick has filed more than 1,200 suits in Broward court — almost all of which seek less than $50 in damages By Jane Musgrave, The Palm Beach Post A Palm Beach Gardens law firm
LAW FIRM SUED FOR FILING FRIVOLOUS LAWSUITS Read More »
Monica Johnson was being harassed and threatened by debt collectors until she fought back and sued. As Susan Koeppen reports, this is one of many similar cases. Watch CBS News Videos Online
Fighting Abusive Debt Collectors Read More »
Source: http://www.creditandcollectionnews.com/viewer.php?url=http%3A%2F%2Fwww.lohud.com%2Farticle%2F20100506%2FNEWS01%2F5060372%2F1018%2FNEWS02%2FCongress-may-extend-bankruptcy-relief-to-private-student-loans College graduates overwhelmed by private student loans could see bankruptcy relief if proposed legislation makes its way through Capitol Hill. Supporters of the Private Student Loan Bankruptcy Fairness Act of 2010 argue that private borrowers lack important consumer protections that come with federal loans — such as deferment plans and income-based repayment options.
Congress may extend bankruptcy relief to private student loans Read More »
Source: click here ANDY MEEK | The Daily News A new class action lawsuit has been filed over the practices of a Texas law firm that’s been under fire for years over the way it collects delinquent taxes from Memphis taxpayers. Two local attorneys filed the suit against Linebarger, Goggan, Blair & Sampson LLP, which
LINEBARGER SUED FOR CHARGING DELINQUENT TAXPAYERS OVER 10% OF Attorney Fees Read More »
A Chapter 13 is reorganization. The debtor, the individual or husband and wife filing the bankruptcy, maintain(s) possession of their exempt and non-exempt and pay(s) to the Chapter 13 trustee their disposable income for a period of at least 36 months and up to 60 months. In most cases, disposable income is the difference between
