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How Does Chapter 13 Bankruptcy Work? Posted on Aug 26, 2016 By Ed Woods August 26, 2016 by Ed Woods One very powerful remedy that financially strapped consumers have is a discharge pursuant to Chapter 13 of the federal Bankruptcy Code. Chapter 13 bankruptcy is so named because it is Chapter 13 of Title 11 of the United States Code.
What is a Violation of the Automatic Stay? Posted on Aug 24, 2016 By Bradford Botes August 24, 2016 by Bradford Botes For many of our clients, the automatic stay is the best thing that has happened to them in a long, long time. In fact, in my opinion, there is no other provision of the law that can do more good for an individual more quickly than the automatic stay.
Many folks who come into our office are carrying mountains of long term student loan debt. The good news is a lot of people are in the new income based repayment plans that are being offered. I previously wrote about some of these plan here. There are also some circumstances where student loans can be discharged in bankruptcy, although the requirements to prove hardship are ve ...
According to NASA, a total coast-to-coast eclipse of the sun hasn’t been seen in the U.S. in 99 years, so the Aug. 21 event will be a can’t-miss for many of us. A total solar eclipse is caused by a unique set of circumstances. Oddly enough, the sun is 400 times larger than the moon — but it’s also 400 times farther away.
This episode of the Next Lawyer Up podcast features attorney Steven N. Peskind This podcast, as you’ll hear, is very personal to me. Steve Peskind is a great lawyer with many accolades. He practices throughout Illinois and his office is located in the far western suburbs of Chicago in the Fox River area. I initially met Steve when he was a young lawyer first practicing in Aurora.
Last week, the Jackson Free Press in Jackson, Mississippi reported that Mississippi payday lender, All American Check Cashing, Inc., is in trouble again. This time, it’s with the Consumer Financial Protection Bureau (CFPB). The CFPB alleges that All American has engaged in a range of improper practices including hiding check cashing fee schedules, misleading people into taking ...
Do you hear commercials or see ads everywhere that say, “Need some extra cash?” “Want to work from home?” It is everywhere. Have you ever heard the term Multilevel-marketing companies? They are also called MLMs or are doing “direct-sales.” They are very similar or arguably could be called a pyramid scheme.
My last blog post detailed how widespread frivolous prescriptions for opioid pain killers have been in North Alabama. In this blog post, I will widen the scope a bit and cover the impact opioid abuse has had both nationally as well as locally. Deaths Related to Opioids In a data chart available from the Centers for Disease Control and Prevention (CDC), over the span of 2008 to ...
As my law partner pointed out recently, new data released by the Federal Reserve shows that credit cards debt has reached over 1 trillion in the United States. This is the highest it has been since before the recession in 2008. Creditcard.com states that the average consumer in America owes approximately $9,600 in credit card debt. A recent creditcard.
How much information is too much information? Many times clients ask me why we need so much information about them “just to file Bankruptcy.” That is when I go on to explain that Bankruptcy is a very serious process and there are many pitfalls for an individual if one fails to disclose all of his or her assets.
If you have not paid any overdraft fees in the last year, then you are apparently in the minority. According to a recent article by CNN Money, Americans have racked up billions of dollars’ worth of overdraft charges. Overdrafting is when a customer tries to make a purchase without enough money in their account to cover the transaction.
It is no surprise that the amount of income you have effects your ability to file a bankruptcy case. However, there are many different types of income. Wages, tips, Social Security, and VA Disability income are just a few. Be aware that just because you may not have to file income taxes on all or a part of your income, that doesn’t mean you can leave it out when filing bankruptcy.
The Federal Communications Commission (FCC) has proposed an $82 million fine against a man who has allegedly made millions of automated sales calls. The FCC has accused Philip Roesel and Best Insurance Contracts dba Wilmington Insurance Quotes, of violating the Truth in Caller ID act. According to the FCC, Roesel and his company made 21 million automated calls, also known as ro ...
This episode of the Next Lawyer Up podcast features attorney Larry Heinkel I was recently in Tampa Bay, Florida for a hearing and I thought I would catch up with attorney Larry Heinkel. Larry’s office is nearby, in St. Pete, and he represents taxpayers nationwide on their federal tax problems. His website name really sums up what he does – www.taxproblemsolver.com.
With back to school right around the corner, many shoppers are hitting stores and using credit card to pay for their purchases. A recent report by the U.S. Federal Reserve showed total consumer borrowing rose by 18.4 billion in May which is the strongest gain since November’s $25.1 billion increase.
Last month I blogged about issue of debt collection against our veterans and the issue of the treatment of our veterans continues to weigh on my mind. It would not be hard for anyone reading my blogs to determine I am a liberal. In fact, a description of me as a Yellow Dog Democrat will never offend me. And as a liberal, I generally believe war stinks. In fact, I hate it.
First of all, if you have been sued by any of the NCSLT trusts, don’t delay! Failure to answer a NCLST lawsuit will result in a default judgment against you which means you lose. Judgments can have very severe and detrimental consequences to consumers on many different fronts. What is a Judicial Lien? Are You Being Sued or Harassed By a Debt Buyer? Debt Buyer Lawsuits ...
Wells Fargo has been in the news quite a lot over the last few years. In April 2016 Wells Fargo agreed to pay $1.2 Billion for Improper Mortgage Lending Practices. In June 2016 Wells Fargo agreed to pay $185 million in settlements for Aggressive/Fraudulent Sales Practices after being sued by the Consumer Financial Protection Bureau.
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