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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.
Discharge of Student Loan Debt Possible in Bankruptcy Posted on Aug 02, 2016 By Robert Reese August 2, 2016 by Robert Reese The discharge of student loan debt is possible in bankruptcy if the borrower can prove an extreme hardship. What does discharge mean? Simply that you are no longer legally liable to repay the debt.
Famous Lawyer F. Lee Bailey Files for Bankruptcy Relief Posted on Jun 29, 2016 By Carla Handy June 29, 2016 by Carla Handy F. Lee Bailey filed for Chapter 7 bankruptcy relief on June 24, 2016. The bankruptcy primarily stems from a huge tax debt that Bailey has been fighting for 22 years. While the facts surrounding the tax debt are fairly complex, stemming from his represen ...
Takata, the Japanese auto maker who has been embroiled in a deadly airbag scandal, filed for bankruptcy protection in the United States on Sunday. Takata’s airbags are the subject of the largest recall in U.S. history. The airbags have been blamed for at least 16 deaths, and Takata has been hit by more than a billion dollars in penalties and costs.
Security clearance issues, it seems, are in the news just about every day as of late. The news covers a lot of areas. Security Clearance Process in the News at the Highest Level Do you have to complete the SF 86 in its entirety to be given Security Clearance that allows access to classified material? Security Clearance Applications (SF 86) – Full and Complete Disclosure ...
According to a recent CNN Money report, another giant retailer is struggling to keep its head above water. Gymboree, a children’s clothing retailer, recently filed for bankruptcy under Chapter 11 to restructure and attempt to stay in business. While the retailer is not at death’s door quite yet, Moody’s, a credit rating firm, recently included Gymboree in a list of 19 retailers ...
We have just finished honoring our military servicemen and women on Memorial Day, the holiday where we pay homage to our veterans who have died serving this country. But in addition to such celebrations, we can do more by insisting that our veterans be treated fairly by the department in charge of their care. The scandal involving the hospitals and medical clinics operated by the U.S.
In my last blog entry I discussed Kentucky Social Security Administration (SSA) disability attorney Eric Conn’s guilty plea and fine for a variety of misdeeds relating to his SSA disability practice. It was the latest of several, as I have covered a number of other aspects relating to the case in earlier blog entries (here and here).
I have long suspected that student loan debt would eventually affect the rate of homeownership in the US. It appears that the Federal Reserve Bank of New York agrees. According to a new report from the Federal Reserve Bank, homeownership rates are far higher for those who graduated from college than those who never earned a degree.
CNN Money recently reported on the continuing challenges facing retail stores. According to the article, more than 300 retailers have filed for bankruptcy this year. This represents a 31% increase over last year. And while many of these bankruptcy filings are small local retailers, there are some big names on the list.
A recent CNBC article says according to a 2013 survey of consumer finances by the Federal Reserve, approximately 42% of households with someone age 65 to 74 have a home secured by debt. This number has grown from only 18.5% in 1992 and 32% in 2004. It is expected that this figure will continue to rise because an estimated 10,000 people per day turn 65 as part of the baby boom population.
This episode of the Next Lawyer Up podcast features attorney Jere Beasley. I can’t imagine a lawyer in the state of Alabama who doesn’t know the name of attorney Jere Beasley. In fact, it is probably the same way for at least 90% (if not all!) of the lawyers in the entire United States. Jere Beasley is that universally well-known and respected.
I have a three-year old toddler and it has been important for me and my husband to find ways to teach her about money and the value of $1. I firmly believe and have personally learned that there is not a one-size-fits-all approach to parenting. In our household, the following rules work for our daughter but you may need to adapt these lessons to fit your child’s personality and interests.
How many people do you know who can pay cash for a new car? I bet the answer is not many! The Federal Reserve Bank of New York recently released data showing that a record 107 million Americans owe on a car loan. As recently reported by CNN, that boils down to about 43% of the adult population. Just five years ago, in 2012, only 80 million Americans had auto loans.
Following a Budget is absolutely critical to keeping your finances in check. But, if you keep going over each month, you need to ask yourself why? Here are several places that people spend throughout the year, but often do not realize it until too late. Make sure these items are in your budget on a monthly basis so you are not caught overlooking them and allocating your money improperly.
At Bond & Botes we help people file for Bankruptcy relief, but it’s also important to us that our clients are protected after the case is finished. The whole point of going through a bankruptcy is to receive a “fresh start” for your financial situation. With that in mind, I wanted to use this blog post as an opportunity to discuss some important rights and protections that ...
As you can imagine, the number of bankruptcy filings nationwide is increased in times of economic distress. In 2010, 1.53 million Americans filed for bankruptcy, as many families had to deal with job losses, falling home values, and aggressive creditors following the economic recession and 2008 stock market crash.
This episode of the Next Lawyer Up podcast features attorney Cary Flitter. When I first had the idea to do this podcast, I had in the back of my mind to do a segment with attorney Cary Flitter who practices in Philadelphia, Pennsylvania, New Jersey and throughout the country with the law firm Flitter Milz. I first met Cary as a speaker at a consumer law conference several years ago.
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