Even though Americans all over the country are struggling financially, they are still hesitant to seek financial relief by filing Chapter 7 or Chapter 13 bankruptcy. Most individuals say they are not "they type" for file for bankruptcy. However, the type of person...
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Month: November 2013
Cracking Down on Debt Collectors
If you have been harassed by debt collectors using abusive tactics, the Consumer Financial Protection Bureau (CFPB) is ready to help. Pursuant to 2010's Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB has the authority to supervise the nation's...
Student Loans – Lending Without Risk
Even though we keep hearing that our country is out of its financial crisis, many individuals are still drowning in debt. One of the largest debts facing Americans is student loan debt - estimated to now be more than $1 Trillion Dollars! So, how did we get in this...
Bankruptcy & Enforcing Child Support Payments
What happens if you have custody of your children and you learn that your ex-spouse is filing for Chapter 7 or Chapter 13 bankruptcy? You are probably concerned about the impact the bankruptcy filing will have on your child support payments. Fortunately, the law...
What Happens to Your Home in a Chapter 7 Bankruptcy?
If you own a home and you are considering filing a Chapter 7 bankruptcy, it is important to understand all of your options. Most Chapter 7 debtors keep their house as long as they remain current on their mortgage payments. However, if you are overwhelmed by your...
What Is Really Forcing the Postal Service Into Bankruptcy?
The Berkeley Post Office building dates back to 1914 and is beloved by many citizens, as evidenced by a "camp-out" objecting to the US Postal Service's decision to sell it. The US Postal Service has a real estate portfolio worth $85 billion and it is looking to...
Your Payday Loans in Bankruptcy
Payday loans are short-term loans that typically carry very high interest rates. They are often referred to as "cash advances." If you take out a payday loan and you are unable to repay it in a timely manner, the high interest rate results in you accumulating debt...
What Are Some Debt Relief Options?
If you are struggling to pay your mortgage, it is time to consider your debt relief options. With proper planning and legal counsel, you can take action to help avoid foreclosure. Options to consider are: Loan Modification. If you are struggling to pay your mortgage,...
New Bankruptcy Billing Guidelines
Big law firms charging big legal fees in Chapter11 bankruptcy cases are getting some bad news this November, 2013. The United States Trustee Program (USTP) has established new guidelines for setting appropriate legal fees to be charged in larger Chapter11 cases. For...
Ozzy Osbourne’s Oldest Son Seeks Bankruptcy Protection
Louis Osbourne, Ozzy Osbourne's oldest son, has filed for bankruptcy protection. It is believed that he got into financial trouble after investing in the Irish real property market. Osbourne, who recently started his own record label All Night Records, filed jointly...