I ran across a pretty helpful newsletter the other day with good tips about how to manage your debt. It’s called The Dollar Stretcher. At this link, there is a pretty helpful guide as to determining how much debt may be too much and what to do about it. It’s…
Unfortunately, some people feel they have no way out when it comes to their student loans. These are usually folks who have tried their best to pay for 10 or more years and are no further along than when they started. Most feel the debt will haunt them for their…
The word “household” appears in over a dozen sections of the Bankruptcy Code, but it is not defined in the Code. Household income and size are extremely important in bankruptcy and determine whether someone qualifies for a Chapter 7 or the length and amount of a plan payment in a…
Florida, Georgia and Alabama consumers need not worry about a recent case out of the Second Circuit, Reyes v. Lincoln Automotive Financial Services, (2nd Cir. June 22, 2017) that held today that if the contract allows for robocalls, you can never revoke consent to call under the Telephone Consumer Protection…
“Ten Years of Garnishment Down the Drain”: In this series of Real Life Examples, I would like to highlight a potential client who came to us after ten years of wage garnishment at $400 a month. They were upset that the loan balance had not gone down at all, but…
The Wall Street Journal reported today that the current administration intends to roll back some of the protections put into place by the Obama administration such as the gainful employment rule. This will enable hundreds of for-profit schools to remain open that were at risk of closing. Not sure if…
“The Lost Ten Years”: Sometimes I get a little focused on the more unique and “outside the box” solutions that I tend to blog about, and I forget that little things are just as important to obtaining the right result. So I hope to publish a series of Real Life…
For anyone who reached out to file a comment with the FCC as we requested, we thank you. The FCC received over 10,000 comments filed by consumers opposing ringless voicemails, plus actions were filed against this change in the law by the Attorney Generals in NY, MA and Kentucky. A…
In a perfect world, a mortgage creditor should: Timely file accurate proofs of claim for prepetition arrearage; Properly calculate postpetition PITI payment; Apply payments in accordance with confirmed plan; Conduct annual escrow account analysis that reflects payments made under confirmed plan; Send accurate payment change notices, with attachments for RESPA…
One of our most successful cases this month was the discharge of private student loans for our client who attended a Caribbean medical school. The key was that the foreign medical school was not listed on the Federal Schools Codes List as being eligible for federal funding. That particular fact…