On August 26, 2016, the U.S. Department of Education banned ITT Technical Institute from enrolling new students who use federal financial aid. This is the result of several investigations into their recruiting, marketing and job placement practices. The loss of these funds may ultimately be the demise of ITT likely…
I just watched yet another attorney’s video from 2013 about how student loans are hardly ever discharged in a bankruptcy unless you are extremely ill. The ending quote about student loans was “you’re stuck with them”. And that was it. No discussion about options, possible outcomes, etc. Just you’re stuck…
Useful information can be obtained from the Consent Orders relating to improper debt collection activities obtained by the Consumer Financial Protection Bureau. Recent orders applicable to Fred Hanna, Encore Capital Group, Inc., Midland Funding, LLC, Midland Credit Management, Inc., Asset Acceptance Capital Corp., PRA, LLC, Porfolio Recovery Associates, Chase Bankcard…
The Golden Rules to Discharge Taxes: If you choose to file a Chapter 7 bankruptcy, your tax debt could be discharged if you meet the following tests: The taxes must be for income. The tax debt must be at least 3 years old (including extensions). You must have filed the…
If a creditor waits too long to sue, the creditor can be barred from ever bringing suit. The purpose of having a statute of limitations is so that lawsuits are brought when the matter is still fresh: before documents are destroyed and memories fade. If they can no longer bring…
Many of our recent bankruptcy clients report large amounts of business debt. This may be small business loans, credit cards run up to support a small business, or personal guarantees. Often the business is gone at this point and we are looking to file an individual bankruptcy. Filing a bankruptcy…
One common myth is that the prior property owner will receive the surplus of any bid over the unpaid taxes. It’s possible, but not that likely. The order of priorities for any surplus is: Government agencies with liens on the property; Mortgage holders and other lien holders in order of…
Do I need to have possession to quiet title to property? No, in fact there is a process whereby we can file a Complaint for Unlawful Detainer along with the Quiet Title Action following a foreclosure sale or tax deed sale for instance. You do not need a separate eviction…
Do you realize that if you are constantly robbing Peter to pay Paul and cannot ever get ahead, you could be debt free by the holidays if you qualify for a Chapter 7. Many clients who come to see us have been struggling with debt for a long long time.…
Left to Right: Angie, Mary, Tracy, Christie, Barbara and Kat Happy Kat!