Two of our local judges recently
posted an article
regarding their travels through the Real Estate Collapse and resulting Foreclosure Crisis. Their analysis reassembles
four chapters in a yet unfinished volume. Some of this insight follows:
In the first chapter the jurists note, "Liberalized credit, inflated real
estate appraisals, unsustainable repayment terms, securitization...
Wednesday, October 7, 2015
Monday, September 21, 2015
WHAT ALLOWS DISCHARGE OF STUDENT LOANS IN BANKRUPTCY?
BloomburgBusiness recently published an article that pretty much
shows the reality of how much “hardship” is required under the “undue hardship”
standard when determining if a debtor can discharge student loans in
bankruptcy. The Headline read:
“Courts Rule That
Disabled Woman Living Below the...
Monday, July 27, 2015
WHAT CONSTITUTES “UNDUE HARDSHIP”
WHAT
ALLOWS DISCHARGE OF STUDENT LOANS IN BANKRUPTCY?
BloomburgBusiness recently
published an article that pretty much shows the reality of
how much “hardship” is required under the “undue hardship” standard when
determining if a debtor can discharge student loans in bankruptcy. The...
Tuesday, July 21, 2015
Top 3 Reason NOT to Reaffirm a Mortgage in Bankruptcy
1. Truth is, if the lender is
not going to report to the credit bureau,
the debt to income ration should be minimized by not reaffirming the mortgage.
2. Borrower's
struggling through
a Chapter 13 have a hard
time making mortgage payments on time; thus the likely hood
of negative...
Tuesday, July 14, 2015
4 Misconceptions About Credit Card Debt
1.
You only need
to pay the minimum each month. Your credit-card bill will show the total
amount you owe and
a minimum payment, typically about
4% of your bill.
Paying at least
the minimum payment
by
the due date keeps you
current
and helps your credit
score,...
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