Recently, President Obama made some speeches regarding student loan debt at various college campuses. At issue in many of his talks is that the current student loan interest rate for government backed loans will double from 3.4% this summer unless Congress takes action.
While a 3.4% interest rate is ...
When individuals file for bankruptcy protection under Chapter 7, an automatic stay is put into place which prohibits creditors from pursuing litigation against the debtors and from contacting the debtors in attempts to collect debts. This protection continues after an Order of Discharge is put into place, since the ...
Tax season is an interesting time for people filing for Chapter 7 Bankruptcy, creditors, and bankruptcy trustees alike. Especially for individuals that are entitled to receiving a refund from the IRS. The tax refund is an asset just like the money in your bank account and the furniture in ...
A question I have come across more regularly is whether or not someone will lose their security clearance if they file bankruptcy. People employed by the federal government, the military, or government contractors often have security clearances based on their access to confidential government information. The United States Air Force ...
I think that it is pretty well documented that 2008 was the beginning of our collective financial woes. One of the things that marked 2008 and the realization that things were getting really bad was the failure and Chapter 11 Bankruptcy filing of Lehman Brothers. Well today news came ...
It is pretty clear from the number of people filing bankruptcy that times are tight with money. That's why I found it very interesting when I stumbled upon an article about Borders booksellers trip trough Chapter 11.
It appears that the attorney representing Borders has advocated for the top ...
In February, U.S. Bankruptcy Judge Robert Grossman, of the Eastern District of New York decided a case which impacts both bankruptcy cases and foreclosure cases. At its core, the ruling by Judge Grossman impacts the ability of a bank or servicer of a mortgage to set aside the automatic stay ...
Bankruptcy is not the only area of law that I practice. Most prominently, I also practice foreclosure defense. My knowledge of mortgage foreclosure usually helps me to form a plan of attack with a client's debts. This is because many times a foreclosure is what causes a person to consider ...
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