Although most recent news about student loans has revolved around the changes to the Income-Based Repayment plan and the process for obtaining a hardship discharge for federal student loans, one item that may not have gotten as much press as it deserved was the Consume Financial Protection Bureau’s (CFPB’s) ombudsman’s report on private student loan …
Repossession agents (“Repo Men”) have unusually dangerous jobs. In fact the Repo Times (yes, there is an online publication dedicated to repossession news) has an entire “News” section that reports on the various incidents involving people attacking repossession agents. So, it’s important to remember that these are just people doing their jobs. They may be …
Strategies for Preventing Repossession of Your Vehicle Read More »
A few weeks ago in early December, the LA Times ran a story about a man’s strange experience with his condo. Although New Yorkers are more likely to live in coops, condo ownership is on the rise, especially in north Brooklyn, so the story is more relevant now than it was in the past. Apparently, …
Just last week Governor Cuomo went to the national capital asking for $42 billion from the federal government: $32.8 billion to clean up the damage caused by tropical storm Sandy and the remaining $9 billion to help the state prepare for the next disaster. The Huffington Post itemizes the governor’s proposal, and if you do …
How to Ensure Super-Storm Sandy Doesn’t Throw You Into Bankruptcy Read More »
It didn’t appear very widely in the news, but it appears that the two government-sponsored agencies (GSEs) responsible for mortgages, Fannie Mae and Freddie Mac, have suspended their eviction procedures for people living in foreclosed homes through the New Year. You can read about it here on The Huffington Post. Here are a few things …
Fannie and Freddie Foreclosure Eviction Moratorium Begins This Week Read More »
Many New Yorkers who are considering filing bankruptcy often ask “What will happen to my jewelry?” It’s a good question because the precious metals we adorn ourselves with are often the third most valuable type of assets people typically have after houses and cars. There also often the first type of assets that people pawn …
What You Need to Know About New York Jewelry Exemptions Read More »
It’s not uncommon for debt collectors to break the law when trying to recover money from debtors. Usually, their actions run afoul of the Fair Debt Collection Practices Act (FDCPA) or the Telephone Consumer Protection Act (TCPA). Violations of these federal statutes and their New York analogues can result in compensation for you and even …
Why Would a Debt Collector Ask for Confidentiality in a Lawsuit Settlement? Read More »
Just over a month after the Obama administration issued an order accelerating a legislative rule change to the Income-Based Repayment (IBR) program that would benefit debtors with federal student loans, a new bill is now in Congress to revise the student loan system yet again. This time the goal is to eliminate the costs the …
It might seem like common sense advice to take notes whenever you deal with people over money matters, but with debt collectors it can be even more important because it’s as much a discussion about getting you to pay money as it is about manipulating the communication process to get you to pay. Many of …
Aside from a few exceptional circumstances, Chapter 7 and Chapter 13 bankruptcies conclude with the bankruptcy court entering a discharge order, which is just a duplexed document with most of the important info on the back side. Its brevity, however, should not be confused with its power. Reading through the official form version can be …
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