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How Does Chapter 13 Bankruptcy Work? Posted on Aug 26, 2016 By Ed Woods August 26, 2016 by Ed Woods One very powerful remedy that financially strapped consumers have is a discharge pursuant to Chapter 13 of the federal Bankruptcy Code. Chapter 13 bankruptcy is so named because it is Chapter 13 of Title 11 of the United States Code.
Should You File Bankruptcy on my Medical Debt? Posted on Aug 19, 2016 By Amy Tanner August 19, 2016 by Amy Tanner aFor many Americans, the answer to this question should be yes! Medical debt is currently one of the leading reasons that people file for bankruptcy. I see that in my day to day practice and, if I am ever asked to pinpoint the main reason people file for bankru ...
What is a Violation of the Automatic Stay? Posted on Aug 24, 2016 By Bradford Botes August 24, 2016 by Bradford Botes For many of our clients, the automatic stay is the best thing that has happened to them in a long, long time. In fact, in my opinion, there is no other provision of the law that can do more good for an individual more quickly than the automatic stay.
My last blog post detailed how widespread frivolous prescriptions for opioid pain killers have been in North Alabama. In this blog post, I will widen the scope a bit and cover the impact opioid abuse has had both nationally as well as locally. Deaths Related to Opioids In a data chart available from the Centers for Disease Control and Prevention (CDC), over the span of 2008 to ...
As my law partner pointed out recently, new data released by the Federal Reserve shows that credit cards debt has reached over 1 trillion in the United States. This is the highest it has been since before the recession in 2008. Creditcard.com states that the average consumer in America owes approximately $9,600 in credit card debt. A recent creditcard.
How much information is too much information? Many times clients ask me why we need so much information about them “just to file Bankruptcy.” That is when I go on to explain that Bankruptcy is a very serious process and there are many pitfalls for an individual if one fails to disclose all of his or her assets.
If you have not paid any overdraft fees in the last year, then you are apparently in the minority. According to a recent article by CNN Money, Americans have racked up billions of dollars’ worth of overdraft charges. Overdrafting is when a customer tries to make a purchase without enough money in their account to cover the transaction.
It is no surprise that the amount of income you have effects your ability to file a bankruptcy case. However, there are many different types of income. Wages, tips, Social Security, and VA Disability income are just a few. Be aware that just because you may not have to file income taxes on all or a part of your income, that doesn’t mean you can leave it out when filing bankruptcy.
The Federal Communications Commission (FCC) has proposed an $82 million fine against a man who has allegedly made millions of automated sales calls. The FCC has accused Philip Roesel and Best Insurance Contracts dba Wilmington Insurance Quotes, of violating the Truth in Caller ID act. According to the FCC, Roesel and his company made 21 million automated calls, also known as ro ...
This episode of the Next Lawyer Up podcast features attorney Larry Heinkel I was recently in Tampa Bay, Florida for a hearing and I thought I would catch up with attorney Larry Heinkel. Larry’s office is nearby, in St. Pete, and he represents taxpayers nationwide on their federal tax problems. His website name really sums up what he does – www.taxproblemsolver.com.
With back to school right around the corner, many shoppers are hitting stores and using credit card to pay for their purchases. A recent report by the U.S. Federal Reserve showed total consumer borrowing rose by 18.4 billion in May which is the strongest gain since November’s $25.1 billion increase.
Last month I blogged about issue of debt collection against our veterans and the issue of the treatment of our veterans continues to weigh on my mind. It would not be hard for anyone reading my blogs to determine I am a liberal. In fact, a description of me as a Yellow Dog Democrat will never offend me. And as a liberal, I generally believe war stinks. In fact, I hate it.
First of all, if you have been sued by any of the NCSLT trusts, don’t delay! Failure to answer a NCLST lawsuit will result in a default judgment against you which means you lose. Judgments can have very severe and detrimental consequences to consumers on many different fronts. What is a Judicial Lien? Are You Being Sued or Harassed By a Debt Buyer? Debt Buyer Lawsuits ...
Wells Fargo has been in the news quite a lot over the last few years. In April 2016 Wells Fargo agreed to pay $1.2 Billion for Improper Mortgage Lending Practices. In June 2016 Wells Fargo agreed to pay $185 million in settlements for Aggressive/Fraudulent Sales Practices after being sued by the Consumer Financial Protection Bureau.
The Bangor (Maine) Daily News recently reported that F. Lee Bailey has filed for bankruptcy in Maine. According to the news story, Mr. Bailey sought bankruptcy relief to resolve an outstanding federal tax debt from a dispute that ended his legal career. Reportedly, Mr. Bailey is a resident of the State of Maine, having moved there in 2010 and that is why he filed his case in that state. Mr.
Divorce can be a very challenging process for many. There has been an upward shift in divorce after 50. Researchers coin the phrase “Gray Divorce” to describe this. The National Center for Family & Marriage Research reports the divorce rate among adults over age 50 doubled and tripled for those over 65 between 1990 and 2014.
The bankruptcy code defines an insider as either a relative, a relative of a general partner, a general partner of the person filing bankruptcy or a corporation in which the person filing bankruptcy is an officer, director or personal in control. When filing bankruptcy you must answer whether you have made a payment on any debt owed to an insider within the last 12 months of filing bankruptcy.
I must admit that until recently I really didn’t know anything about taxi cab medallions. I was born in Alabama and grew up in Montgomery where on the rare occasion you might see a taxi coming or going from the airport….if you were on that side of town! Over the years, I’ve visited New York on occasion where taxi cabs are literally at your fingertips 24 hours a day but, until t ...
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