Showing articles 111 - 120 (167 total)
Posted on 02/02/2007 at 12:00 am | Viewed 790 times
The subprime lending market lends money to people who has less than perfect credit. It provides mortgages as well as other loans, at higher than usual interest rates. This is the market for many people who frind themselves in financial distress and need money to pay over extended credit cards or other debts which overburden the household...
Posted on 01/20/2007 at 12:00 am | Viewed 1,394 times
The National Business Institute sponsored a seminar in Portland, Maine on January 22, 2007, titled " Advanced Consumer Bankruptcy Issues". The seminar topics included Chapter 7 issues, Chapter 13 issues, tax matters, ethics, Fair Credit Reporting Act, and Family Law and the Bankruptcy Code. The seminar was intended for experienced...
Posted on 01/07/2007 at 12:00 am | Viewed 642 times
Debt Collectors, whether private companies, or law firms, have been increasingly violating the Fair Debt Collection Practices Act (FDCPA). The debt collectors may be emboldened by the changes to bankruptcy law in October 2005. Any debt collection company or law firm that collects debts is required to comply with FDCPA. The law prohibits...
Posted on 12/30/2006 at 05:20 pm | Viewed 2,001 times
Bankruptcy Article #5 A. State Exemptions There are two statutory exemptions schemes available under the Bankruptcy Code. The federal exemptions, 11 U.S.C. Section 522, are available if permitted under state law. States are allowed to "opt - out" of the federal exemptions pursuant to Section 522(b) (1). Maine has chosen to use only state...
Posted on 12/23/2006 at 12:00 am | Viewed 752 times
CNNMoney.com reports that an increasing number of homeowners with subprime mortgages will lose their homes to foreclosure in the next few years. Subprime loans are those with higher interest rates and are given to people considered higher risks by the credit industry. The higher interest rates increase the likelihood of a default, along with...
Posted on 12/10/2006 at 12:00 am | Viewed 655 times
On December 6, 2006, the United States Senate held an "oversight" hearing to determine the effectiveness of the revisions to the Bankruptcy Code that took effect in October 2005. The speakers included Professor Todd Zywicki, of Gerge Mason University School of Law. Professor Zywicki was practically the only academic that supported the...
Posted on 11/29/2006 at 05:31 pm | Viewed 5,952 times
Bankruptcy Article #12 The #1 reason for choosing Chapter 13 bankruptcy over chapter 7 is to save your home from foreclosure. » See the List of Nine Reasons. Who makes a good candidate for Chapter 13 Bankruptcy? Nine Reasons to file for Chapter 13 Bankruptcy Are there benefits to Chapter 7 bankruptcy? Whether...
Posted on 11/27/2006 at 05:49 pm | Viewed 2,149 times
Bankruptcy Article #25 James Molleur November, 2006 The purpose of this Article is to provide a basic understanding of Small Business Chapter 11 bankruptcy cases. As with any other bankruptcy topic, the specific requirements for any particular business going through Chapter 11 can vary, but there are certain experiences that are...
Posted on 11/25/2006 at 12:00 am | Viewed 1,019 times
Our economy is not running smoothly for everyone. While some individuals and businesses are flourishing under current business conditions, others are not. In particular, small businesses which depend upon local government contracts, or upon tourists, weather conditions (landscaping, snowplowing), or low fuel costs (transportation, trucking),...
Posted on 11/05/2006 at 05:23 pm | Viewed 2,349 times
Bankruptcy Article #7 In a Chapter 7 case, Section 523 of the Code determines which tax debts are non-dischargeable. Included are: Taxes entitled to priority under Section 507(a). See Section 523 (a) (1) (A). A tax due upon filing a return, but the return is not filed. Section 523(a) (1) (B) (i). A tax with respect to which a required...
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