Did Bank of America Try to Hide Your Foreclosure Information?
A former Bank of America employee provided a hacker group, known as Anonymous, with a series of emails claiming they prove how a former subsidiary of the bank tried to hide information regarding potential illegal foreclosures. A member of Anonymous focused on the point that the system followed by banks is made to deceive the [...]
In Re Vandenbosch, Social Security And Chapter 13 Bankruptcy
The question of whether a Chapter 13 Debtor must include their social security benefits in the determination of disposable monthly income has been decided in Southwest Florida. In the past, debtors were required to use their social security to repay creditors claims in their bankruptcy plans. This was a very unfair practice in my opinion, [...]
The Barton Doctrine and Trustee Lawsuits
So you want to sue a bankruptcy trustee? First get in line. Next, come to the realization that it might not be quite as easy as youd think. Before a trustee can be sued for actions that fall within their official duties of administering the bankruptcy estate, the plaintiff must seek permission from the trustees [...]
Debt collectors hired by feds were fined for illegal practices
In an attempt to obtain a measure of debt relief/reduce the deficit, the federal government has officially increased its efforts to collect on debts owed. In fact, during the last fiscal year, the Department of Education referred $28.8 billion in debt – the majority of which was overdue student loan debt – to 23 private [...]
1 out of 4 Chicago Consumers Have No Emergency Savings Plan
A recent poll by the financial data publisher Bankrate.com indicates that 24 percent of American consumers have no emergency savings, The Associated Press reports. It’s not an entirely shocking statistic, but it is concerning. Those without savings are flying by the seat of their pants, especially in this rocky economic climate because job loss is [...]