Topics: Creditor/Debtor - 67 results


Posted 3 years ago in Creditor/Debtor by Arthur Buono  
Bankruptcy Discharge of 2nd Mortgage Not a Loophole

The news that some homeowners have been able to shed second mortgages in bankruptcy proceedings isn’t news to seasoned bankruptcy attorneys. It’s not something peculiar to home equity loans either. It could provide a bit of a lift to the double-dipping housing market.   Bankruptcy law permits discharge of unsecured debts Second mortgages may become unsecured by falling home value Second mortgage holders have been holding up short sales Copy this link to share with friends: http://bit.ly/iINCEC   Risk Comes …

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Posted 3 years ago in Creditor/Debtor by Arthur Buono  
Lenny Dykstra Faces Jail for Bankruptcy Follies

For professional athletes, business careers after the playing days are over are a mixed bag. Some have success, even build valuable franchises. Others, like Lenny Dykstra, not so much.   Ex-Phillies, Mets star caught stealing (allegedly) Bankruptcy fraud will land you in jail, not just the dugout Fresh start depends on full disclosure, honest dealing Copy this link to share with friends: http://bit.ly/fSobmG   To Get a Fresh Start, You’ve Got to Be Real Lenny was the poster boy for …

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Posted 3 years ago in Creditor/Debtor by Arthur Buono  
States Sprucing up Debt Collection Laws

Several state attorney generals are chafing over debt collection via cell phone and text message. Times are tough and debt collectors will use any tool at their disposal to dun debtors. 40-year-old laws have a tough time keeping up with modern communications.   Many debt collection laws are decades old Debt collectors use modern communication to skirt old rules Social networks an inviting space to find, dun debtors Copy this link to share with friends: http://bit.ly/gK4vTh   Bringing Debt Collection …

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Posted 3 years ago in Creditor/Debtor by Arthur Buono  
Debt Collector Can’t Use Facebook to Dun Consumer

A Florida judge has ordered a debt collection agency to stop dunning a consumer via Facebook. This marks the first time a court has weighed in against debt collection on a social networking site. It won’t be the last, as social networking sites are seeing a surge in debt collection activities.   Florida court to debt collector: stop harassing consumer on Facebook Debt collectors using social networks to find, dun consumers State and federal laws prohibit outrageous debt collection methods …

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Posted 3 years ago in Creditor/Debtor by Arthur Buono  
Will New Credit Card Rules Hurt More Women Than Men?

New credit card rules the Fed is considering would prohibit banks from issuing cards to persons who do not have a source of income. This makes a lot of sense. It’s being pointed out though that the rules will prevent some women from getting a card and establishing credit in their own names.   Rule would prohibit issuing credit cards to people without independent income Would prevent many stay-at-home moms or other women from getting cards Rule questioned by legislators, …

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