On March 27, 2020 Congress passed and the President signed into law the CARES Act and emergency stimulus package, providing financial relief to individuals and businesses effected by the ongoing COVID-19 pandemic. If you are a small business owner, sole proprietor, or even if you are paid as an independent contractor, the law may provide...Read More
Preventing Home Foreclosure A previous post discussed some of the general aspects of a Chapter 13 Bankruptcy plan. For a homeowner who is delinquent their mortgage, the amount to be repaid may be substantially lower than the amount the moneylender claims that you owe. Mortgage Company Reasonableness Most mortgage companies are upfront and evenhanded when...Read More
If you are drowning in credit card debt but you want to avoid filing a Chapter 7 or Chapter 13 case, we can help you discover the wide variety of defenses that may be available to you. It is imperative that you contact us as soon as possible because there is a strict deadline for...Read More
If you are facing financial difficulties and debt collectors have started calling, it is important that you understand what your rights are under the law. The Fair Debt Collection Practices Act (FDCPA) prohibits debt collectors from using unfair, deceptive or abusive practices when trying to collect a debt from an individual borrower. What Is a...Read More
If you own a business, it is imperative that you take precautionary measures to protect it legally. In other words, you need a great business attorney and contracts that protect your best interests. There is no easy answer for what legal agreements are the most effective, because every case is different. However, there are...Read More
Our nation is facing an overwhelming amount of student loan debt – estimated to be approximately $1 trillion – and it is having a serious impact on the economy. While several markets are being affected, the housing market is feeling it the most. Recent college graduates, formerly one of the largest sources of new home...Read More
Bankruptcy hurts your credit score. Your credit score is how lender’s determine whether you are going to be a good customer or not, and bankruptcy means many of your creditors did not get what you agreed to pay them. Rules for borrowing money after filing bankruptcy Many people believe that they are not allowed to...Read More
The credit counseling requirement was one of the more talked-about Chapter 7 reforms in the last round of legislative updates. Now, almost a decade later, what does this prerequisite mean in practical terms? Does the average consumer filer even notice this requirement? Credit counseling background The main reason that legislators took up bankruptcy reform in...Read More
A major mortgage lender is returning to the subprime market. Since the mortgage collapse in 2008, skittish banks have only loaned money to the most credit-worthy consumers. Now, faced with a major revenue loss as mortgage lending volume declines overall, Wells Fargo may be loaning money to consumers with credit scores as low as 600....Read More
