Here is the latest summary of the “big” foreclosure settlement from the foreclosure abuses by the banks, robo-signing documents and creating fraudulent documents: You may be entitled to some money (maybe $2,000.00) if your house was already foreclosed on. If so, you’ll get some forms
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Archives for Consumer and Financial News
Can a Bankruptcy help me get my Drivers’ License Back?
Can a Bankruptcy help me get my Drivers’ License Back? Your drivers’ license was suspended. Is all hope lost?? NO! In certain situations, a bankruptcy filing will help a person get their drivers’ license back. You can get your license back if it was suspended
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H is for Harrassment (as in Stopping Harrassment!)
H in the Bankruptcy Alphabet stands for Harrassment. One of the big reasons people file bankruptcy is to stop harassing phone calls and letters from companies and people they owe. Once people fall behind in their payments, naturally, the creditors start calling. Not just a
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No Loan Modification for You! Failure of a program.
A great explanation of why the HAMP Program is a failure, and why so few loan modifications are given. The servicers have more incentives to foreclose becausethey get more fees. Call our office to discuss your loan modification. See the article: http://www.bankruptcylawnetwork.com/no-modification-for-you-2/ Daniel J. Winter
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Means Test Figures Falling as of November 1, 2011
Fall is not just a time for changing of the seasons, with the leaves falling off of the trees. It’s also a time that the figures for the State Median incomes change. When you file for Bankruptcy, you are required to have your attorney fill
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Increase in bankruptcy court fees
According to a National Association of Consumer Bankruptcy Attorneys email: The Judicial Conference of the United States adopted a new court fee schedule on September 13, which will become effective November 1, 2011. The revenue generated by the fee change will go into the Judiciary’s
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Can I Keep My Workers Compensation in Bankruptcy?
Generally yes, in Illinois. There are certain rules called exemptions in each state, that allows people who file bankruptcy to protect certain things, like a set amount of equity in houses, cars, and household goods, among other things. Illinois law allows people to protect settlements
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Top Five Reasons Loan Modifications are so Rarely Given
Top Five Reasons Loan Modifications are so Rarely Given 5.. The banks and lenders don’t care: The banks will announce in their ads that they are on your side. They really are not. They are on their side. They have procedures in place, and a
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How to “Walk Away” from a House in Bankruptcy
We’ve all heard about people just “walking away” from their houses with the way the housing market has been lately. I wrote an article about the pitfalls of the “strategic defaults” so many people have been writing about. If a person decides that the house
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I voluntarily surrendered my car. They sold it at auction. Why are they suing me for the balance?
The short answer is that you signed a contract to pay for a loan, and you are responsible regardless of whether you have the car or not. You agreed to be personally responsible for the balance on the loan when you signed the loan documents
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