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Rapid Reader Questions, Debt Consolidation, Navient, Credit Score, Fraud, and More

Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of …

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My Ex Keeps Suing Me After Our Divorce in 2011

Question: Dear Steve, I have suffered through court proceedings for the past ten years with my ex. Divorce finalized In 2011, and I ended up filing for bankruptcy due to owing $40,000 in debt for attorneys. He continues to take me to court pro se (as you can’t keep somebody from filing petitions against you …

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Can My Client Get Out of Paying Taxes on Cancelled Debt After Divorce?

Question: Dear Steve, I have a client who divorced. He received a letter from the IRS stating he owes taxes on $19000 of canceled debt. He didn’t receive a 1099-C. In the divorce he was required to pay 75% of debts, she 25%. The full debt was around $25000 for a car, held in both …

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Is Defaulting On My Private Student Loans My Only Choice After a Divorce Where My Ex-Husband Cosigned?

Question: HELP!! I am currently about $400,000 in debt with student loans. Let me start at the beginning. My federal student loan debt was used to acquire my undergraduate degree while staying at home and raising my new born son. I’m fine with this. Apx $100,000. I married shortly after that and my husband decided …

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Get a Child Support Order, File Bankruptcy, and Give the Finger to Deadbeat Dad

Question: Dear Steve, My children’s Deadbeat Dad was $27,000 in debt with two college degrees, then got in trouble with the law, and continued to work part-time in construction while our family accumulated further debt. We’ve been separated (not legally) for nearly five years, and while I have supported our two children, he moved in …

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