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Chapter 13 Bankruptcy – What Is It Questions

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Let’s take the mystery out of what is chapter 13 bankruptcy and eliminate your questions. No sense for you to labor under false assumptions and guesses. Bankruptcy is a legal process that allows consumers to allow the court to intervene between them and their creditors in order to put together a plan to repay creditors based on what the individual ... Read More »

    I’m Looking to Get a Debt Relief Order to Deal with My UK Debt. Will I Qualify for a DRO?

    “Dear Jon, I am looking to get a DRO. Currently I have 3 credit cards, Overdraft, loan and Hire purchase agreement on a car. Credit card debt totals £3200 Loan £1250 Overdraft £1500 Outstanding amount on HP £5000 Total £10950 I have had a major cutback in hours at work, so no longer able to service my debts. I am ... Read More »

      What is Free Credit Report Monitoring and How to Get It

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      There is no shortage of issues that abound when it comes to credit reports. Between worrying if the correct information is being reported about you to what might be going on with your credit report behind your back, you have to remain ever vigilant. There many places where you can pay for credit report monitoring but I like to recommend ... Read More »

        The Erotic World of Financial Domination and Money Slavery

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        Financial domination is the erotic fantasy in which the submissive (or money slave) gives gifts and money to the dominant person, the financial dominatrix or fin domme. The attraction may involve being treated poorly, teased, erotic spanking, blackmailing, slapping, whipping and other punishing behaviors. But there may be virtually no further intimacy between the individuals and no physical sexual contact. ... Read More »

          Fake and Bogus Debt Collector Scam – Video

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          Don’t let a fake or bogus debt collector threaten you with immediate arrest on a debt you don’t recognize. Some outfits have sprung up that use personal information obtained from people who may have applied online for a loan to call and scare into paying a fake debt. Recently Gerri Detweiler, Michael Bovee and I got together to tape a ... Read More »

            Is Smoking Dope?

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            A company called just put out a press release making some rather odd statements. They claim they are “a leading information and referral source for debt management and credit counseling” but seem to be instead providing misinformation instead. The reader who sent this to me was most upset by the statement they make, “”There is no signup fee for ... Read More »

              Billion Dollar Foreclosure Settlement Money Goes Elsewhere

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              by Paul Kiel and Cora Currier ProPublica States have diverted $974 million from this year’s landmark mortgage settlement to pay down budget deficits or fund programs unrelated to the foreclosure crisis, according to a ProPublica analysis. That’s nearly forty percent of the $2.5 billion in penalties paid to the states under the agreement. The settlement, between five of the country’s ... Read More »

                Connecticut Fox TV Station is Looking for Persels & Associates Consumer to Interview

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                My name is Beau Berman – I’m an investigative reporter at WTIC TV, the FOX affiliate in Hartford, Connecticut. We are working on a story about Persels & Associates, which is trying to get the state to let them operate here without a debt negotiation license. I’m trying to find someone in Connecticut who has used the debt settlement services ... Read More »

                  AVOID – Proposed Litigation Notification – Investigation Advertisement Mailer

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                  A hero reader has sent in a new mailer that is promoting legal action against New Century Mortgage. It appears to be a mailer that could be used generically against other lenders as well. The reader said, “On Saturday I received via postal mail what appears to be (attached) the latest iteration of a mass joinder mailing. I believe that ... Read More »

                    Offer In Compromise Rules Relaxed by IRS. Big News!

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                    I do not normally get motivated by IRS changes in collection rules, but yesterday’s change to the Offer in Compromise (OIC) program was fairly significant. As you know, this program allows taxpayers, who qualify, to settle their tax liability in full for an amount less the full liability owed. There are many deceptive companies who publish that they can get ... Read More »

                      Life After Bankruptcy – The Truth

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                      Here is what you need to know right off the bat, there is absolutely life after bankruptcy. Ironically for many their financial lives turn out to be better and stronger than before. Almost all the negative preconceived notions you may have about bankruptcy are generally incorrect. That surprises most people. Let’s look at some of the key areas of life ... Read More »

                        The Seven Stages of Debt. Which Stage Are You In?

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                        Many years ago I wrote my original Seven Stages of Debt, as modified from the Five Stages of Death and Dying by Dr. Elisabeth Kubler-Ross. Both experiencing the emotional loss of a loved one and the emotional loss of your financial life are similar in some distinct ways. However, the emotional stages of debt also have two additional components that ... Read More »

                          Should I File for Bankruptcy?

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                          Many people are all mixed up when it comes to figuring out the tough question, “Should I File for Bankruptcy?” Right off the bat I can give you a definitive answer, “Maybe.” Bankruptcy is a legal process that is available to consumers that are suffering under the weight of problem debt. The law affords consumers a periodic right to establish ... Read More »

                            Mortgage Modification Company Former Owner Facing 80 years in Jail

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                            Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business, was found guilty yesterday in Manhattan federal court of conspiracy, mail fraud, and wire fraud in connection with a scheme to defraud distressed homeowners and lenders. Khafizov was convicted after a ten-day jury trial presided over by U.S. District Judge George B. Daniels. He was ... Read More »

                              Getting a Job or Finding a Job After Bankruptcy

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                              A common conern I hear from time-to-time is if someone goes bankrupt will they be able to find a job or get a job. The answer will surprise you. According to Christine Saah Nazer, of the U.S. Equal Employment Opportunity Commission, “The use of credit histories in employment can have a disparate impact on a range of people, including people ... Read More »

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