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Bankruptcy Filings Set to Rise in Canada

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Canadians are facing a projected increase in personal bankruptcies in 2012. Experts say this is due to an increase in lower paying jobs that just won’t allow people to make ends meet on those wages. Benjamin Tal of CIBC World Markets said, “Note that in recent years, the number of proposals … has risen dramatically, with the proposal rate reaching ... Read More »

    Fake Debt Collectors from India, Stopped

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    In December of 2009 I wrote Frightening Calls From Fake Debt Collectors Threaten People With Jail for Payday Loans. It’s a Scam. Since that time people have been receiving an increasing number of brazen calls from fake and phony debt collectors threatening jail or arrest. The names and telephone numbers these fake debt collectors literally scared the money out of ... Read More »

      Wasden Warns of Reported Mortgage Settlement Scams

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      Attorney General Lawrence Wasden today warned Idahoans to be cautious of scam phone calls and e-mails related to the recent multistate mortgage servicer settlement. Citizens throughout the country have reported to the multistate group that they have been contacted by callers claiming to have a list of consumers who are eligible for money from the settlement. The caller asks for ... Read More »

        Bankruptcy Attorney Rochester, NY

        Bankruptcy Attorney Rochester NY

        Over the years we have helped quite a few consumers in Rochester NY to resolve their debt issues. Rarely will a consumer seek our assistance hoping that we determine they should file for bankruptcy. Typically it is the opposite that is true. Consumers come to us seeking a solution that will allow them to avoid the need to file for ... Read More »

          Scam Alert – Beware of People Promising Help or Money From Mortgage Company Settlements

          It appears consumers are receiving calls from telemarketers claiming they are eligible to receive part of the $25 billion settlement a number of states reached with mortgage servicers and foreclosure servicers. Callers are requesting the bank account information to direct deposit funds into the consumers account from the government settlement fund. It is a scam. Funds will not be deposited ... Read More »

            Strategy on How to Defeat A Motion For Summary Judgment In Florida Specifically and Other States Generally

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            The premise behind a Summary Judgment (SJ) is that the facts are undisputed, and that the only remaining question is one of law. When a plaintiff files a motion for SJ they are going for the quick victory with minimal costs. Defeat the SJ and the plaintiff is in for a long war with greatly increased costs. The strategy for ... Read More »

              Pre-Bankruptcy Credit Counseling Certificate: Need One? I Found the Cheapest Class Online Here


              Bankruptcy Counseling First let me say that the entire idea of requiring consumers to have to get a pre-bankruptcy credit counseling certificate in order to file bankruptcy is ridiculous. It was ridiculous in 2005 when they passed the law, it’s ridiculous today. The requirement for people to complete some mandatory pre-bankruptcy counseling class was originally supported by credit counselors that ... Read More »

                Student Loan Public Service Loan Forgiveness – New Forms and Documentation Released

                The Department of Education has released new forms and documentation to assist government backed student loan holders with getting their loans discharged through the Public Service Loan Forgiveness (PSLF) program. The new documents include updated information on eligible loans: Any non-defaulted loan made under the William D. Ford Federal Direct Loan Program (Direct Loan Program) is eligible for loan forgiveness. ... Read More »

                  The Super Duper How to Switch Banks Step-By-Step Guide

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                  Flexo (aka Flexo) has a new post over on his tremendous site that gives you a set-by-step approach to switching banks. Seems more people are taking steps to vote with their money against bank policies they don’t agree with and beat feet to another bank. As Flexo says: With automated banking, direct deposits, and pre-authorized electronic withdrawals and online bill ... Read More »

                    All About Chapter 7 Bankruptcy Rules

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                    A chapter 7 case starts with the consumer filing a request with the bankruptcy court in the area where the individual lives or where the business borrower happens to be or has its principal place of business or principal resources. In addition to the petition, the debtor should likewise file having the court: schedules of investments and liabilities; an listing ... Read More »

                      Bankruptcy Attorneys Report Major Problems Brewing for Holders of Student Loan Debt

                      The National Association of Consumer Bankruptcy Attorneys conducted a survey of its members. Of the 860 bankruptcy attorneys that participated in the survey, 81 percent said potential clients with student loan debt have increased “significantly” or “somewhat” in the last three-four years. Nearly two out of five of bankruptcy attorneys (39 percent) have seen potential student loan client cases jump ... Read More »

                        Debt Collectors and Credit Bureaus to Report to the Consumer Financial Protection Bureau

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                        The CFPB has just announced they will be rolling out new proposed rules that will regulate consumer debt collection and consumer reporting markets. Proposed rules would mark the first time these important markets would be subject to federal supervision. “Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to ... Read More »

                          How Do You Get Out of Debt? Take This Survey.

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                          The great people over at the New Road Map Foundation are conducting a survey to uncover how people are getting out of debt. They’ve asked me to share the following announcement with you, which I am honored to do. The New Road Map Foundation is probably something you are not familiar with, but should be. Their goal is to help ... Read More »

                            How a Chapter 13 Discharge Bankruptcy Works

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                            The Chapter 13 Discharge The personal bankruptcy regulation concerning the chapter 13 bankruptcy discharge happens to be complex as well as has recently undertaked major changes. Consequently, debtors really should talk with competent legitimate consultation prior to filing pertaining to all a chapter 13 discharge encompasses. A chapter 13 consumer is entitled to a discharge upon conclusion of all payments ... Read More »

                              Chapter 13 Bankruptcy Rules, Questions, and Background

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                              Chapter 13 Bankruptcy Background A chapter 13 bankruptcy is usually called a wage earner’s plan. It permits people with routine salary to develop a strategy to repay all or part of their debts. Under this chapter, borrowers propose a repayment plan to make installments to lenders over three to five years. If the debtor’s current monthly income is less than ... Read More »

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