Supreme Court to Hear Case About Chase Bank Raising Interest Rates on Cardholders

In October, 2010 the Supreme Court of the United States will hear the case of Chase Bank, NA v. James McCoy which was originally filed in 2006 and has been working its way through the court system having been appealed by Chase Bank, now JPMorgan Chase. This case presents the question of whether the notice …

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Supreme Court Rules in Favor of Chapter 13 Bankruptcy Debtors

In a case before the Supreme Court the Court today issued their opinion favoring the debtor in this case. In HAMILTON, CHAPTER 13 TRUSTEE v. LANNING the bankruptcy trustee, Hamilton, a private trustee objected to the monthly payment the debtor, Stephanie Kay Lanning, stated she could reasonably afford to pay. The trustee had followed a …

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