Category Archives: Uncategorized

The Legal Professional: US bankruptcies rise in 2009

Source: Credit and CollectionNews.com
(The Legal Professional)
Wednesday 10 March 2010
The USA lumps all kinds of insolvency proceedings under the single heading of “bankruptcy” and so its headline figures are misleading. But behind the headline figure - that there was a near-30% increase in 2009 as against 2008, there are some trends that indicate a deep malaise […]

DEBT COLLECTORS PAY MORE THAN $1 MILLION TO SETTLE FTC CHARGES

DEBT COLLECTORS WILL PAY MORE THAN $1 MILLION TO SETTLE FTC CHARGES
SOURCE: CreditAndCollectionNews.com

A nationwide debt collector has agreed to pay a civil fine of more than $1 million to settle Federal Trade Commission charges that it violated federal law by inaccurately reporting credit information and pressing consumers to pay debts they often did not owe.
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4TH CIRCUIT AFFIRMS REJECTION OF RIDE-THROUGH In re Jones 4th Cir. Jan 11 2010

4TH CIRCUIT AFFIRMS REJECTION OF RIDE-THROUGH
In […]

Your Chapter 13 Plan Payments

I have seen statistics on the numbers of failed Chapter 13 cases and successful Chapter 13 cases.  The number one reason a debtor’s case is dismissed is for delinquent Chapter 13 plan payments.  In those cases, the debtor has been authorized to pay the Chapter 13 Trustee the Chapter 13 monthly plan payment.  Remember, a […]

Reaffirmation Agreements In Chapter 13 Bankruptcy

I have a case where the creditor’s attorney sent me a Reaffirmation Agreement. I had never had a creditor’s attorney try to have the creditor’s debt reaffirmed. Moreover, the creditor is over-secured with a deed of trust lien on the debtors’ principle residence. I read Section 524(c)(1) of the Bankruptcy Code. […]