May11
By Mark Lieberman, Senior Economist
Source: FOXBusiness
During the debate over changes in personal bankruptcy laws, bankers were tripping over themselves to get Congress to agree to changes to make filing personal bankruptcy more difficult. The changes, they argued, would make borrowers more responsible – and by the way reduce bank losses as debts could no longer […]
By Brian Allen
Tags: Bankruptcy, Chapter 13, Chapter 7, credit card, delinquency, discharge, economy, foreclosure, loan modification, mortgage, Obama, plan, prime, reform, repayment
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Filed under Housing Crises
Apr04
My client, seventy (70) year old Sulphur Springs Texas resident, working full time at a local department store sought Chapter 7 bankruptcy protection from Sallie Mae and TERI/NCT, student loan creditors. (TERI stands for The Education Resources Institute; NCT means National Collegiate Trust). A discharge under Chapter 7 or Chapter 13 does not discharge student loans unless […]
By Brian Allen
Tags: adversary, adversary proceeding, Chapter 7, discharge, hardship, NCT, Sallie Mae, Student Loans, Sulphur Springs, TERI, TERI/NCT, Texas, undue hardship
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Filed under Student Loans
Mar10
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 […]
