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Most people would rather parade naked down Main Street than file bankruptcy.

Bankruptcy makes them feel exposed, defeated, ashamed.

If you don’t want to go there, you can order your life so you don’t ever need bankruptcy relief from debts you can’t pay.

I’ve figured out the formula that assures that you’ll never met me in my professional capacity.

My five easy steps to avoid bankruptcy

  1. Have no family
  2. Stay perpetually well employed
  3. Enjoy good health
  4. Don’t go into business
  5. Rent, don’t buy, your home

Do all that, and your chances of needing a bankruptcy lawyer are slight.

It might work.

But really, how much of that list do you really control?

Read More from: The Soap Box

19 hours 42 min ago

In times of economic stress, customers tend to flood the U.S. banking system with deposits. But the leverage ratio penalizes banks for conducting this core banking function.

Read More from: BankThink

1 day 12 hours ago

Interactive Facebook ads and Twitter chats can complement — and sometimes outdo — traditional marketing and networking in the recruitment of commercial clients, financial institutions say.

Read More from: BankThink

1 day 12 hours ago

The simple act of moving money can have a big impact on any political movement, so banks and payment networks are often caught up in issues of national importance. Here are some recent instances where payments and politics came head-to-head.

Read More from: BankThink

1 day 12 hours ago

The latest draft of EU securitization rules would ban securitization of loans where borrowers certified their own income, raising concerns about banks’ ability to unload roughly $1 trillion of nonperformers.

Read More from: BankThink

1 day 12 hours ago

Readers weigh in on the end of President Trump's business councils, what the Charlottesville, Va., clashes mean for banks, OSHA's mishandling of Wells Fargo whistleblower claims, community banks' embrace of blockchain, and more.

Read More from: BankThink

1 day 12 hours ago

The Trump administration says it has put a stop to Operation Choke Point, a controversial initiative aimed at discouraging financial institutions from servicing high-risk businesses.

Read More from: BankThink

1 day 12 hours ago

The Department of Housing and Urban Development is facing a leadership crisis as top jobs go unfilled, leaving key decisions unresolved.

Read More from: BankThink

1 day 12 hours ago

A recent tribute to Maggie Walker came more than a century after she founded St. Luke Penny Savings Bank in Richmond, Va. But it fittingly coincided with the first anniversary of the #BankBlack movement and offers a counterweight to the racial strife that just occurred less than 100 miles away in Charlottesville.

Read More from: BankThink

1 day 12 hours ago

The company says the tracking devices are a way to reduce office space and know when shared workstations are free, but "hot-desking" also raises questions about whether employees are being spied on.

Read More from: BankThink

1 day 12 hours ago

The Japanese exchange bitFlyer has processed $30 billion in bitcoin trades so far in 2017. Now it has its sights set on American crypto enthusiasts.

Read More from: BankThink

1 day 12 hours ago

On March 31, 2017. Dollars in thousands

Read More from: BankThink

1 day 12 hours ago

How do you restore profits after a banking scandal that victimized both customers and employees — without inflicting more pain on either side?

Read More from: BankThink

1 day 12 hours ago

On March 31, 2017. Dollars in thousands

Read More from: BankThink

1 day 12 hours ago

On March 31, 2017. Dollars in thousands

Read More from: BankThink

1 day 12 hours ago

Attorney Ed WoodsLast week, the Jackson Free Press in Jackson, Mississippi reported that Mississippi payday lender, All American Check Cashing, Inc., is in trouble again. This time, it’s with the Consumer Financial Protection Bureau (CFPB). The CFPB alleges that All American has engaged in a range of improper practices including hiding check cashing fee schedules, misleading people into taking out costlier loans, and wrongfully keeping consumer overpayments. All American has apparently not responded to these allegations. Michael Gray, the owner of All American, is also implicated in the alleged wrongdoing.

According to the news article, the State of Mississippi has already revoked the licenses of All American and fined it nearly $900,000.00 and ordered the company to refund a total of $135,000.00 to seven hundred (700) customers. The CFPB is seeking to permanently ban Mr. Gray from financial businesses and seeks additional fines. According to the article, Mr. Gray sold most of All American’s assets to an Ohio company named Community Choice Financial after the state of Mississippi revoked All American’s licenses.

Read More from: Bonds & Botes, P.C.

1 day 22 hours ago

A homeowner should emerge from Chapter 13 knowing exactly what she owes on her mortgage;  thus we have FRBP 3002.1 said Judge Hannah Blumenstiel. At the end of my client’s Chapter 13, the lender’s response to the trustee’s notice of final cure payment failed to do that.  The failure to adequately support its contentions in [...]

The post Chronicles of Bankruptcy Rule 3002.1 appeared first on Bankruptcy Mastery.

Read More from: Bankruptcy Mastery

1 day 22 hours ago

The bank agrees to pay $6 million to a California couple a judge said was illegally foreclosed on; do rewards programs help or hurt card issuers?

Read More from: BankThink

2 days 2 min ago

The Alabama company agreed to buy FirstAtlantic Financial for $108 million.

Read More from: BankThink

2 days 12 hours ago

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