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A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase, Deutsche Bank and several other global institutions kept moving illicit funds after receiving warnings from U.S. officials.

Read More from: BankThink

1 week 3 days ago

Every September 20th on National Bankruptcy Day I like to remind people about their bankruptcy superpower, in a whimsical way.

People who file Chapter 7 Bankruptcy get a fresh start that lets them make financial decisions faster than a speeding bullet.

Having money at the end of the day makes your wallet more powerful than a locomotive.

Bankruptcy allows you to discharge tall debts in a single case.

Bankruptcy gives you powers and abilities far beyond those of mortal man.

You can change the course of mighty foreclosures and repossessions; and

you can tear up garnishments with your bare hands.

Bankruptcy lets you wipe out unsecured debt, such as credit cards, medical bills, and personal loans.  It stops most lawsuits.  It lets you walk away from that house mortgage or car lien that you no longer want. It even wipes out certain taxes.

 

How special are you? Well, look at this.

  • Not everyone can file Chapter 7 Bankruptcy.
  • Not a railroad, or an insurance company
  • Not a bank or credit union.
  • Not even a city, town or village, or state. But yes, You Can!

 

Read More from: Bankruptcy Law Network

1 week 3 days ago

forbearance escrow

Got a mortgage forbearance? Watch out for the escrowed taxes after the forbearance is up.

While the CARES Act made forbearance on federally backed mortgages available for the asking. But no one talked about the escrow portion of the skipped mortgage payments.

Federal guidance urged servicers to offer easy ways to pay the skipped payments after forbearance but seems to have skipped any discussion of a timeline for making the lender whole for taxes due during the forbearance.

So, if you need a forbearance, make a plan for the escrow shortage.

What are escrow items

If your lender or mortgage servicer collects property taxes and/or homeowner’s insurance along with your loan payment, those are escrow items.

Read More from: The Soap Box

1 week 4 days ago

How to Overcome Your Spending Habits after a Bankruptcy

We live in a consumerist society. It’s very easy to get caught up in a cycle of spending, even beyond what you can afford. Credit is easy to come by, and we are inundated with ads that tell us that our lives are not as happy or fulfilling as they could be if we don’t have certain products in our lives. Many of us also tend to spend for the lives we want and think that we will one day have, rather than recognizing the realities of our current limitations.

All that spending can eventually lead to overwhelming debt. Fortunately, bankruptcy is a viable legal option to give you the debt relief and the fresh start that you need. Mesa Chapter 7 bankruptcy is particularly useful for dealing with credit card debt as it can discharge it all. However, even if you get that fresh start through bankruptcy in Mesa, you are going to need to deal with your spending habits unless you just want to spend yourself into another financial crisis in a few years. Here are a few things you can do to help you overcome your poor spending habits after filing for bankruptcy in Mesa:

Read More from: My AZ Lawyers

1 week 5 days ago

How to Overcome Your Spending Habits after a Bankruptcy

We live in a consumerist society. It’s very easy to get caught up in a cycle of spending, even beyond what you can afford. Credit is easy to come by, and we are inundated with ads that tell us that our lives are not as happy or fulfilling as they could be if we don’t have certain products in our lives. Many of us also tend to spend for the lives we want and think that we will one day have, rather than recognizing the realities of our current limitations.

All that spending can eventually lead to overwhelming debt. Fortunately, bankruptcy is a viable legal option to give you the debt relief and the fresh start that you need. Mesa Chapter 7 bankruptcy is particularly useful for dealing with credit card debt as it can discharge it all. However, even if you get that fresh start through bankruptcy in Mesa, you are going to need to deal with your spending habits unless you just want to spend yourself into another financial crisis in a few years. Here are a few things you can do to help you overcome your poor spending habits after filing for bankruptcy in Mesa:

Read More from: My AZ Lawyers

1 week 5 days ago

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

Read More from: BankThink

1 week 5 days ago

Wells Fargo provides few updates on growth; why some banks are aggressively cutting costs and others aren’t; crypto exchange Kraken receives Wyoming bank charter; and more from this week’s most-read stories.

Read More from: BankThink

1 week 5 days ago

 


A New Student Loan Discharge Case allowing the Discharge of $200,000 in Student Loans 

The 10th Circuit U.S. Court of Appeals in McDaniel v. Navient, has issued a ruling allowing the discharge  of  a debtor/borrower’s $200,000 in private student loan debt, in a Chapter 7 bankruptcy case.

Read More from: Shenwick & Associates

1 week 5 days ago

A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.

Read More from: BankThink

1 week 5 days ago

Measures designed to give banks and credit unions more flexibility to help customers weather the coronavirus pandemic are set to expire Dec. 31 unless Congress renews them.

Read More from: BankThink

1 week 5 days ago

The Federal Reserve and the Treasury Department released a set of FAQ's aimed to clearing up misconceptions about the Main Street Lending program and encouraging more bank participation.

Read More from: BankThink

1 week 5 days ago

The competition has leading-edge technology, but consumers may be looking for more than just bells and whistles when choosing where to do their banking.

Read More from: BankThink

1 week 5 days ago

Citigroup is embarking on hiring 6,000 young people in Asia over the next three years in an effort to help cushion the region from a blowout in youth unemployment.

Read More from: BankThink

1 week 5 days ago

Attorney Rafi Stern has packed in a lot of work and experience in the relatively short time since his law school graduation.  A product of New York City, Rafi has found his passion in the form of non-profit legal work.  He is currently a legal fellow with the Lawyers Alliance for New York.  Ivy league educated with his undergraduate degree from Brown University and his law degree from Cornell Law School, Rafi worked for the large law firm of

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

1 week 5 days ago

The San Diego bank first considered finding a buyer two years ago and had offers in early 2019. The price of the deal it finally reached in the throes of the pandemic was much lower than some earlier offers.

Read More from: BankThink

1 week 5 days ago

Bank of America Chief Executive Brian Moynihan called for another round of federal stimulus to help the U.S. reach a full economic recovery from the coronavirus pandemic.

Read More from: BankThink

1 week 5 days ago

Weil has won two awards at the IFLR1000’s inaugural United States Awards. The awards recognize “the most innovative U.S. deals and the best-performing law firms and lawyers across the states in 2019.” Co-Chair of Weil’s Business Finance & Restructuring Department Ray C. Schrock, P.C. has been named “Lawyer of the Year: Restructuring and Insolvency.” His recent accomplishments include

1 week 5 days ago

After two years of helping banks connect globally to domestic faster payments rails, Swift is planning to expand on that concept.

Read More from: BankThink

1 week 5 days ago

Vanguard announced the publishing of its Investment Stewardship 2020 Annual Report.  The report shares the highlights of the asset manager’s engagements with its portfolio companies, observations and voting statistics relating to the 12-month period ended June 30, 2020. The firm’s key focus areas are primarily climate change and diversity.

Vanguard believes environmental, social and governmental (ESG) matters came into sharper focus during the 2020 proxy season because of certain events and circumstances, including the COVID-19 pandemic, economic uncertainty, escalating climate risks and historic social justice movements. Vanguard wants to know how boards plan to preserve long-term relevance.

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1 week 5 days ago

Sounds like a lot, but the student loan debt erasure seems to apply to only 35,000

Student Loans Forgiven?

Which Student Loans In Settlement?

former ITT students.

A new settlement related to the now-defunct for-profit school ITT Technical Institute would erase $330 million in privately-held student loan debt owed by around 35,000 former ITT students.

The nationwide settlement, announced on Tuesday by the Consumer Financial Protection Bureau (CFPB) and state attorneys general from 47 states and the District of Columbia, hopes to erase debt owed by former ITT students to a Deutsche Bank-funded program called “PEAKS Trust.”

Read More from: Discharge Student Loan

1 week 5 days ago

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