As I have blogged before, election years spawn bankruptcy (and student loan) law reforms, but not much actual legislation. “I’m announcing my plan to repeal the harmful provisions in the 2005 bankruptcy bill and overhaul consumer bankruptcy rules in this country to give Americans a...
It’s that time of year – when many of us reflect on spiritual things in remembrance of events of 2,000 – or more – years ago – and when many of us overspend in celebration thereof. Numbers 30:2 If a man vows a vow to...
First, the bad news. A growing percentage of Santander Consumer USA Holdings Inc.’s subprime auto loans are turning out to be clunkers soon after the cars are driven off the lot. Remind me, what happened in 2008? Some loans made last year are souring at the...
It takes folks a long time to realize that they are bankrupt and need to file Chapter 7 bankruptcy. One client told me he read it was two years from when someone was broke until she actually filed bankruptcy. It can take a long time...
Zombies never die, and neither do some debts. Debt buying is a multi-billion dollar business in our country. Which is fine. The problem is the sellers do not warrant that the debt is, well, alive. It may be past the statute of limitations. It may...
Debt collectors chase folks of all ages, millennials have debt issues, but not just student loan debt? Millennials and Credit Card Debt As if there share of the $1.6 trillion student loan debt were not enough: Research from Clever has found that millennials are greatly...
Most every prospective bankruptcy client tells me “I need my car!” To which I say, you need a car, not the car you are now paying for. How Much Is Your Car Payment? Are you behind? Do you have the required insurance? How much is...
Debt, More Troubles, More Bankruptcy. How Much Debt Are We In? They tell me I have used up my free Bloomberg hits, but I get this much” U.S. consumer borrowing swelled in July by the most since late 2017 as Americans carried larger credit-card balances...
Some good news in the bankruptcy world for veterans, Passage of the HAVEN act which: Specific benefits protected under the Haven Act are: Permanent Disability Retired Pay Temporary Disability Retired Pay Retired or Disability Severance Pay for Pre-Existing Conditions Disability Severance Pay Combat Related Special...
You, well, I, thought this only happened in the movies, but, still going on. Zachary R. Mider and Zeke Faux have the story at Bloomberg: The visitor demanded to know why Mansouri, whose company rents high-tech cameras to Hollywood filmmakers, had stopped making payments on...