They Froze My Money In The Bank!

If you have a joint bank account you should know that if a creditor obtains a judgment against one account holder, they could (and usually do) try and file a “bank levy” to have a Sheriff seize the money in the joint account. If your name is on a joint account with...

Should You Use a Joint Bank Account Instead of a Will?

Parents often think that by adding a child’s name to a joint bank account, they are making things easy for the family in the event they die.  While a joint account holder does have the ability to access the account on which he or she is named, owning assets...

Are Joint Bank Accounts A Good Idea?

Many people, usually spouses, have joint bank accounts. Sometimes joint bank accounts are opened for the convenience of allowing a child to access funds and write checks to pay bills.  Sometimes joint bank accounts are opened up as a way to have ownership of the funds...

Can You Trust Your Student Loan Servicer?

Many people have student loans and rely on the servicers to process their payments and deal with them fairly when it comes to negotiating any repayment terms.  But the Consumer Financial Protection Bureau has shown us that we need to question everything when it comes...

CFPB Protects 9/11 Responders

The CFPB joined with the New York Attorney General and filed a lawsuit against RD Legal Funding LLC and two related entities for allegedly scamming 9/11 responders out of money that was supposed to be used to cover medical expenses and other costs.  Allegedly, RD...

Doubling Bankruptcy Exemptions

Doubling your bankruptcy exemptions — is it double the trouble or double the good?  What does it all mean? Doubling bankruptcy exemptions means that you and your spouse can each take the full allowed amount of the exemption on the same piece of property, so long...

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