by CEF | Feb 24, 2017 | Chapter 13, Chapter 7, General
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...
by CEF | Feb 24, 2017 | General
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...
by CEF | Feb 24, 2017 | General, Women and Bankruptcy
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...
by CEF | Feb 23, 2017 | CFPB, General, Student Loans
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...
by CEF | Feb 23, 2017 | CFPB, Collection Calls, FDCPA, General
If you feel that debt collectors have been threatening you and crossing the line, you are not alone. The Consumer Finance Protection Bureau recently released a survey reporting that more than one-in-four consumers feel threatened by a debt collector, and a majority...
by CEF | Feb 21, 2017 | Chapter 13, General
Once you file a Chapter 13 case your lawyer will tell you about Chapter 13 plan payments and about the importance of making each payment on time in the way that the trustee requires for your district. But, if you are also supposed to continue making mortgage payments...
by CEF | Feb 8, 2017 | Chapter 13, Chapter 7, General
If you are thinking of filing for bankruptcy and you are holding onto uncashed checks because you think that you don’t have to declare it as income until it is cashed — think again. After you file for bankruptcy there will be a meeting with the...
by CEF | Feb 8, 2017 | CFPB, General
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...
by CEF | Jan 11, 2017 | CFPB, General, Seniors, Student Loans
On January 5, 2017, the Consumer Financial Protection Bureau (“CFPB”) released a report on the complaints from older student loan borrowers about the servicing practices of the lenders. According to the report, older borrowers who are struggling to make...
by CEF | Jan 11, 2017 | Chapter 13, Chapter 7, General
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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