Arizona Bankruptcy & Foreclosure Blog

Home/Arizona Bankruptcy & Foreclosure Blog

Message from Diane L. Drain

In this blog I will examine financial concerns that affect us all (yes, even those who believe they are financially secure) and to offer a peek behind the ‘financial curtain’. The primary goal of our office is to give our clients what they value most – peace of mind. There are many ways to deal with financial problems, including bankruptcy; but for every good option there are hundreds of scams.

Arizona Bankruptcy & Foreclosure Blog2020-08-27T18:55:06-07:00
601, 2021

Performance SLC Accused of Charging Student Loan Borrowers Illegal Fees

By |January 6th, 2021|scams, Student Loans|Comments Off on Performance SLC Accused of Charging Student Loan Borrowers Illegal Fees

CFPB Charges Performance SLC and Performance Settlement, Daniel Crenshaw, with Using Deceptive Tactics November 5, 2020 – The Consumer Financial Protection Bureau (Bureau) filed a complaint against Performance SLC, LLC (PSLC), a California debt-relief business focused on federal student loan debt; Performance Settlement, LLC (PSettlement), [...]

501, 2021

Midwest Recovery Systems Received Millions Collecting Fake Debts

By |January 5th, 2021|Collection companies & Debt buyers, scams|Comments Off on Midwest Recovery Systems Received Millions Collecting Fake Debts

The FTC alleged that Midwest Recovery, and owners Brandon M. Tumber, Kenny W. Conway and Joseph H. Smith, collected more than $24 million from consumers on such debts, largely by debt parking. What is "debt parking", also known as “passive debt collection?” According to an article by the Federal Trade [...]

301, 2021

Midland Funding, Encore Capital Group, Asset Acceptance Sued for Violating Consent Order

By |January 3rd, 2021|Collection companies & Debt buyers|Comments Off on Midland Funding, Encore Capital Group, Asset Acceptance Sued for Violating Consent Order

CFPB Sues Encore Capital Group, Midland Funding, Midland Credit Management, and Asset Acceptance Capital Corp for Collecting Debts Beyond Statute of Limitations without disclosing debts were uncollectable, and other illegal acts On September 8, 2020, the Consumer Financial Protection Bureau (Bureau) filed suit in federal [...]

201, 2021

What Makes a Great Bankruptcy Attorney?

By |January 2nd, 2021|Consumer Bankruptcy|Comments Off on What Makes a Great Bankruptcy Attorney?

Find The Right Bankruptcy Lawyer For You Reprint from a great California bankruptcy attorney – Cathy Moran Picking  the  right bankruptcy lawyer  is a lot like picking the right head coach for a sports team. It doesn’t assure success, but without the right professional, success [...]

201, 2021

Warning – Debt Collectors ‘Friending’ You on Facebook Make Public Demand for Payment

By |January 2nd, 2021|Collection companies & Debt buyers, Debt Relief Agencies|Comments Off on Warning – Debt Collectors ‘Friending’ You on Facebook Make Public Demand for Payment

Debt Collectors Can Demand Payment on Facebook Once You ‘Friend’ or ‘Follow’ Them According to an article in PaymentsJournal and the Register debt collectors now have the authority to make their payment demands public on Facebook, Twitter and other social media platforms According to The [...]

101, 2021

Nationstar Mortgage Sued for Causing Substantial Harm to Mortgage Borrowers

By |January 1st, 2021|Real Estate|Comments Off on Nationstar Mortgage Sued for Causing Substantial Harm to Mortgage Borrowers

CFPB and State Attorneys General Settle with Nationstar, aka Mr. Cooper, accused of unfair and deceptive practices On December 7, 2020, the Consumer Financial Protection Bureau (Bureau) filed a complaint and proposed stipulated judgment and order against Nationstar Mortgage, LLC, which does business as Mr. Cooper (Nationstar). The Bureau [...]

101, 2021

Discover Bank and The Student Loan Corporation to Refund Millions to Consumers

By |January 1st, 2021|Student Loans|Comments Off on Discover Bank and The Student Loan Corporation to Refund Millions to Consumers

CFPB Settles with Discover Bank, the Student Loan Corporation and Discover Products for violating a consent order and other unlawful practices December 22, 2020 Consumer Financial Protection Bureau issued a consent order that Discover must pay at least $10 million to consumers, and $25 million [...]

101, 2021

Paycheck Protection Program – New Funds Available

By |January 1st, 2021|COVID-19|Comments Off on Paycheck Protection Program – New Funds Available

The Paycheck Protection Program (the second round): On December 27, 2020 a new bill was signed into law, now referred to as the Consolidated Appropriation Act of 2021, or ‘CAA’, This bill is 5,593 pages long (knowing how the legislative process works, there is no [...]

3112, 2020

COVID – Consolidated Appropriation Act “CAA” and Bankruptcy 12-27-20

By |December 31st, 2020|Consumer Issues, COVID-19|Comments Off on COVID – Consolidated Appropriation Act “CAA” and Bankruptcy 12-27-20

How Does the Consolidated Appropriation Act Intersect with Bankruptcy? December 27, 2020 Congress passed the longest bill ever – 5,600 pages. The Consolidated Appropriation Act of 2021 “CAA”, I can only assume, like so many of the other laws created by the Legislative branch, that [...]

1412, 2020

Problems Paying Your Mortgage During COVID? – Check Out the Options

By |December 14th, 2020|Loan Modification, Real Estate|Comments Off on Problems Paying Your Mortgage During COVID? – Check Out the Options

Are you financially stressed right now? What to know about options, from debt negotiation to bankruptcy This short video from the Consumer Financial Protection Bureau "CFPB" is actually very informative and goes over the various options for homeowners who have received a forbearance. If the homeowner is not in [...]

Go to Top