Arizona Bankruptcy & Foreclosure Blog

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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 BlogDiane Drain2020-08-27T18:55:06-07:00
304, 2021

Even if You Are in Prison – File Required Bankruptcy Documents or Your Case Will Be Dismissed.

By Diane Drain|April 3rd, 2021|Bankruptcy, Before filing bankruptcy|0 Comments

In prison?  If You Are Going to File Bankruptcy, You Must Follow the Rules – No Exception. In re Harrell, BAP No. EC-20-1091-BTL (9th Cir BAP, 3-20-21) Harrell is incarcerated at Folsom State Prison in California. He filed a “skeletal” chapter 7 bankruptcy case on [...]

304, 2021

CFPB Cracking Down on Mortgage Servicers

By Diane Drain|April 3rd, 2021|Foreclosure|Comments Off on CFPB Cracking Down on Mortgage Servicers

CFPB Compliance Bulletin Warns Mortgage Servicers: Unprepared is Unacceptable Servicers Should Gear Up for Expected Surge in Homeowners Needing Assistance (April 1, 2021 – reprint from CFPB) The Consumer Financial Protection Bureau (CFPB) today warned mortgage servicers to take all necessary steps now to prevent [...]

304, 2021

Bankruptcy Related Changes Under CARES Act and Consolidated Appropriations Act

By Diane Drain|April 3rd, 2021|Bankruptcy|Comments Off on Bankruptcy Related Changes Under CARES Act and Consolidated Appropriations Act

Bankruptcy Related Changes Under the CARES Act and the Consolidated Appropriations Act of 2021 February 9, 2021 By Andreozzi Bluestein LLP  By: Daniel F. Brown, Esq. (provided here for educational purposes only). The Consolidated Appropriations Act of 2021 The Consolidated Appropriations Act of 2021 (the “Appropriations [...]

2203, 2021

Stopping Unlawful Debt Collection Practices, CFPB 2020 Report

By Diane Drain|March 22nd, 2021|Debt Relief Agencies, Payday and other usury loans|Comments Off on Stopping Unlawful Debt Collection Practices, CFPB 2020 Report

CFPB Submits 2020 Report  to Congress on the Administration of the Fair Debt Collection Practices Act Report highlights commitment to protect consumers during the COVID-19 Pandemic The Consumer Financial Protection Bureau (CFPB) released the 2020 annual report to Congress on the administration of the Fair Debt Collection Practices Act [...]

1503, 2021

You will not lose your 2021 Stimulus Payments if you File Bankruptcy (Maybe?)

By Diane Drain|March 15th, 2021|Consumer Issues, COVID-19|Comments Off on You will not lose your 2021 Stimulus Payments if you File Bankruptcy (Maybe?)

Protection of Stimulus Payments from a Bankruptcy Trustee The following is from the NCLC Consumer Law Implications of the American Recovery Plan Act Public Law No. 116-260, Consolidated Appropriations Act of 2021, div. FF, tit. 10, § 1001(a) adds a new Bankruptcy Code § 541(b)(11) to the list of [...]

903, 2021

You Have a Reverse Mortgage: Know Your Rights and Responsibilities

By Diane Drain|March 9th, 2021|Consumer Issues, reverse mortgage|Comments Off on You Have a Reverse Mortgage: Know Your Rights and Responsibilities

You have a reverse mortgage: Know your rights and responsibilities Publication from Consumer Financial Protection Bureau "CFPB".  Reverse mortgages can be a nightmare, leaving your spouse evicted from their home once the signing spouse dies.  This in-depth guide teaches current reverse mortgage borrowers about their rights and responsibilities under [...]

803, 2021

With Protections Expiring, Millions are in Danger of Losing Their Home

By Diane Drain|March 8th, 2021|Consumer Issues, COVID-19, Eviction, Foreclosure, Loan Modification|Comments Off on With Protections Expiring, Millions are in Danger of Losing Their Home

With Protections Expiring, Millions are in Danger of Losing Their Home by: Jann Swanson  Mortgage News Daily, Mar 2 2021, 9:17AM (Reprint for education purposes only) What happens to homeowners and landlords when the federal, state, and local protections put in place during the pandemic [...]

103, 2021

Millions Are Hounded for Debt They Don’t Owe

By Diane Drain|March 1st, 2021|Collection companies & Debt buyers, Payday and other usury loans, scams|Comments Off on Millions Are Hounded for Debt They Don’t Owe

A powerful story from one man who refused to be bullied to one of the devious debt collectors: Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance Article by Zeke Faux, Bloomberg Business week. Andrew Therrien wanted payback. He got it—and uncovered a [...]

2402, 2021

Avoid COVID Mortgage Relief Scams

By Diane Drain|February 24th, 2021|COVID-19, Deficiency, Foreclosure, Loan Modification|Comments Off on Avoid COVID Mortgage Relief Scams

If you are behind on your mortgage, beware of mortgage relief scams. There is free foreclosure help. If anyone tries to charge you in advance for help or guarantees that they can stop your foreclosure, they’re not legitimate. Here are some red flags that can [...]

1502, 2021

FTC Bans Payday Lenders: Harvest Moon, Gentle Breeze and Green Stream. Forgives Illegal Debt

By Diane Drain|February 15th, 2021|Payday and other usury loans, scams|Comments Off on FTC Bans Payday Lenders: Harvest Moon, Gentle Breeze and Green Stream. Forgives Illegal Debt

FTC Bans Payday Lender and Forgive Illegal Debt –  Lead Express, Inc.; Camel Coins, Inc.; Sea Mirror, Inc,; Naito Corp.; Kotobuki Marketing, Inc.; Ebisu Marketing, Inc.; Hotei Marketing, Inc.; and Daikoku Marketing, Inc.From Industry Owners, operators of tribal payday lending scheme settle charges they defrauded [...]

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