• Mortgage lenders requiring all borrowers to sign a reaffirmation as part of a bankruptcy before agreeing to refinance the loan Wells Fargo and other lenders who have this policy ignore bankruptcy law governing reaffirmation and [...]

  • Predatory auto lenders have long preyed on low-income consumers falsifying the borrower’s income information without any regard to the borrower’s ability to pay the loan. The other day a caller said "I used a document [...]

  • The District Court ruled inherited IRAs are exempt because they retain their character as retirement funds, but the US Court of Appeals for the Seventh Circuit reversed that ruling. With this off the question went [...]

  • Bankruptcy Judge agrees with creditors that Jacoby & Meyers Bankruptcy should be in bankruptcy in order to better protect its creditors. “This is a case that needs to exist,” U.S. Bankruptcy Court Judge Shelley Chapman [...]

  • The Bankruptcy Reform Act of 2005 reported to be a "Dismal failure". The bankruptcy law, approved by Congress in 2005 after years of debate, makes it much harder for households to get out from under [...]

  • Once a bankruptcy is filed there is no magic wand to make it disappear. Bankruptcy stays on your credit for ten years - whether or not you complete the process. In re T. Khan, BAP [...]

  • Published On: November 22, 2013

    Banks, such as Wells Fargo, are offering loans, similar to payday loans, which trap the borrower into a endless cycle of paying off the same loan time after time, after time. More than $221 billion [...]

  • Published On: November 14, 2013

    When filing a bankruptcy it is very important that a consumer understand the dictates of the "means test". The means test numbers change twice a year. Each consumer filing for bankruptcy must fill out a [...]

  • Published On: October 4, 2013

    Using Bankruptcy to Save a Home is a Challenge and Must be Done with Careful Planning. It is also important to have the assistance of an experienced Chapter 13 attorney. WARNING: The default rate for [...]

  • The US Justice Department and a few brave judges are becoming very aggressive about the abuses large banks have suffered on their customers. Judges slam Wells Fargo Bank and Bank of America for their abusive [...]