Originally posted by NPR What’s the point of an allowance? For Ron Lieber, personal finance writer for The New York Times, it’s a tool to help teach values and character traits like patience, moderation, thrift and generosity. And Lieber, who’s writing a book, , about kids, money and values, tells Morning Edition host Steve Inskeep […]
Significant Damages for a Violation of the Automatic Stay and Discharge Injunction
In a recent case in the Third Circuit the Bankruptcy Court ordered Commonwealth Financial Systems (CFS) to pay damages in the amount of $88,480 for violating an automatic stay and discharge injunction. 4 Years prior to the debtors filing for Chapter 7 Bankruptcy, CFS obtained a judgment for the amount of $23,307.49 against her. Following […]
Relief From Student Loan Debt for Public Service Workers
Jim Winn for The New York Times Travis and Stephanie Gay are special education teachers who participated in a state debt forgiveness program. By ANN CARRNS Published: September 10, 2013 in The New York Times Raha Wala, a 30-year-old lawyer for an international human rights organization, is facing $200,000 in student loan debt. But if […]
Tighter Rules Will Make It Harder to Get a Reverse Mortgage
Originally published here by The New York Times. By TARA SIEGEL BERNARD Published: September 6, 2013 The spigot on reverse mortgages has been slowly tightened over the last several years. Borrowers can no longer tap as much of their home equity as they could before the housing crisis. Now the rules are about to change […]
Undue Hardship and the Discharge of Student Loans
Earlier this year a Wisconsin Bankruptcy Court decided that debtor Bradley A. Mhyre was entitled to have his student loans discharged in bankruptcy under the Brunner Test for determining undue hardship. In 1994 Mhyre sustained a neck injury that left him paralyzed from the chest down leaving him limited use of his shoulders and arms. […]
NJ SANDY HOMEBUYER ASSISTANCE PROGRAM
The Greater Vineland Chamber of Commerce (GVCC) wants to make you aware of a new program to help homebuyers, particularly those impacted by Superstorm Sandy. The New Jersey Housing and Mortgage Finance Agency (HMFA) has recently launched the Sandy Homebuyer Assistance Program, providing up to $50,000 in forgivable mortgage assistance to qualified borrowers seeking to […]
Super Heroes Fight Debt
by Cathy Moran, California Bankruptcy Lawyer The GetOutOfDebt guy is my hero. He’s not quite as swashbuckling as Batman and Superman. Not as suave as Elliot Ness, battling crime gangs. But he’s fighting for a better world, nonetheless. He fights Debt, a blight on too many in our squeeze-the-middle class, consumer society. Steve Rhode sings […]
How Payday Lenders Escape State Crackdowns
Need money fast? Hope you don’t mind an annual interest rate of nearly 700 percent. By Paul Kiel on Wed. August 7, 2013 3:00 AM PDT Originally published at http://bit.ly/19eP4WD Thomas Hawk/Flickr This story first appeared on the ProPublica website and in the St. Louis Post-Dispatch. In 2008, payday lenders suffered a major defeat when […]
Over a Million Are Denied Bank Accounts for Past Errors
A version of this article appeared in print on 07/31/2013, on page A1 of the NewYork edition with the headline: Million Denied Bank Accounts For Past Errors. Published originally in the New York Times. Chang W. Lee/The New York Times Tiffany Murrell, who had a $40 overdraft in 2010, was rejected repeatedly for an account. […]
Julie Miller, Oregon Woman, Awarded $18.6 Million Over Equifax Credit Report Errors
PORTLAND, Ore. (AP) — A federal jury in Oregon awarded $18.6 million to a woman who spent two years unsuccessfully trying to get Equifax Information Services to fix major mistakes on her credit report. Julie Miller of Marion County was awarded $18.4 million in punitive damages and $180,000 in compensatory damages, though Friday’s award against […]
