New Jersey bankruptcy Article By KATE COSCARELLI STAR-LEDGER STAFF Marlton bankruptcy lawyer Andrew Al tenburg says the part of the new federal bankruptcy law requiring he call himself a “debt-relief agency” is offensive. Michael Schwartzberg, who handles a couple hundred bankruptcy cases each year from his Bloomfield office, thinks it’s ridiculous. And at the mere […]
Credit: For Those of You Keeping Score at Home
New Jersey bankruptcy Article Come Sept. 1, debt-laden Americans everywhere can find out what creditors really think of them. On that date, residents of the Northeast will be able to order free copies of their credit reports by logging on to annualcreditreport .com. People on the West Coast got access last December and the availability […]
Top Ten Tricks of the Lending Trade
New Jersey bankruptcy Article The tricks of the trade are limited only by the imagination of the lender – certainly not by federal regulations. And they’re all conceived with one end in mind — big profits, not helping you. Fairness to the borrower just isn’t part of the equation. 1. YOUR CREDIT’S BAD. So you […]
Mortgage Fraud
New Jersey bankruptcy Article A report issued by the FBI in May of 2005 on mortgage fraud I. General Overview The increased reliance by both financial institutions and non-financial institution lenders on third-party brokers has created opportunities for organized fraud groups, particularly where mortgage industry professionals are involved. Combating significant fraud in this area is […]
A legacy of Terri Schiavo: More interest in living wills
New Jersey bankruptcy Article Article printed in Accounting Today A legacy of Terri Schiavo: More interest in living wills By Pamela H. Woldow It is common to parody accountants as tightly wrapped number-crunchers oriented more toward dollars than human emotions, religious beliefs, moral debates and political controversies. Among the Babel of commentators seeking a pulpit […]
Creditors Can’t Seize I.R.A.’s, High Court Rules
New Jersey bankruptcy Article By THE ASSOCIATED PRESS Published: April 4, 2005 Filed at 10:48 a.m. ET WASHINGTON (AP) — The Supreme Court on Monday ruled that creditors may not seize Individual Retirement Accounts when people file for bankruptcy, giving protection to a nest egg relied upon by millions of Americans. The unanimous decision sides […]
Hanging On, From Predawn to Way Past Dusk; For Poconos Newcomers, Long Days and Lean Wallets
New Jersey bankruptcy Article Article printed in the New York Post, April 12, 2004 By ANDREW JACOBS MOUNT POCONO, Pa. — Dazed with exhaustion, Angela Dean takes a third swipe at the snooze bar and then realizes she cannot afford another 10-minute reprieve from reality. It is 3:30 a.m., and there is laundry to be […]
Blue Skies and Green Yards, All Lost to Red Ink
New Jersey bankruptcy Article Article printed in the New York Post, April 11, 2004 By MICHAEL MOSS and ANDREW JACOBS ( Series ) 6326 words STROUDSBURG, Pa. — Ethel Davis first glimpsed her luminous future in 1997 when she saw a television ad that offered a vision of a green, secure world that had seemed […]
Dumpster-Diving for Your Identity
New Jersey bankruptcy Article December 21, 2003 By STEPHEN MIHM Stephen Massey was only a few minutes late, yet he apologized profusely as he strode into the lobby of a crowded restaurant in downtown Eugene, Ore. ”I’m very punctual about my time,” he said, clasping my hand in a firm shake. With his freshly combed […]
Not-for-Profit Credit Counselors Are Targets of an I.R.S. Inquiry
New Jersey bankruptcy Article Article printed in the New York Times, October 14, 2003 By JENNIFER BAYOT he Internal Revenue Service is investigating the business practices of nonprofit credit counseling services, which advise millions of people in debt. The investigation could jeopardize the agencies’ nonprofit status and upend the industry just as a proposed change […]
