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The 2016 Democratic Party's draft platform has some major wins for those struggling with student loan debt. Whether you end up supporting the Democrats or Republicans in the 2016 presidential election, it's useful to know where each side stands on the issues of concern to you.Here's what the Democrats have to say:Democrats will allow those Read the article
The post What the 2016 Democratic Party Platform Says About Student Loans appeared first on Shaev & Fleischman P.C..
The Department of Labor has finalized new overtime laws. The new federal law, which includes Wisconsin, will take effect on December 1, 2016. The Fair Labor Standards Act (FLSA), 29 U.S.C. §§ 201-219, requires employers to pay workers an overtime rate for hours worked in excess of 40 hours per week. With so many Americans working longer hours and not being fairly compensated for that time, the new employment law will benefit many individuals.
If you are in an executive or managerial position, you may be jumping up and down about the new revisions. The good news is that the wage threshold for salaried workers has changed. This means more salaried employees will be eligible for overtime pay. Previously, the salary threshold was set at $23,600 a year or $455 a week, low numbers that employers were using to take advantage of employees. The new revision increases the salary threshold to $47,476 a year or $913 a week to qualify for an executive, administrative, or computer employee exemption. The new salary threshold aims to reduce the number of salaried employees who are not receiving overtime pay for additional hours worked.
If you are earning less than $47,476 a year and are not being paid overtime, speak with your employer immediately. Employers are required to pay all non-exempt employees overtime pay when they work more than 40 hours per week or increase the salary of their non-exempt workers to meet the threshold requirement. This means that you may be getting a raise.
The bad news…
If you are a non-exempt employee and you also earn commissions and bonuses, you may not want to celebrate too soon. Employers can include your bonuses and commissions with your current salary in order to meet the threshold requirement.
The other piece of bad news is that the language which dictates who falls under an executive, administrative, or computer employee is not clear. This gives employers an opportunity to “file” your job title under something other than executive, administrative, or computer in order to bypass paying you overtime. If your job title changes, but your duties and salary do not, you may want to contact our Walworth County employment law attorney.
Contact Our Walworth County Employment Law Attorney
If you feel you are being taken advantage of in the workplace, contact our Walworth County employment law attorney. As a non-exempt employee, you legally deserve compensation for the overtime hours you work, even if you are a salaried employee. You can contact our Walworth County employment law attorney by phone at 262-725-0175 or by email via our website’s contact page. Wynn at Law, LLC has employment law offices located in Delavan, Lake Geneva, Salem, and Muskego, Wisconsin.
Schedule an appointment with our Walworth County Employment Law Attorney.
*The content and material on this web page is for informational purposes only and does not constitute legal advice.
If your car was recently repossessed by the finance company, you have the ability under Chapter 13 bankruptcy law to recover that vehicle. You do so by filing a Chapter 13 bankruptcy case and proposing a plan to reorganize or repay that auto debt over time. You can reduce the interest rate owed to the+ Read More
The post Recover Your Car Under Chapter 13 Or Obtain A New Car Under Chapter 7 appeared first on David M. Siegel.
From Diane: In line with our firm’s commitment to financial education I suggest reading this short article about the CFPB’s focus on helping manage money, achieve financial goals and attain greater financial stability. The following are some very helpful tips on rebuilding credit, plus lots more.
The following is a reprint of: Prepared Remarks of Richard Cordray Director of the Consumer Financial Protection Bureau “CFPB”
Financial Literacy and Education Commission Meeting Washington, D.C. June 29, 2016
Over the past five years, the Bureau has focused on helping to create a financial marketplace that works for consumers, not against them. We try to do this by both protecting and supporting consumers. Our work to protect consumers involves making the rules governing the marketplace more effective, consistently and fairly enforcing those rules, and engaging in evenhanded oversight of financial institutions. Our work to support consumers includes creating resources and information directly for the public to use and engaging in foundational research to spread effective approaches to financial education.
As is true of the Financial Literacy and Education Commission itself, we recognize that promoting financial education depends on creating and fostering a diverse array of partnerships and collaborations. Currently, we are engaged around the country with libraries, social service providers, community groups, state and local policymakers, and various other partners.
All of these groups share our interest in helping the people we serve better achieve their financial goals and attain greater financial stability in their lives. In particular, we have come to value our partnerships with legal aid groups. They have helped us reach out to low-income consumers and those who are economically vulnerable. They play crucial front-line roles to ensure access to justice and promote financial security for consumers who may be unbanked, under-banked, or credit invisible.
With our Your Money, Your Goals initiative:
Nearly two years ago, we partnered with social service providers and trained them to provide financial education and tools to their clients. We then expanded on this work to offer the same resources to legal aid groups. The toolkit we have developed as part of the Your Money, Your Goals initiative addresses topics such as emergency savings; building credit history; managing debt; cash flow budgeting; and identifying financial products that consumers can use to pursue various financial and life goals.
The toolkit also includes templates for organizations that are interested in developing a resource and referral network so their clients know how to access help from specialized providers in their local communities. Since we launched the initiative, we have reached more than 450 legal aid staff and volunteer lawyers with in-person and webinar trainings.
Another resource that legal aid organizations may find useful is our Managing Someone Else’s Money guides. The guides are aimed at lay fiduciaries who have been named to manage money or property for a relative or friend who is unable to pay bills or make financial decisions. These financial caregivers include agents under a power of attorney, court-appointed guardians and conservators, trustees, and government benefit fiduciaries.
The guides are written in plain language to explain the duties and responsibilities of people who are acting in each of these fiduciary roles. They also describe how to watch out for scams and what to do if a family member or friend is a victim of financial exploitation. The guides can be distributed to low-income populations by legal services programs; they also can be distributed to adults aged 60 and older by legal services programs funded under the Older Americans Act. They can be shared with older adults who are deciding whom to name as their fiduciaries as well as with individuals who will themselves act as fiduciaries. Since the program launched nearly two years ago, we have distributed over 600,000 printed copies of the guides nationwide.
The Consumer Financial Protection Bureau is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives. For more information, visit consumerfinance.gov.
The post Need Help Managing Your Money and Planning for Your Future? Read further…. appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
The purpose of filing for Chapter 7 bankruptcy is to discharge debts. But even after obtaining a discharge, a debtor is not totally in the clear. A recent case in the United States Bankruptcy Court for the Western District of Michigan involves an adversary proceeding in which the United States Trustee sought to revoke a Chapter 7 debtor’s (the “Debtor”) discharge.[i] Read More ›
Tags: Chapter 7, Fraud & Abuse
MORTGAGE SERVICERS ARE VIOLATING CFPB RULES DUE TO ONGOING TECHNOLOGY FAILURES AND PROCESS BREAKDOWNS
Consumer Financial Protection Bureau (CFPB) released a special report focused on mortgage servicers. The report found that some mortgage servicers continue to use failed technology that has already harmed consumers.
Mortgage servicers bully innocent homeowners.
According to the CFPB Mortgage servicers are responsible for collecting payments from the mortgage borrower and forwarding those payments to the owner of the loan. They handle customer service, collections, loan modifications, and foreclosures. Even before the financial crisis, the mortgage servicing industry at times experienced problems with bad practices and sloppy recordkeeping. As millions of borrowers fell behind on their loans because of the crisis, many servicers were unable to provide the level of service necessary to meet homeowners’ needs.
“Mortgage servicers can’t hide behind their bad computer systems or outdated technology. There are no excuses for not following federal rules,” said CFPB Director Richard Cordray. “Mortgage servicers and their service providers must step up and make the investments necessary to do their jobs properly and legally.”
According to the CFPB problems with the mortgage servicers include:
- Information about loan modifications is late, incorrect, or deceptive due to technological breakdowns or malfunctions.
- Consumers get the runaround when loans transfer to a new servicer with incompatible computer systems
Read the full report….
The post Mortgage Servicers Cannot Hide Behind Outdated Technology appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
In recent memory, the city of Chicago had a slogan that was plastered all over town. You would see it in campaign ads, hear it on the radio, see it written in the newspaper and talked about in City Hall. Chicago was declared the “city that worked.” It was the model case, the shining example+ Read More
The post Chicago, The City That Works: Not So Much During Saturdays Hours appeared first on David M. Siegel.
BANKRUPTCY COURT ORDERS BERNADETTE GUZMAN BARBA TO CEASE PREPARING BANKRUPTCY DOCUMENTS UNTIL REINSTATED LEGAL DOX BY BERNADETTE, PHOENIX, AZ – 2:16-mp-00002-DPC
BANKRUPTCY COURT: IT IS ORDERED FINDING THERE HAS BEEN A VIOLATION UNDER 11 U. S. C. § 110(I)(1) IN CONNECTION WITH THE SERVICES BERNADETTE GUZMAN BARBA PROVIDED AND WAS TO PROVIDE TO MR. XXX AND AWARDING SANCTIONS IN THE AMOUNT OF $2,000.00 TO BE PAID IN MONTHLY INSTALLMENTS IN THE AMOUNT OF $500.00 OVER THE NEXT FOUR MONTHS. PAYMENTS ARE TO BE DELIVERED TO XXXX. IT IS FURTHER ORDERED DIRECTING MS. BARBA TO MAKE A COMPLETE DISGORGEMENT OF ALL FEES PAID BY THE OTHER DEBTORS AS EVIDENCED BY THE NOTICE OF RECIPIENTS DATED MARCH 29, 2016, AT DOCKET #5. THE PAYMENTS ARE TO BE MADE IN NO FEWER THAN THREE DEBTORS IN AGGREGATE AMOUNTS OF NO LESS THAN $550.00 PER MONTH WHICH PAYMENTS ARE TO COMMENCE AFTER MR. XXX HAS BEEN FULLY SATISFIED.
IT IS FURTHER ORDERED ENJOINING BERNADETTE GUZMAN BARBA FROM ENGAGING IN ANY FURTHER BANKRUPTCY DOCUMENT PREPARATION WORK UNTIL SUCH TIME AS THE BOARD OF LEGAL DOCUMENT PREPARERS APPROVES HER RECERTIFICATION APPLICATION. UPON THAT RECERTIFICATION, SHE IS DIRECTED TO FILE AN APPROPRIATE MOTION WITH THIS COURT REQUESTING THAT SHE BE ALLOWED TO AGAIN PREPARE BANKRUPTCY DOCUMENTS IN THE DISTRICT OF ARIZONA.
IT IS FURTHER ORDERED DIRECTING BERNADETTE GUZMAN BARBA TO PROVIDE NOT LESS THAN 20 HOURS OF COMMUNITY SERVICES PER MONTH FOR THE NEXT 12 MONTHS TO A CHARITY OF HER CHOICE NAMELY TO CHICANO POR LA CAUSA, DECOLORES DOMESTIC VIOLENCE CENTER AND/OR MUJARES DEL SOL OJARES STARTING JULY 1, 2106 (sic).
It is very important that everyone understand their legal rights. If you need guidance in how bankruptcy works please talk to a competent bankruptcy attorney. Unfortunately, Arizona allows non-lawyers to prepare paperwork which will affect you for the rest of your life (bad child support orders, faulty bankruptcy documents, etc).
The post Bernadette Guzman Barba Sanctioned by Bankruptcy Court appeared first on Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney.
Bankruptcy Attorneys Must Ask Personal Questions: Bankruptcy Is Personal Attorneys Ask Questions If you are someone who is considering bankruptcy, you may have already spoken to or met with a bankruptcy attorney about your situation. Whether you had an initial consultation over the telephone or whether you appeared in the attorney’s office, you will recall+ Read More
The post Bankruptcy Attorneys Must Ask Personal Questions: Bankruptcy Is Personal appeared first on David M. Siegel.
Bankruptcy Is More Difficult It’s a lot harder to file for bankruptcy now than it was prior to 2005. That was the year the federal government passed sweeping changes and reforms to the then existing bankruptcy laws. Since then, there are pre-requisites to filing as well as financial documentation that must be submitted contemporaneously with+ Read More
The post Bankruptcy Relief: A Little Pain For A Lot Of Gain appeared first on David M. Siegel.
Updated daily, this blog will keep you informed on the latest bankruptcy news! 
Learn more about how Bankruptcy works and what you need to know.