Articles from Robert Weed

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Debt Settlement or Chapter 13 Bankruptcy Which is Better?

Submitted by Anonymous (not verified) on Mon, 12/13/2021 - 16:18

Debt Settlement or Chapter 13 Bankruptcy: Which is Better? My friend Roberta knew she was in financial trouble, but she wanted to try pay her debts. Rather than file Chapter 13 bankruptcy, she signed up for a debt settlement company, who promised her a “customized reduction plan.”  Over 18 months she paid $23,673.00.  And the […]

Sports Gambling Comes to Virginia

Submitted by Anonymous (not verified) on Thu, 11/11/2021 - 22:27

Sports Gambling Comes to Virginia Like most people, I’ve noticed that ads for sports gambling have taken over the TV (at least on basketball and college football, which is about all the TV I watch.) Sports gambling was legalized in Virginia April last year and began in January 2021. Now in October and November, I’ve […]

Getting Your Mortgage Statements After Bankruptcy

Submitted by Anonymous (not verified) on Thu, 08/19/2021 - 02:18

Are you getting your mortgage statements after filing bankruptcy? Some mortgage companies use bankruptcy as an excuse to stop sending mortgage statements. (Or they send them to your lawyer, not to you.) The law is completely clear. The law says to keep sending them to you.  That law is Regulation Z. The Consumer Finance Protection […]

After Bankruptcy: Please Don’t Go Out and Co-Sign for a Car

Submitted by Anonymous (not verified) on Sun, 08/15/2021 - 22:35

After Bankruptcy: Please Don’t Go Right Out and Don’t Co-Sign for a Car Got an email last week that made me sad.  Cherry filed Chapter 7 bankruptcy back in 2017.  She recently went to buy a car and ended up getting financed by Santander at 21%. After she did that, she asked why is her […]

A Million Dollar Mistake: Personal Injury and Bankruptcy

Submitted by Anonymous (not verified) on Sun, 08/08/2021 - 23:03

A Million Dollar Mistake: Personal Injury and Bankruptcy Under Virginia law, the bankruptcy court cannot take away a personal injury claim.  Injured in a car accident? Hurt in the hospital? Anyone in Virginia can file bankruptcy and still keep those claims. Steven Ramsdell, one of the top bankruptcy lawyers here, is desperately trying to save […]

The Wells Fargo Home Projects Card and Chapter 13

Submitted by Anonymous (not verified) on Sat, 07/31/2021 - 17:39

The Wells Fargo Home Projects Card and Chapter 13 Bankruptcy The Wells Fargo Home Projects Card is issued differently than most credit cards. As far as I can tell, they don’t market it directly to consumers. Instead, they get home improvement businesses to sign people up. That way Wells Fargo finances the home improvement and […]

Supreme Court Says Being Listed as a Terrorist is ‘No harm.’

Submitted by Anonymous (not verified) on Sun, 06/27/2021 - 23:43

Supreme Court Says Being Listed as a Terrorist is ‘No harm.’ Last Friday, in a case called TransUnion v Ramirez, the Supreme Court said the Fair Credit Reporting Act cannot give you the right to sue TransUnion for putting your name on their OFAC terrorist warning list. Led by Justice Brent Kavanaugh, a 5 to […]

Does Reaffirming Your Car Loan Help Your Credit Score?

Submitted by Anonymous (not verified) on Mon, 06/07/2021 - 02:25

“Does Reaffirming My Car Loan Help My Credit Score?” Ray and Theresa, who filed bankruptcy with me last fall, asked me that last week. Lots of people ask that same question after they look at their after-bankruptcy credit report and see that their car payments don’t show.  Then, they are told by their car finance […]

After Bankruptcy, are you getting your mortgage statements?

Submitted by Anonymous (not verified) on Sat, 05/15/2021 - 20:19

After Bankruptcy, are you getting your mortgage statements? After you file bankruptcy, you are still supposed to keep getting your mortgage statements.  But, are you? This question came up at the 29th Annual Meeting of the National Association of Consumer Bankruptcy Attorneys.  (I’m at that meeting this week, which was supposed to be in Orlando, […]

For most people bankruptcy works. For most people, debt settlement doesn’t.

Submitted by Anonymous (not verified) on Sun, 05/09/2021 - 20:34

For most people, bankruptcy works. For most people “debt settlement” doesn’t work. One reason.  The debt settlement people charge enormous fees–FDR and NDR charge at least $6,000 to “settle” $40,000 in credit cards (and you still have to pay the settlement). Plus, they usually don’t work . See this email I got this email today […]

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