Articles from Diane L. Drain - Phoenix Bankruptcy & Foreclosure Attorney

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Busting myths about bankruptcy and private student loans

Submitted by Anonymous (not verified) on Tue, 04/19/2022 - 02:10

Education Loans Can Be Discharged in Bankruptcy
Busting myths about bankruptcy and private student loans
By Robert G. Cameron – APR 12, 2022 (Reprint from Consumer Financial Protection Bureau “www.CFPB.gov”. The following is an excerpt from Mr. Cameron’s article.)

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ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IN BANKRUPTCY. SHOULD THE LAW CHANGE?

Submitted by Anonymous (not verified) on Sat, 04/16/2022 - 21:47

ARIZONA IS ONE OF 2 STATES THAT WILL TAKE YOUR TAX REFUND IF THIS HAPPENS. SHOULD THE LAW CHANGE?

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$88 Billion in Medical Bills on Credit Reports

Submitted by Anonymous (not verified) on Tue, 03/08/2022 - 03:25

CFPB Estimates $88 Billion in Medical Bills on Credit Reports Prepared Remarks of Director Rohit Chopra on New CFPB Medical Debt Report
By Rohit Chopra – MAR 01, 2022 (reprint)

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We are grateful for all the kindness and respect they showed us.

Submitted by Anonymous (not verified) on Tue, 03/08/2022 - 02:38

“We are grateful for all the kindness and respect they showed us in handling our case to completion. ” T.D. and R.I.

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What Happens at the End of a COVID Mortgage Forbearance?

Submitted by Anonymous (not verified) on Wed, 02/23/2022 - 21:12

WHAT HAPPENS AT THE END OF A COVID-19 FORECLOSURE FORBEARANCE?Can servicers demand a large balance?
Generally, the servicers should not be demanding full payment following a COVID forbearance. There are a number of loss mitigation options for people coming out of a COVID forbearance. In order to know which may apply one needs to know who owns the loan (who is the investor). Is it a GSE, FHA or private label loan?