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

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Seniors Saddled With Student Loans

Submitted by Anonymous (not verified) on Sun, 03/01/2020 - 20:23

Seniors are the Fastest Growing Group with Student Loan Debts.
Older student loan borrowers quadrupled since 2005

Beware Student Loan Debt Relief Scams

Submitted by Anonymous (not verified) on Thu, 01/30/2020 - 03:17

Student Loan Debt “Relief” Companies Sued for Fraud and Violation of Federal Laws
CFPB FILED LAWSUIT AGAINST CHOU TEAM REALTY, LLC, MONSTER LOANS, DOCUPREP CENTER, DOCS DONE RIGHT, AND SEVERAL MORE ENTITIES.  ALSO, BILAI ABDELFATTAH, BILL ABDEL, THOMAS CHOU, SEAN COWELL, ROBERT HOOSE, EDUARDO MARTINEZ, JAWAD NESHEIWAT, FRANK ANTHONY SEBREROS and DAVID SKLAR

IRS Guidance for Discharged Student Loans Due to Settlements

Submitted by Anonymous (not verified) on Tue, 01/21/2020 - 01:30

IRS and Treasury issue guidance for students with discharged student loans and their creditors
IRS Ruling for certain discharged debts
IR-2020-11, January 15, 2020

Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala

Submitted by Anonymous (not verified) on Sun, 12/29/2019 - 21:51

Student Loans & Bankruptcy – Interview with Diane Drain and Bobby Zavala

Debtors Abused by the Bankruptcy System

Submitted by Anonymous (not verified) on Sat, 12/28/2019 - 03:23

Broken Promises: Bankruptcy is advertised as the solution to financial problems.
Bad, lazy or greedy attorneys fail to warn clients about the problems they could face in bankruptcy.

Supreme Court – Statute of Limitations under FDCPA

Submitted by Anonymous (not verified) on Thu, 12/12/2019 - 03:03

Supreme Court Might Allow FDCPA Suits More than a Year After Claim Arises
Holding: Statute of limitations begins to run when the alleged FDCPA violation occurs, not when the violation is discovered.

OCWEN/US Bank fined $3 million for reprehensible conduct for attempted wrongful foreclosure

Submitted by Anonymous (not verified) on Fri, 12/06/2019 - 20:16

OCWEN/US Bank Jury Awards Homeowner Damages of $3.5 Million
Jury punishes OCWEN/U.S. Bank National for atrocious record-keeping (this is not the first time OCWEN has been exposed for intentional malice)

Mortgage Law Group to pay $59 million-scammed consumers

Submitted by Anonymous (not verified) on Mon, 12/02/2019 - 03:09

Mortgage Law Group and Consumer First Legal Group to pay $59 Million for Scamming Consumers
$59 million dollar judgment for deliberately scheming to evade the law and cause harm to their clients

5 Signs an Online Loan is a Debt Trap

Submitted by Anonymous (not verified) on Sun, 12/01/2019 - 21:27

5 Signs an Online Loan is a Debt Trap
Lenders use abusive or unfair practices to trap low income into a never-ending cycle of debt.  Learn to spot the scams:

Deceiving Student Loan Borrowers: Premier Management & Financial Preparation Services

Submitted by Anonymous (not verified) on Sun, 12/01/2019 - 00:58

Premier Student Loan Center, SL Account Management, Financial Preparation Services accused of deceiving federal-student-loan borrowers
CFPB GOES AFTER STUDENT LOAN DEBT RELIEF COMPANIES FOR DECEPTIVE PRACTICES

Who is the Consumer Financial Protection Bureau (CFPB) suing?

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