Sixth Circuit Rules that Monthly 401(k) Contributions can be Excluded from “Projected Disposable Income” Under a Chapter 13 Plan

Saving for RetirementA Chapter 13 bankruptcy plan requires a debtor to satisfy unsecured debts by paying all “projected disposable income” to unsecured creditors over a five-year period. In a recent case before the U.S.

How Bankruptcy Works

The bankruptcy process involves a set of federal laws designed to help individual and business debtors who cannot pay what they owe. All 94 federal judicial districts handle bankruptcies. Bankruptcy filings are done with the bankruptcy court in almost all of them. Federal bankruptcy courts have jurisdiction over bankruptcy cases, so they cannot be filed with a state court.

Supreme Court Decision – Consumer Financial Protection Bureau

Consumer Financial Protection Bureau – pros and cons of Supreme Court decision
The question – can a President remove the Director of Consumer Financial Protection Bureau (CFPB) ‘just because’?

Get Your Money Out of Wells Fargo

If you are filing bankruptcy, Get Your Money Out of Wells Fargo. People filing bankruptcy get kicked when they are down, if they bank  at Wells Fargo. Wells Fargo sees your bankruptcy on your credit report and they freeze your checking and savings account.  At least they do if you have more than five thousand […]

Get Your Money Out of Wells Fargo

If you are filing bankruptcy, Get Your Money Out of Wells Fargo. People filing bankruptcy get kicked when they are down, if they bank  at Wells Fargo. Wells Fargo sees your bankruptcy on your credit report and they freeze your checking and savings account.  At least they do if you have more than five thousand […]

The federal government extended the Paycheck Protection Program after $130 billion out of $660 billion went uncollected. Here's what new applicants need to know.

July 5, 2020
Yahoo News

  • The application deadline for the Paycheck Protection Program was extended on Saturday after President Donald Trump signed the extension bill that Congress passed into law.
  • Potential applicants now have until August 8 to request federal relief funds under the program intended to help businesses affected by the coronavirus pandemic.

With pandemic, NYC taxi drivers' livelihoods hang in the balance CBS News July 5, 2020

We may tell our children in years to come that there was a time, especially if it was during rush hour on a rainy day, when you couldn't get a cab in New York City for love or money.  These days, the streets are mostly empty. It's estimated that 90% of the taxi business has dried up.

That's part of the reason why the city, with help from the National Guard, started a program that pays cab drivers to deliver food to low-income housebound residents.

Don’t Be a Victim – Learn Your Rights.

Broken Promises: Teachers Sue U.S. Over Student Loans That Weren’t Forgiven
Law suit against Department of Education – loan forgiveness program for millions of public service workers is in such a shambles that it violates federal law and the Constitution.

Resources for Consumers – COVID-19

SCAMS ABOUND – NEVER BELIEVE WHAT SOMEONE TELLS YOU, UNLESS YOU CHECK IT OUT. Here are some Arizona resources to help you find accurate information.

With every crisis comes thousands of scams trying to steal your money or your rights.  Do your homework before believing anyone, including friends or family (they may have also been scammed and not know it yet).

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