University of Phoenix to Pay $50 M and Stop Collection on $141 M in Student Loans

The University of Phoenix, Inc. accused of fraud, to pay $50 million and stop collection on $141 million in loans.

COVID-19 FORBEARANCE IN ARIZONA CHAPTER 13 BANKRUPTCIES

COVID-19 FORBEARANCE IN ARIZONA CHAPTER 13 BANKRUPTCIES
The following is a guest post – by Gary R. Stickell, a great Arizona bankruptcy attorney and my friend and mentor for more than 20 years.
COVID-19 and CHAPTER 13 BANKRUPTCIES

Do I have to pay back my $1,200 stimulus check?

Don’t fall for these five myths about the stimulus payments
 Published: April 21, 2020From: MarketWatchBy: Andrew Keshner
https://www.marketwatch.com/story/do-i-have-to-pay-back-my-1200-stimulus-check-dont-fall-for-these-five-myths-about-the-stimulus-payments-2020-04-18

Could the COVID-19 Pandemic Lead to the End of Medical Bankruptcy?

In the middle of an election year where healthcare is already a hotly debated issue, the COVID-19 pandemic has stirred further discussion about whether major changes are necessary. During the Democratic presidential primary, the concept of Medicare for All split the candidates. While the candidate who promoted that concept has since dropped out of the Read More

Can Debt Collectors Steal Your Stimulus Check?

The CARES Act neglected to protect people from creditors, but some lawmakers are working to correct that.

April 16, 2020
From: The Motley Fool
By: Dan Caplinger

The coronavirus crisis is causing severe financial pain across the U.S., where tens of millions of people have lost their jobs and filed for unemployment benefits in just the past month. For those who have lost income, a federal stimulus check could be vital to their financial well-being right now.

If I File Bankruptcy Will I Lose My COVID-19 Stimulus Money?

If I File Bankruptcy Will I Lose My COVID-19 Stimulus/Rebate Money?
When someone files for bankruptcy they can keep certain things that are “exempt”.

Can My Creditors or Bank Take My Stimulus Money?

Can my Bank, Creditor or Collection Company Take My Stimulus Money – COVID-19?
March 27, 2020 a new law (CARES Act) was passed which gave funds to everyone in order to pay basic necessities (such as food, rent, gas).  Congress forgot to protect those funds from your creditors or your bank.

What Really Happens When You File for Bankruptcy

April 17, 2020
From: twocents.lifehacker.com
By: Kristin Wong and Lisa Rowan

Federal Bankruptcy Exemptions in Oregon

When financial problems become severe, declaring bankruptcy is the common solution. People in debt may overcome their financial distress by taking advantage of bankruptcy protection. Not only do bankruptcies offer debt relief, but they also lead to a fresh start.
If you want to declare bankruptcy, there are some necessary steps you need to take before you get to a bankruptcy discharge. The bankruptcy process presents variations depending on the details of a case.

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