JP Morgan Chase Lies in 50,000 Bankruptcy Cases JP Morgan Chase today admitted they lied in 50,000 bankruptcy cases. Chase filed sworn statements in 50,000 bankruptcy cases, signed by people who had no idea what they were signing.  Some were “signed” by people who no longer worked at Chase. Here’s the Justice Department announcement.

Filing Bankruptcy Can be Good for Your Credit Score Last week, The Federal Reserve Bank of New York published a study of people who did, and didn’t, file bankruptcy. The results didn’t surprise me, but they might startle you.

The Repo List It seems like in these tough economic times, there are more and more people driving around town worried about the repo man. After all, you don’t have to fall very far behind in your car payment to have the creditor calling you day and night about your payment. From there it’s only+ Read More

Did you recently abandon or move out of a property going through foreclosure in Walworth County? Are you a financial institution left with an abandoned property going through a Walworth County foreclosure? A recent Wisconsin Supreme Court decision could have interesting ramifications for both banks and homeowners. The decision states that mortgage lenders must sell foreclosed and abandoned property within a reasonable time after obtaining a foreclosure judgment. The “reasonable time” period will depend on the circumstances surrounding the foreclosure.
 

Oregon student loan debtors breathed a sigh of relief this week when the Department of Education announced that it was finally firing five debt collection agencies that had been giving inaccurate information to student borrowers. I say finally firing these agencies because the department had been under fire for years for its partnership with these agencies and its insistence on paying them roughly a billion a year to harass student loan borrowers.

United States District Court, District of Arizona
PLEA AGREEMENT BY RICHARD S. BERRY, WHY PAY A LAWYER
Case 2:14-cr-00322-SRB Document 47 Filed 01/27/15
BANKRUPTCY FRAUD
USA v Richard Sylvester Berry                 CR14-0322-PHX-SRB (SPL) 03/05/2014

Excerpt from Plea Agreement:
9. From April, 2010 through March, 2014, in the District of Arizona:
1. The defendant devised a scheme or plan to defraud

Trustee’s Meeting With Debtor Once your bankruptcy case is filed, the clerk of the United States Bankruptcy Court will send a notice of your upcoming 341 meeting of creditors. The notice will be sent to all creditors, the debtor and the debtor’s attorney. This meeting of creditors is an opportunity for the panel trustee to+ Read More

Powerful Collection Tool A very powerful collection tool is for a creditor to freeze a debtor’s bank account. Most large creditor law firms and other collection lawyers have the ability to find out where you work and where you bank. Once a creditor has obtained a judgment and has knowledge as to where you bank,+ Read More

Credit Score Concerns Everybody is concerned with their credit score these days. Everybody wants to rebound as quickly as possible after a bankruptcy case. A better credit score will indicate that you are a better risk for future credit opportunities. The interest rate that you can garner will be better if your score is better+ Read More