This is a story about how Bank of America violated the bankruptcy discharge, hacking off Gus and Nikoleta, and me.  (I’ve changed the names of Gus and Nikoleta–all the rest of this is true.)  And then hit Gus and Nikki for a “foreclosure fee” while they were current.  And then did it again. Gus and Nikoleta came [...]The post After Bankruptcy: Bank of America Can’t Stop Themselves appeared first on Robert Weed.

He knew he wasn’t going to be able to wipe out his student loans in bankruptcy, so he had a better idea. Or did he?
Most people with student loan debt know they can’t wipe out their student loan debts in bankruptcy without jumping through hoops like a circus animal.

Chapter 13 bankruptcy trustees in California and elsewhere frequently object to debtors’ Chapter 13 plans in which the de

Bankruptcy can help taxpayers deal with tax debt either by eliminating qualifying debt or creating an affordable monthly payment to put toward what you owe.  Each bankruptcy chapter has regulations and requirements for handling tax obligations.  In some cases you can get them discharged, if they don’t qualify for elimination, having them included in a [...]

Recently, the Missouri State House of Representatives passed a bill that would supersede the ordinances requiring mediation before a lender forecloses on a home in St. Louis or St. Louis County. The bill is now being sent to the Senate and would likely prevent the city and county from enforcing their ordinances.   The ordinances [...]

  Bringing you the most up-to-date news, tips and blogs throughout the web. Here’s your Bankruptcy Update for April 16, 2013 Energy Future Holdings Offers Bankruptcy Plan AMR Submits Formal Plan to Exit Bankruptcy Former TXU Plays for Time To Pursue Bankruptcy Deal

Many business owners are confused on whether a personal bankruptcy filing has the ability to wipe out business-related debt.  In many cases, this is possible depending on the type of debt and whether you are indeed personally liable for the debt.  The way your business is structured may also affect your ability to obtain a [...]

Thinking of cosigning a loan? What could possibly go wrong?
When you cosign for someone else, you are considered to be equally responsible for repayment. If the other person doesn’t pay then you’re going to need to do so.

Robert “Jeff” Johnson, 46, was recently sentenced to 15 months in prison for fraud, along with being ordered by a federal judge to pay $1.6 million to the Internal Revenue Service (IRS) and a bank he defrauded.  Johnson was indicted on 12 counts in 2010 that included theft, larceny, obstruction of correspondence, falsification of records, [...]