CFPB Estimates $88 Billion in Medical Bills on Credit ReportsPrepared Remarks of Director Rohit Chopra on New CFPB Medical Debt Report
By Rohit Chopra – MAR 01, 2022 (reprint)

“We are grateful for all the kindness and respect they showed us in handling our case to completion. ” T.D. and R.I.

Bustle reports that actor Andrew Garfield claims bankruptcy was one of the best things that has ever happened to his family.
His roles in The Social Network and The Amazing Spiderman brought Garfield fame and success, but his family had not always been so financially fortunate. Garfield looks back on those finacial struggles and views them in a somewhat positive light because he and his family were fortunate enough to learn important life lessons came from those struggles.

 CBS News (link below) has an article about impact of Omicron virus on restaurants. https://www.cbsnews.com/amp/news/restaurants-closing-2022-without-aid-re...At Shenwick & Associates we have been working with many restaurants whose business has been impacted by Omicron and the guarantors of those leases. Jim Shenwick 212 541 6224 [email protected]

 Harold Israel, Esq.  at Levenfeld Pearlstein, LLC is reporting that the Sub V Bankruptcy Debt limits, which had been temporarily increased to $7,500,000.00, are posed to be made permanent.
The article can be found at https://lnkd.in/dYQBsFEy

A detailed article about Subchapter V bankruptcy can be found at our blog at:

 https://patch.com/new-york/new-york-city/hundreds-taxi-medallions-repossessed-despite-rescue-deal-ended-hunger-0

 https://www.forbes.com/advisor/debt-relief/types-of-bankruptcies/

WHAT HAPPENS AT THE END OF A COVID-19 FORECLOSURE FORBEARANCE?Can servicers demand a large balance?
Generally, the servicers should not be demanding full payment following a COVID forbearance. There are a number of loss mitigation options for people coming out of a COVID forbearance. In order to know which may apply one needs to know who owns the loan (who is the investor). Is it a GSE, FHA or private label loan?

 Interesting article in newsy.com (URL below) about how the Biden Administration is addressing student loan debt. https://www.newsy.com/stories/president-biden-s-policy-on-student-loan-d...

“Diane was patient, thorough, sympathetic, quick with responses and obviously knew what she was doing. ” D.S.