I Just Got Sued by a Creditor . . . What Do I Do Now?
Getting a lawsuit filed against you by a creditor starts a very fast-ticking alarm clock. Don't hit the snooze button on this one...
How Quickly Will Bankruptcy Stop My Wage Garnishment?
Wage garnishments are stopped instantaneously . . . except that different state laws and procedures can effect what happens to the current paycheck...
The Bankruptcy Consequences of the National Mortgage Settlement
The bankruptcy world played a quiet but significant role in bringing about this controversial $26 billion settlement. So, fittingly, the settlement terms require the banks to make significant changes in their behavior in bankruptcy court...
National Mortgage Settlement to Hand Out Cash to Foreclosed-Out Homeowners
Most of the $26 billion or so in this national settlement is designed to help current homeowners keep their homes. But $1.5 billion of it will go to about 750,000 who have already lost their homes to foreclosure. That’s about $2,000 each...
The National Mortgage Settlement’s Actual Terms Finally Released
The settlement documents of the deal that was announced more than a month ago were finally completed and filed at court on Monday, March 12. They catalog page after page of serious wrongdoing by the banks in their servicing of mortgages and processing of foreclosures...
The Terms of the Month-Old $26 Billion National Mortgage Settlement Are, Still, . . . “Coming Soon”
The settlement anounced on Feb. 9 has been publicly released so far only in a broad outline of its terms. Any day now the actual agreement will be finalized and filed at court. In the meantime here are some tantalizing tidbits...
