Do you need to save your house and your car, stop the IRS from garnishing your wages and bank accounts? Chapter 13 can protect you from these creditors while you set up scheduled repayments to get back on your feet. In this type of bankruptcy you have terms that are very favorable to you so that you can make your re-payments and complete your obligations under Chapter 13 bankruptcy.
Ted Machi can help you understand where you may qualify, either ...
Continue → ShareIf a loved has passes away with debt their debt dies with them. Unless members of the deceased family co-signed with the loan, they are usually not legally obligated to pay. This doesn’t stop debt collectors from harassing families to pay the debt. The number of debt collectors using this deplorable tactic has grown in recent years. They work on the behalf of financial giants such as; Bank of America, Capitol One, and others. Targeting families when they are at ...
Continue → ShareGas prices crossed the milestone $3 mark Thursday for the first time since Oct. 17, 2008, as the national average compiled by motorist group AAA reached $3.013 a gallon.
Prices have risen more than 4% from $2.872 a month ago and are nearly 16% higher than the $2.585 average a year ago, according to the AAA figures.
The cost of gasoline has been climbing steadily since bottoming out at $1.616 in December 2008. However, the average price is down $1.101 — ...
Continue → ShareThe Federal Trade Commission, the nation’s consumer protection agency, has tips to help consumers make smart online shopping decisions for the holidays:
Know who you’re dealing with:
Know what you’re buying:
A federal judge has halted an operation that allegedly tricked people into paying a $20 fee to collect a fake multi-million-dollar sweepstakes prize. This case is part of an FTC crackdown on scams that target financially strapped Americans. The FTC is seeking to make the defendants give up their ill-gotten gains.
Some of the mailers claimed that they were affiliated with a government agency, such as the “State of Illinois Commissioners of Regulation” and “OFFICE OF ...
Continue → ShareFederal Trade Commission has charged three debt relief operations with making unsubstantiated claims to lure consumers nationwide into paying thousands of dollars in up-front fees, but failing to reduce credit card debts as promised.
The FTC’s complaints charge that few consumers received the promised results. Many consumers canceled or dropped out of the programs because they couldn’t afford to pay the defendants’‘ sizable advance fees and accumulate money to pay off their debts.
Federal Trade Commission
If a borrower defaults on a mortgage, the lender may seek foreclosure on the property. In Texas foreclosures may be ordered by a court or without court involvement. Typically, a non-judicial foreclosure is conducted by auction “on the courthouse steps.” Defaults that lead to foreclosure may be monetary or technical, and specified notice and other requirements must be followed if the foreclosure is to be valid.
Non-judicial foreclosure auctions are conducted on the first Tuesday of each month between the hours ...
Continue → ShareIf there are grounds for alleging that loan documents, notices, or some impropriety in the sale, the borrower may file a “wrongful foreclosure” lawsuit.
If you are facing a potential foreclosure or have received an “Notice of Default and Intent to Accelerate,” you should act quickly. It is much easier to stop a foreclosure before it occurs than to get a remedy after the foreclosure is complete. If the property is sold to a third party there is little chance that ...
Continue → ShareThe Dallas Morning News is reporting another possible bankruptcy. The paper says Park Cities Chrysler-Jeep-Dodge has stopped selling new cars. Many Chrysler dealerships are facing similar circumstances in the current economy. The News reports Chrysler Financial is no longer financing dealer loans and is even calling in dealer loans. Since this means dealers must come up with millions, bankruptcy may be inevitable.
Dealers, employees, and their families face tough financial futures when local businesses fail. If their debts pile up, ...
Continue → ShareChapter 7 bankruptcy cancels most, if not all of your debts. This process takes several months and a courthouse visit. You will also be required to complete credit counseling and debtor education. You may not be able to use Chapter 7 bankruptcy if you have received a bankruptcy discharge in the past or your income to debt ratio would allow you to file Chapter 13 bankruptcy. A Chapter 7 filing will immediately stop most creditors from trying to collect on ...
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