Burr Forman

AUGUST 19, 2021

David Houston IV – Nashville, Litigation and Bankruptcy. Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Christopher Carson – Commercial Litigation, Litigation – Bankruptcy, Mass Tort Litigation / Class Actions – Defendants. Rion Foley – Charleston, Public Finance Law.

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Lawyers Construction Acquisition Bankruptcy 105

Collection Industry News

APRIL 4, 2022

Joe Biden has been betraying his campaign promise to allow borrowers to discharge their student debts through bankruptcy. In a new letter, 27 Democratic senators are demanding the administration stop trying to overturn court rulings that help student debtors. Instead, the administration has fought debtors in bankruptcy court.“Over

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Student loans Student Loans Debtor Bankruptcy 40

PDC Flow

FEBRUARY 27, 2025

Call baiting is when the debtor attempts to trick you into breaking a law. But more specifically, there are a few different reasons a debtor may engage in call baiting. The aim of such a settlement would be to cause the agency to agree to remove items from the debtors credit report. But what are they baiting the agent to do?

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Collections Debt collector Debtor Fair Debt Collection 52

Sawin & Shea

JULY 27, 2022

Debtors who run their credit card balances up before they file for bankruptcy could suffer consequences. Primarily, it could result in your debt becoming ineligible for discharge, which is often the whole point of filing for bankruptcy. Understanding Credit Card Debt and Bankruptcy.

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Troutman Sanders

SEPTEMBER 4, 2020

On August 31, 2020, the Tenth Circuit affirmed the United States Bankruptcy Court for the District of Colorado’s holding that certain student loans not guaranteed by a governmental unit may be discharged in bankruptcy. Thus, an educational benefit is different than a loan.

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Student loans Student Loans Loans Education 78

Sawin & Shea

MARCH 14, 2023

Indiana allows debtors to exempt assets when filing for bankruptcy up to a certain monetary amount, and that amount recently increased. In this blog, we’ll share the details regarding this exemption increase, the different exemption categories, and how these exemptions impact Chapter 7 and Chapter 13 bankruptcy.

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Roths Child Law

APRIL 10, 2023

Fortunately, personal bankruptcy can help get a fresh start by either discharging or restructuring your debts. bankruptcy laws, however, is to help individuals acquire better money management skills. State Department of Justice before kick-starting the bankruptcy process. One of the goals of the U.S.

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Sawin & Shea

AUGUST 24, 2020

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. Should I File for Bankruptcy? If you are deciding whether or not to file for bankruptcy, there are a lot of conditions to consider. What Do the Various Kinds of Bankruptcy Entail?

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Sawin & Shea

JULY 13, 2022

The majority of people in Indiana who have thought about declaring bankruptcy likely already know how challenging it is to get student loans erased. Although it is not impossible, debtors normally need to pass the Brunner test, which establishes that repaying the student loans will put them in an unreasonably difficult position.

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Student loans Student Loans Bankruptcy Chapter 7 bankruptcy 52

Public Citizen

JULY 20, 2021

As you may know, most student loans are notoriously difficult to discharge in bankruptcy. In that decision , the Second Circuit has joined the Fifth and Tenth Circuits and held that private student loans are dischargeable in bankruptcy. The exceptions to discharge for certain student educational benefits contained in 11 U.S.C. §

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Debt Free Colorado

MARCH 10, 2023

Learn about the Five Bankruptcy Myths in Littleton, Colorado Due to worries stoked by myths and misconceptions about bankruptcy, many people choose not to obtain debt relief. Truth be told, declaring bankruptcy may be one of the best decisions you’ve ever made for your present, future, and family.

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Roths Child Law

NOVEMBER 23, 2022

One option that will help them is to file for bankruptcy. For some, the fear of how they’ll rebuild their credit makes them think twice about bankruptcy. As part of the bankruptcy process, you have to take credit counseling and debtor education. You can’t obtain new lines of credit while the bankruptcy is open.

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ABI

JANUARY 12, 2022

American Bankruptcy Institution Law Review Staff. . In general, a student loan may not be discharged under title 11 of the United States Code (the “Bankruptcy Code”) unless the debtor demonstrates “undue hardship.” [1] 4] Ultimately, the debtor accumulated $653,843.22 4] Ultimately, the debtor accumulated $653,843.22

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PBWT

AUGUST 18, 2020

Yet, as has been widely reported, debtors in chapter 11 cases are not allowed to receive PPP loans. [1] If enacted, bankruptcy judges could permit debtors to obtain PPP loans. These loans would be granted superpriority status, receiving the highest priority as administrative expense claims against a debtor's estate.

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Loans Debtor Bankruptcy Education 62

BN Lawyers

JUNE 12, 2019

Bankruptcy Court for the Northern District of Texas in the case of In re: Essential Financial Education, Inc. held that an involuntary bankruptcy petition filed under 11 U.S.C. The Essential Financial Education, Inc. Ultimately, Essential Financial Education, Inc. Involuntary Bankruptcy Petition requirements .

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Ks Law

AUGUST 30, 2016

I attend a lot of seminars and educational programs dealing with bankruptcy and related issues. The attorney who made that broad statement about not incurring debts was likely referring to a change in bankruptcy law which took place in 2005. The Court noted that under the bankruptcy code, attorneys are “debt relief agencies”.

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Debt Free Colorado

DECEMBER 7, 2016

Chapter 7 bankruptcy may seem intimidating, but as you can tell from the following infographic, the steps that go into successfully completing your case are pretty straightforward. For those of you who may not be able to view the image, the text follows: Chapter 7 Bankruptcy Timeline. 13 bankruptcy. 13 bankruptcy.

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ABI

JANUARY 13, 2022

American Bankruptcy Institute Law Review Staff. . Section 523 of Title 11 of the United States Code (the “Bankruptcy Code”) generally provides that a student loan cannot be discharged unless it would impose “undue hardship” on the debtor. [1] Kimberly Lee. John’s University School of Law. 16] . . [1] 523(a)(8). [2]

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Troutman Sanders

MARCH 16, 2023

On March 16, the Consumer Financial Protection Bureau (CFPB) released a compliance bulletin entitled Unfair Billing and Collection Practices After Bankruptcy Discharges of Certain Student Loan Debts. The compliance bulletin focused on the treatment of certain private student loans following a bankruptcy discharge.

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PBWT

JULY 1, 2021

The same day, United States Bankruptcy Judge Michelle M. Judge Harner explained that “[a]lthough the Bankruptcy Code[] reflects Congressional intent to provide debtors with as broad of a discharge as possible, Congress has expressly excepted [student loan] debt from the bankruptcy discharge.” Higher Educ.

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ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . . Generally, student loan debt will not be discharged in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of “undue hardship on the debtor and debtor’s dependents.” United States Dep’t of Educ. ,

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Collection Industry News

APRIL 11, 2022

Student loan companies will face consequences if they mislead borrowers and collect on private debt that has been discharged by a bankruptcy court , according to a letter sent by the country’s top consumer watchdog to Senator Dick Durbin (D-IL) that was obtained by Yahoo Finance. “I Source- site.

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Collection Industry News

DECEMBER 21, 2020

proposed sweeping legislation that would overhaul consumer bankruptcy law. The proposed changes generally make it easier for consumers to access the bankruptcy system and discharge their debts. Below is a discussion of 10 critical changes proposed in the Consumer Bankruptcy Reform Act of 2020 (CBRA). and Jerrold Nadler (D-N.Y.),

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Bankruptcy Chapter 7 bankruptcy Student loans Student Loans 40

Collection Industry News

AUGUST 6, 2024

LL Flooring, formerly known as Lumber Liquidators, has filed for bankruptcy and will close 94 of its stores across the United States. It has secured $130 million in debtor-in-possession capital to sustain operations and pay vendors. A list of closures is available on its website.

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Sawin & Shea

APRIL 10, 2024

Chapter 7 bankruptcy is a great financial solution for those struggling with debt, especially unsecured debts. With Chapter 7 bankruptcy, you as the debtor can discharge most unsecured obligations after liquidating nonexempt assets. For experienced bankruptcy lawyers in Indiana, contact Sawin & Shea, LLC.

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BN Lawyers

AUGUST 17, 2023

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) added new responsibilities for consumer debtors. These include pre-petition credit counseling, satisfying a means test for above-median debtors, and post-petition financial education. appeared first on Barron & Newburger, P.C.

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ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . In general, student loan debt is not dischargeable in a case under title 11 of the United States Code (the “Bankruptcy Code”) unless there is a showing of undue hardship. Dep’t of Educ. ( Joe Pizzingrillo. John’s University School of Law. xvii] . [i] i] Nitka v.

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Student Loans Student loans Loans Bankruptcy 40

Sawin & Shea

JANUARY 25, 2022

Dealing with debt can be scary and overwhelming, especially if you don’t know what will happen if you miss too many payments and default or have to file bankruptcy. While bankruptcy itself can also be scary, it is often the best option if you have too much debt to get a handle on your financial situation.

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ABI

JANUARY 12, 2022

American Bankruptcy Institute Law Review Staff. . In In re Roman Catholic Church of Archdiocese of Santa Fe , the United States Bankruptcy Court for the District of New Mexico, held, in a matter of first impression, that bankruptcy courts have authority to confer derivative standing on creditors or committees to assert claims. [1]

Debtor 40

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Burr Forman

AUGUST 20, 2020

Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Michael Hall – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Bet-the-Company Litigation, Litigation – Bankruptcy. Frannie Heizer – Education Law, Government Relations Practice.

Lawyers 40

Lawyers Construction Acquisition Bankruptcy 40

Burr Forman

AUGUST 20, 2020

Erich Durlacher – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law. Michael Hall – Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Bet-the-Company Litigation, Litigation – Bankruptcy. Frannie Heizer – Education Law, Government Relations Practice.

Lawyers 40

Lawyers Construction Acquisition Bankruptcy 40

UK debt collections

NOVEMBER 18, 2022

Income from non-domestic rates – taxes paid on non-domestic properties, like shops, offices, pubs and factories – pays for vital council services such as social care, waste management and education. To levy distress means the seizure and sale of goods from a debtor , with the money from any sale being used to offset against the debt.

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Debtor Education Bankruptcy Collections 52

Sawin & Shea

MARCH 27, 2024

Filing for bankruptcy can feel incredibly daunting, especially if you have concerns over whether it may impact your future job prospects. The sad reality is that many people hold misconceptions regarding bankruptcy filers. They believe those declaring bankruptcy are irresponsible or bad with money. What Is Chapter 7 Bankruptcy?

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Turbo Recovery

JUNE 6, 2018

Picture this: an account becomes overdue and your in-house attorney files suit against the debtor. When our internal team of experienced and educated collectors review and skip trace accounts, they look for common assets. What do we really know about the debtor? Have they filed bankruptcy? What’s next?”

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Turbo Recovery

JUNE 6, 2018

Picture this: an account becomes overdue and your in-house attorney files suit against the debtor. When our internal team of experienced and educated collectors review and skip trace accounts, they look for common assets. What do we really know about the debtor? Have they filed bankruptcy? What’s next?”.

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The Kaplan Group

OCTOBER 19, 2020

Instead, I suggest you do what you can to educate yourself about your options. You can learn more about FDCPA in our advice to consumer debtors. The United States Trustee Program also keeps a list of credit counseling agencies approved to provide pre-bankruptcy counseling. FDCPA ( Fair Debt Collection Practices Act).

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Taurus Collect

MARCH 5, 2024

Persistent Contact: Debt collectors may contact debtors through phone calls, emails, letters, or even personal visits. Consider a Payment Plan: Many debt collectors are open to negotiating payment plans that are manageable for the debtor. Over time, these can accumulate, significantly increasing the total amount owed.

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