Mich Bankruptcy Blog

FEBRUARY 20, 2018

The United States Bankruptcy Court for the Western District of Michigan recently issued an opinion in a case that involved mutual claims between the debtor and a creditor, and lifted the automatic stay to allow a creditor to exercise “setoff” rights provided by state law to recover its debt. 1 Read More › Tags: Chapter 13.

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Debtor Bankruptcy Credit Unions Credit Unions 40

PBWT

NOVEMBER 15, 2020

The Bankruptcy Code enables a trustee to set aside certain transfers made by debtors before bankruptcy. ” The court held that Merrill Lynch was not a “trustee, receiver, or agent,” and was neither enforcing a lien nor acting for the benefit of the debtor’s creditors. See 11 U.S.C. §§

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Bankruptcy Financial Institution Debtor Judgment 104

Nexa Collect

NOVEMBER 26, 2022

The GLB Privacy Rule only applies to nonpublic personal information (NPI), including (Debtor) Name, Address, Income, Social Security number. Credit union. Transaction information such as account numbers, payment history, loan balances and information from court records or consumer reports. Providing financial advising.

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Collection Agencies Collections Agency Financial Institution Collections 130

Troutman Sanders

DECEMBER 28, 2023

Sections 521-523 of DIDMCA empower state banks, insured state and federal savings associations, and state credit unions to charge the interest allowed by the state where they are located, regardless of where the borrower is located and regardless of conflicting state law (i.e., export” their home state’s interest-rate authority).

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Lender Banks Credit Unions Credit Unions 64

Collections Law

APRIL 5, 2022

This means we examine the debtor’s financial assets and ask the court to secure them for collection before we receive the court’s judgment in your favor. Nearly any commercial enterprise can benefit from professional collection assistance. What does a collection attorney do? At Law Offices of Alan M.

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Collections Credit Unions Credit Unions Judgment 52

FFGN COLLECT NY

JUNE 30, 2021

New York Civil Practice Law 105 (f) and New York City Civil Court Act § 2101(g) define consumer credit transaction as “a transaction wherein credit is extended to an individual and the money, property, or service which is the subject of the transaction is primarily for personal, family or household purposes.” Credit cards.

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Consumer Credit Collections Credit Unions Credit Unions 40

Credit Corp

MAY 30, 2023

In most cases, debtors don’t have enough non-exempt assets to repay their debt. Chapter 7 is reported on your credit report for up to 10 years. These loans are specifically designed to help rebuild your credit. You may find credit-building loans available at smaller community banks and credit unions.

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Bankruptcy Chapter 13 bankruptcy Loans Lender 105

Debt Free Colorado

NOVEMBER 28, 2024

This enables debtors to keep important items while addressing their debts. However, eligibility requires debtors to pass a means test. Chapter 13 Bankruptcy In a repayment plan, debtors develop a strategy to repay all or part of their debts over a period of three to five years. Many personal assets may be exempt.

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Chapter 13 bankruptcy Bankruptcy Chapter 7 bankruptcy Unsecured Debt 52

Troutman Sanders

OCTOBER 16, 2023

On October 11, the Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concerning consumers’ requests for information regarding their accounts with large banks and credit unions. On October 11, the CFPB published its analysis regarding the nonsufficient fund (NSF) fee practices of a number of banks and credit unions.

Financial services 52

Financial services Student loans Student Loans Credit Unions 52

Debt RR

AUGUST 3, 2020

Common reasons for bank account garnishment in Texas include: Private creditors: These are banks, credit unions, credit card companies, peer-to-peer lenders, hard money loan providers, and other financial institutions. This debt can include anything from credit cards to past due balances on office space.

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Garnishment Banks Student loans Student Loans 40

Sawin & Shea

APRIL 17, 2024

This means that unsecured creditors, such as credit card companies, won’t receive what the debtor owes. You’ll need to pay a minimum fee — usually around $200 — that will serve as collateral, but credit card companies often repay these fees once debtors remain in good standing for an extended period.

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Chapter 13 bankruptcy Chapter 7 bankruptcy Bankruptcy Unsecured Debt 52

Troutman Sanders

JULY 5, 2023

financial institutions, including banks, savings associations, credit unions, and mortgage companies. To be considered for membership, the CFPB must receive your completed application packet on or before Sunday July 16. The HMDA data are the most comprehensive publicly available information on mortgage market activity.

Financial services 52

Financial services Financial Institution Credit Unions Credit Unions 52

Troutman Sanders

OCTOBER 26, 2020

The legislation would benefit banks and credit unions with assets under $15 billion. to extend protection of COVID-19 payments from garnishment and amend the required notice to judgment debtors to inform them of an additional category of exempt funds described as emergency relief payments.

Financial services 52

Financial services Foreclosure Financial Institution Banks 52

Account Recovery

DECEMBER 23, 2024

The American Bankers Association, Consumer Bankers Association, Americas Credit Unions, Mississippi Bankers Association, and banks directly affected jointly filed a complaint in the Southern District of Mississippi seeking declaratory and injunctive relief. More details here.

Financial Institution 130

Financial Institution Credit Unions Credit Unions Banks 130

Troutman Sanders

JUNE 22, 2021

Covered institutions include banks, savings associations, credit unions, and mortgage companies. On June 17, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA).

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Financial services Student loans Student Loans Financial Institution 52