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Month: July 2014

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Discharge Student Loans

Finally: The Feds Announce Rules to Make Colleges Tell the Truth About Student Loans!!!

July 29, 2014March 30, 2023 Mike Shovan

New federal rules that penalize colleges for excessive student loan defaults offer a powerful incentive for schools to educate students on the complexities of the

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More Than 1/3 of All Americans are Delinquent on Their Debt?

July 29, 2014 Mike Shovan

A study released today by the Urban Institute found that 35 percent of Americans have debt in collections, USA Today reported today. The study, which analyzed the

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Bankruptcy & Student Loan Relief

WILL DETROIT MAKE IT AFTER BANKRUPTCY?

July 24, 2014March 30, 2023 Mike Shovan

As reported on mlive by Mike Wilkinson of Bridge Magazine, serious questions remain as to whether Detroit will be able to survive its historic Chapter

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If a Creditor files a Claim against a Time Barred Debt, Is there a Violation of the Fair Debt Collection Practices Act?

July 12, 2014July 12, 2014 Mike Shovan

Yes – According to at least one US Circuit Court in a recent opinion. As reported by Robin Miller of CBAR, in an important decision

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The Sale of the Art Works held by the Detroit Institute of Arts Could Bring Less Than Half Collection’s Value

July 10, 2014 Mike Shovan

As blogged by the American Bankruptcy Institute and reported by Reuters, art expert Michael Plummer was hired by the Detroit Institute of Arts to evaluate

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Discharge Student Loans

How Do the New US Department of Education Rules Affect the Loan Rehabilitation Program for FFEL and Direct Student Loans?

July 6, 2014March 30, 2023 Mike Shovan

The new rehabilitation rules affect both FFEL and Direct Loans, including: 1. Direct Loan rehabilitation now requires a written agreement (this was true of FFEL

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How Do I Get Information About My Mortgage in Michigan?

July 5, 2014 Mike Shovan

The Real Estate Settlement Procedures Act (“RESPA”) is a federal law that give you the right to get information about your mortgage loan through a

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