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Year: 2014

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Consumer Financial Protection Bureau Issues Warning on Bitcoins

August 12, 2014 Mike Shovan

The New York Times DealBook Blog reported that the Consumer Financial Protection Bureau issued its first consumer advisory on virtual currencies, including Bitcoin, and said

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Bankruptcy & Student Loan Relief

Is a Debtor Judicially Estopped from Prosecuting Undisclosed Prepetition Causes of Action where Debtor’s Bankruptcy Case has been Dismissed?

August 8, 2014March 30, 2023 Mike Shovan

As reported by Robin Miller of CBAR: Although the debtor had failed to schedule her prepetition claims against her mortgage creditors in her prior Chapter

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Bankruptcy & Student Loan Relief

What Is The Difference Between a Bankruptcy Case That is Closed Versus One That is Dismissed?

August 8, 2014March 30, 2023 Mike Shovan

As reported by Robin Miller with CBAR: Distinguishing a bankruptcy case that is closed from one that is dismissed, and reaching a conclusion that is

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Bankruptcy & Student Loan Relief

BEWARE THE AFFECT OF FORM 982 ON THE FOREGIVENESS OF INDEBTEDNESS AND ITS AFFECT ON THE BASIS YOU YOUR HOME

August 4, 2014March 30, 2023 Mike Shovan

If you negotiate the foregiveness of indebtedness from a bank on a home loan or credit card company, you will recieved a 1009C. Many bankruptcy

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Bankruptcy & Student Loan Relief

Detroit Appellants Ask the Court of Appeals to Suspend Appeals Pending the Confirmation of the Chapter 9 Plan

August 3, 2014March 30, 2023 Mike Shovan

Reuter’s reported that a federal court was asked to suspend seven pending appeals over Detroit’s eligibility for bankruptcy until the bankruptcy confirmation plan is confirmed

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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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