According to a recent press release from the American Bankruptcy Institute, Total bankruptcy filings for the month of February 2018 decreased 3 percent from last year, according to data provided by Epiq Systems, Inc. The 56,694 total filings in Febru…
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The National Association of Consumer Bankruptcy Lawyers is reporting today that the Department of Education and its student loan servicers are kicking bankruptcy debtors out of their Income Driven Repayment plans. The extent of this conduct and the b…
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See the interview from Fed Chairman Powell on CNBC. https://www.cnbc.com/2018/03/01/student-loan-problems-could-hold-back-economic-growth-fed-chief-says.html Education debt has swelled to nearly $1.38 trillion at the end of 2017, a trend that Fed Cha…
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According to the American Bankruptcy Institute, “consumers are on track to get one thing from Congress in response to last year’s massive Equifax Inc. hack: free freezes of their data held by the credit-reporting companies. The bipartisan agr…
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According to an article published in Pro Publica, a consumer’s inability to pay attorneys’ fees prevents many consumers from filing for bankruptcy. This phenomenon has spawned considerable debate about the appropriate “fix”, b…
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In re Thompson, from the District of Massachusetts (17-11318-MSH), the court rejected a plan that delayed the surrender of a house so the debtor’s child could finish high school without moving. The court reasoned, among other things, that ̶…
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In In re Patricia G. Olson, 3:17-bk-50081-BTB (Bankr. D. Nev. 2017), the debtor was 92 years old, legally blind, and a resident of an assisted living facility. She filed bankruptcy to stop foreclosure on a commercial property in Lake Tahoe, Californi…
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Consumers should be careful about who they hire for bankruptcy assistance. According to the American Bankruptcy Institute: A national consumer bankruptcy law firm and its local partner attorneys were sanctioned and enjoined by the U.S. Bankruptcy Cou…
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According to the Tribune (1/22/18) Americans are defaulting on their credit cards at the highest rate in nearly a year, and Chicagoans are leading the pack. Chicago residents are now more likely to miss a credit card payment than residents of any oth…
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We are proud to share an exclusive interview conducted by Bill Rochelle of the ABI with Ariane Holtschlag, FactorLaw’s bankruptcy attorney, regarding some of the cutting edge consumer issues in the Northern District of Illinois. Watch the inter…
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