According to the website, http://www.720creditscore.com/blog/credit-system-changing-july-1/, as of July 1, tax liens and civil judgments will no longer impact a person’s credit score, as calculated by the three major credit agencies: Experian, Equi…
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A recent case in the District Court, Romanucci & Blandin, LLC et al. v. Lempesis, affirmed a judgment by the Bankruptcy Court awarding $90,000 for an especially egregious violation of the discharge injunction, including damages for emotional dist…
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Creditor harassment can be a big problem for people thinking about bankruptcy. Debt collectors may harass or abuse someone, make false or misleading statements, or take other improper actions. The Fair Debt Collection Practices Act is one tool that p…
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The District Court for the Northern District of Illinois just changed the discovery rules for how and when parties can get information and documents from their opponents in federal lawsuits. If you are involved in a federal lawsuit, it is important t…
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One question people often have about bankruptcy is how it will affect their credit scores. In a recent article (link), Paul Goldsmith-Pinkham, an economist with the Federal Reserve Bank of New York’s Research and Statistics Group, shows that credit…
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Congratulations to Jeffrey Paulsen, partner at the Law Offices of William J. Factor, for his recognition as Rising Star of 2017 of Business Bankruptcy law in SuperLawyers.com annual list of top attorneys! Jeffrey Paulsen finds creative solutions to l…
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According to an article in the Washington Post of March 16 2017, “a new analysis of federal student loans reveals that the number of people severely behind on repaying their debt has soared in the past year, painting a bleak picture of one of t…
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Recently the Court of Appeals for the Fifth Circuit (which covers Texas, Louisiana and Mississippi) held in Tower Credit, Incorporated v. Martin A. Schott (In re Jackson), No. 16-30274 (5th Cir. March 13, 2017), that a judgment creditor had to return…
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The American Bankruptcy Institute today announced the creation of a Commission on Consumer Bankruptcy. The 15-member expert panel will examine the consumer bankruptcy system and issue a report with recommended improvements that can be implemented wit…
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According to a post disseminated today (Rochelle’s Daily Wire) by the American Bankruptcy Institute, “the Tenth Circuit widened an existing split among the courts of appeals by ruling that passively holding an asset of the estate, in the…
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