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In In re Rose I. Avalos, 15 A 00091 (Bankr. N.D. Ill. June 12, 2015), Judge Schmetterer reasoned that a creditor could be found to have violated the Federal Debt Collection Practices Act by filing a proof of claim in a chapter 13 to recover credit ca… Read More

The Obama administration said yesterday that it would forgive federal student loans owed by Americans who can show they were lured to colleges by fraudulent recruiting, a move that potentially could involve billions of dollars and is one of the most… Read More

The CLE webinar will examine the strategic use of Rule 68 offers of judgment in putative class actions, including the growing circuit court split on whether offers of judgment moot a putative class action; how defense counsel are leveraging Rule 68 a… Read More

The U.S. Supreme Court ruled Monday that the bankruptcy code does not allow Chapter 7 debtors to rid themselves of junior liens on home loans that are underwater, a decision that should benefit commercial lenders. Read More

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Two top U.S. banks are preparing to delete negative credit reporting records for some borrowers who filed for bankruptcy, after facing accusations of letting poor marks for unpaid debt haunt borrowers’ credit even after the debt was canceled, the W… Read More

FactorLaw is pleased to announce that Zane Zielinski has joined us as a partner, specializing in bankruptcy, real estate transactions and commercial litigation. We are excited to have Zane as part of our team, and believe he adds considerable depth t… Read More

On November 11, 2014, William Factor debated whether student loans should be dischargeable at the American Bankruptcy Institute’s Consumer Conference (Chicago). Taking the affirmative position, Mr. Factor argued that the law should be amended s… Read More