News Blog Category – Law Office of William J. Factor, Ltd.

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Senate Bill Would Bar Confessions of Judgments, Including for Merchant Cash Advances (MCA)

January 27th, 2019

In what may be a response to the Bloomberg article that discussed Merchant Cash Advances or MCAs, Sens. Rubio and Brown introduced federal legislation on December 6, 2018, to prevent confessions of judgments and related instruments. The text of the b… Read More

Categories: News

Tags: FTC, small business

Article from ABF Journal Explains how Courts have Treated Merchant Cash Advances (MCA)

January 24th, 2019

In the November/December issue of the ABF Journal, attorney Jefferey Wurst explains the different types of MCAs and how Courts have ruled regarding the vehicle. According to Mr. Wurst, first there “are MCAs that advance money and get repaid sol… Read More

Categories: For Debtors, For Debtors, Interesting Links, News

Tags: ACH, banking, loans

Merchant Cash Advances are Wreaking Havoc on Small Businesses

December 27th, 2018

In an earlier post FactorLaw discussed Merchant Cash Advances, which is a form of financing that appears to be marketed to certain types of small businesses, according to an article dated November 20, 2018 published in Businessweek (the “BW Art… Read More

Tags: bankruptcy, chapter 11, Merchant Cash Advances

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5 Mortifying Reasons Mortgage Applications End Up in the 'Reject' Pile

August 13th, 2018

An interesting article in Realtor.com explains why mortgage applications are sometimes denied. According to the article, a recent Federal Reserve study concluded that one out of every eight home loan applications (12%) ends in a rejection. The causes… Read More

Tags: credit history, mortgage

Bankruptcy Filings among Elderly Increased Exponentially over Last 25 Years

August 5th, 2018

According to an article posted today in the New York Times by Tara Segal Bernard, “[f]or a rapidly growing share of older Americans, traditional ideas about life in retirement are being upended by a dismal reality: bankruptcy.” According… Read More

Tags: bankruptcy, retirement, senior citizen

Experts predicting increased ilIiquidity and link it to the climate that led to the 2008 crisis

July 29th, 2018

According to a recent report by Morgan Stanley “market liquidity across assets is in decline” and “low liquidity were the fundamental triggers of the 2008 crisis.” Those bankruptcy practitioners that had first hand experience… Read More

Tags: 2008 crisis, bankruptcy, recession

Law360 Satisfaction Survey finds that student loans are burdening lawyers too.

July 27th, 2018

According to Forbes magazine, “student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans and according to Make Lemonade, there are more than 44… Read More

Tags: student debt

America is heading for a level of income inequality that hasn't been seen since 1928

July 20th, 2018

Economists have noted that the level of income inequality between the top 1% and the rest of the country is approaching levels last seen in 1928, which, of course, was just before the tragic financial meltdown that pre-dated, or even caused, massive… Read More

Tags: debt, recession, wealth inequality

New Bankruptcy Rules Proposed for Student Debtors

July 19th, 2018

This article in U.S. News and World Report provides a useful summary of some current efforts to address burgeoning student loan problem. Well worth the read. Read More

Categories: Interesting Articles, News

Tags: Student Loans

Inflation-adjusted Wages Slipping in Second Quarter

July 19th, 2018

According to a recent report, median weekly earnings of the nation’s 115.8 million full-time wage and salary workers were $876 in the second quarter of 2018 (not seasonally adjusted), the U.S. Bureau of Labor Statistics reported today. This was… Read More

Categories: Interesting Articles, News

Tags: inflation, salary

» News

Senate Bill Would Bar Confessions of Judgments, Including for Merchant Cash Advances (MCA)

Article from ABF Journal Explains how Courts have Treated Merchant Cash Advances (MCA)

Merchant Cash Advances are Wreaking Havoc on Small Businesses

5 Mortifying Reasons Mortgage Applications End Up in the 'Reject' Pile

Bankruptcy Filings among Elderly Increased Exponentially over Last 25 Years

Experts predicting increased ilIiquidity and link it to the climate that led to the 2008 crisis

Law360 Satisfaction Survey finds that student loans are burdening lawyers too.

America is heading for a level of income inequality that hasn't been seen since 1928

New Bankruptcy Rules Proposed for Student Debtors

Inflation-adjusted Wages Slipping in Second Quarter

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