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…
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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…
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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…
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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.
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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…
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