Monthly Archives: August 2012
Chapter 13 buys you flexibility when you want to keep your home or vehicle, but might need to surrender it after all. But it’ll cost you.
Federal Law Protects Renters from Turning into Collateral Damage from Foreclosures against their Landlords
A temporary federal law gives renters some protections against getting evicted from their homes when a bank forecloses on their landlord. The “Protecting Tenants at Foreclosure Act” is short—only two pages—and simple: after the completion of a foreclosure of a home or apartment building, the new owners of the property must allow renters to continue […]
Increasingly, the rich live among the rich, and the poor among the poor. Especially in the big cities of Texas. Less so in Miami, Cincinnati, Boston, Sacramento, and Portland.
Not only do the majority of the wealthy believe that they should be taxed more, so do a majority of Republicans. These are the surprising conclusions of two polls. When the second-richest American, Warren Buffett, wrote an op-ed column in the New York Times a number of months ago advocating increased taxes for himself and […]
If you want to hold onto your vehicle, or other collateral, Chapter 13 makes it happen.
If you want to hold onto your home, Chapter 13 gives you many extraordinary advantages.
About 1.6 million student loans borrowers are now able to make smaller monthly payments, and make less of these payments before the remaining balances are forgiven. Last October, President Obama announced these improvements to the Income-Based Repayment Plan. The changes are simple. 1. Monthly payments: Under the Income-Based Repayment Plan, payments are capped “at an […]
If Chapter 7 strengthens your hand against your secured creditors, Chapter 13 turns you into Superman. It starts with a much more robust “automatic stay.”
Using credit card cards when you’re thinking about filing bankruptcy, even to a relatively modest extent, can mean that you will have to pay back the amounts of those purchases if you file a bankruptcy. That could happen even if at the time you made those purchases you fully intended to repay that credit—in other […]
Over the last 30 years in America, more of the rich are living among the rich, and more of the poor are living among the poor.