Archive for January, 2010

CHAPTER 13 CLIENTS

ATTENTION!   ATTENTION!   ATTENTION!

DO NOT DO RAPID REFUNDS, REFUND ANTICIPATION LOANS (SOMETIMES CALLED ASSISTED REFUNDS), ETC.

The Trustee will automatically receive your income tax refund from the IRS, pursuant to an order entered in the US Bankruptcy Court, so paying for a quicker income tax refund is a waste of your money and time.
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January 27, 2010   Posted in: Bankruptcy News  No Comments

How Many Chp. 7 Cases Does Your Attorney File

Bar Graph

January 26, 2010   Posted in: Bankruptcy News  No Comments

Jokes- Because Even in Tough Times We Need a Laugh

These jokes are courtesy of O. Max Gardner III.

I got a pre-declined credit card in the mail.
I ordered a burger at McDonald’s and the kid behind the counter asked,”Can you afford fries with that?”
CEOs are now playing miniature golf.
If the bank returns your check marked  ”Insufficient Funds,” you call them and ask if [...]

January 21, 2010   Posted in: Bankruptcy News, Jokes  No Comments

Foreclosures could hit 3 million

Foreclosures could hit 3 million in 2010 | Avvo News
www.avvo.com
The U.S. Treasury Department was unsuccessful in recent negotiations with the country’s largest financial institutions to procure contracts requiring participation in a second mortgage modification program to reduce the number of housing foreclosures this year, which could hit record numbers.

Leading lenders, including Bank of America and [...]

January 20, 2010   Posted in: Bankruptcy News  No Comments

Foreclosures Epidemic Not Over Yet

It isn’t hard to notice that the once rare Bank Owned home had become more and more prevalent. According to experts in the field the worst is yet to come. Realty Trac’s year end report showed a record 2.799 million properties on the marked in the United States are foreclosure filings. This data, from 2009, [...]

January 19, 2010   Posted in: Bankruptcy News  No Comments

Bank Of America’s Foreclosure Rescue Failure

Only 1 Out Of 1,600 Borrowers Have Received Permanent Modifications

Huffington Post |  Marcus Baram
First Posted: 12-11-09 01:09 PM   |   Updated: 12-11-09 02:45 PM

On Monday, the Huffington Post’s Shahien Nasiripour reported on the failure of President Obama’s $75 billion foreclosure program, citing JPMorgan Chase’s prediction that only 15 out of 100 homeowner applicants have or will likely [...]

January 12, 2010   Posted in: Bankruptcy News  No Comments

Insurance Needed for Financial Planning

Dave Ramsey article from the Dollars and Sense section of the Knoxville News Sentinal
Q: I’ve got auto insurance, but can you tell me what other kinds of insurance are good to have?
A: The purpose of insurance is to transfer risk. Specifically, I’m talking about risk that you can’t afford to take. Most people can’t afford [...]

January 6, 2010   Posted in: Bankruptcy News  No Comments

A few days ago new Federal Rules took effect that require mortgage lenders and brokers to give consumers better estimates of the costs they incur when taking out home loans. The new rules mandate a standard three-page Good Faith Estimate that encourages consumers to compare lenders’ offers and to shop around for the best loan [...]

January 4, 2010   Posted in: Bankruptcy News  No Comments