Student loans are a trap that have ensnared thousands of our youth across the United States. The promise of a college education rings hollow for many graduates. Mitch Daniels, former governor of Indiana and current president of Purdue University, does a great job of describing the economic slavery that many college graduates face today. Mr.
Earthquakes are hard to predict. However, I think I see an earthquake coming in the collections and bankruptcy worlds. The Georgia garnishment law might be declared unconstitutional this year. If this happens, all garnishment actions in Georgia will come to a screeching halt. As a consequence, some small collection and loan companies will go out
The Wall Street Journal reports today that Freddie Mac, Fannie Mae and their regulator provided for a “low down-payment mortgage program, which could open homeownership to thousands of cash-strapped borrowers. Here are some highlights: Borrowers could be able to get a mortgage with a down payment of as little as 3%. loans will be available
Can a person who is a guarantor of a mortgage be held liable for the deficiency after after a house is foreclosed? According to a recent decision by the Georgia Court of Appeals, the answer is yes. Guarantor liability from foreclosures just took a harsh turn for guarantors in Georgia. In COMMUNITY & SOUTHERN BANK
When my first daughter was just a little thing, she would say, “Noni! Noni!” whenever she did not approve of something. I thought it was so cute. Like many parents do, I started saying it as well. Fast forward many years later. I still say “Noni! Noni!” and my daughter does not. In my family
“A deluge has swept through U.S. bankruptcy courts of late. Consumer debt buyers – armed with hundreds of delinquent accounts purchased from creditors – are filing proofs of claim on debts deemed unenforceable under state statutes of limitations,” writes Judge Richard Goldberg in Crawford v. LVNV Funding LLC, et al (11th Circuit 7/10/14). For years,
Bankruptcy can be tricky. I recently met with a potential bankruptcy client who had filed her first case on her own (also known as a pro se bankruptcy). Like almost all pro se bankruptcy cases, it got dismissed. After she came to meet with me to discuss refiling the bankruptcy case, she was completely shocked