Recent Bankruptcy? It’s Not Impossible to Obtain a Home Loan
Because the new bankruptcy laws go into effect on October 17, 2005, more Americans than ever are filing for relief using the federal bankruptcy laws ... discharge. Ironically, some those that would not previously qualify for a mortgage do qualify after ... payments. The DTI* (debt-to-income) ratio of this person is 81.25%. Since his credit score is low [more...]
Date: 2009-01-15 00:11:26
Blog posts
(12)
|
Videos
(16)
Solution to bankruptcy
Bankruptcy is defined as a condition where an individual or an organisation is not able to pay their debts to their creditors. Bankruptcy would seem to be the last option for some to clear our debt. Bankruptcy laws are available all over the world. In the United States in particular, new bankruptcy laws have been proposed [more...]
Date: 2009-01-15 04:23:09
Foreclosures linked to 2005 Bankruptcy Reform law
For those readers not familiar with the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCA"), prior to October of 2005, unsecured debt ( ... of their credit card debt, and that would free up income to pay the mortgage. The new law blocks that escape route and forces better-off household to continue paying credit card debt, which makes [more...]
Date: 2009-01-13 16:03:13
No Help for Middle class Americans. Can we get help sooner than later?.
After a year of failed efforts, Congress and the new administration are considering more aggressive measures, including a possible change to bankruptcy law. Homeowner relief could come as part of a new ... for foreclosure relief. Congress and the incoming administration are taking a multipronged approach [more...]
Date: 2009-01-14 21:32:00
The End of Second-Hand Kids' Clothes and Toys?
"Barring a reprieve, regulations set to take effect next month ... have stores in a fit"And this from San Francisco's KCBS: Thrift Stores: New Child Product Safety Laws Too ... we can prevent "National Bankruptcy Day" from happening.What do you think, readers?Grab this banner [more...]
Date: 2009-01-04 00:42:00
New York Fed Paper: Seismic Effects of the Bankruptcy Reform
Donald P. Morgan, Benjamin Iverson and Matthew Botsch of the staff of the Federal Reserve Bank of New York have published a paper titled " ... ' credit losses would be even higher at the moment if the old bankruptcy law was still in place. See also ... from credit card and auto lenders to mortgage lenders. The means test under BAR gives credit card [more...]
Date: 2009-01-12 19:22:41
YOUR TOP TEN CONGRESSIONAL HITS, coming to your neighborhood shortly, is the plan (stolen from Tapped): * S ... mortgages by bankruptcy judges, new regulations for the credit card and financial industry ... interference") and perhaps another go at the Ledbetter law ("removing barriers to fair pay for all workers [more...]
Date: 2009-01-11 20:47:59
Finding a Bankruptcy Attorney in New Hampshire
People living with debt that they can’t handle have a few options to choose from. They can contact a debt or credit counsellor and try to work out a debt settlement plan ... and circumstances is crucial to help your case and help you understand the law and how it applies [more...]
Date: 2009-01-16 00:28:49
U.S. Mortgage Meltdown Linked To 2005 Bankruptcy Law
From Kansas City Star There’s no shortage of blame for the mortgage crisis that drove the economy into the ditch ... by the credit card industry. So say three researchers at the Federal Reserve Bank of New York, who argue that the legislation shifted risk from credit card lenders to mortgage lenders, helping trigger [more...]
Date: 2009-01-14 05:25:41
Money, Credit, and the Law – Know Your Rights
That’s the title of a valuable new video narrated by Professor Richard Alderman, director of the Center for Consumer Law at the University of Houston Law Center. The video, consisting of easily digestible short chapters, provides help managing personal finances, dealing with credit problems and debt collectors, responding when sued by a creditor, seeking credit counseling, or exploring the option of bankruptcy. The video can be viewed online or a DVD can be requested directly from Professor [more...]
Date: 2009-09-17 20:50:58
New Hampshire investigates sudden closing of Hinsdale Greyhound Park
Associated Press CONCORD, N.H. - The New Hampshire agency that oversees the state's race tracks wants to know if the Hinsdale Greyhound Park broke any laws when it declared bankruptcy last month. Timothy Connors, head of the state's Racing and... [more...]
Date: 2009-01-07 23:12:42
State looking into NH dog track bankruptcy
Associated Press - January 7, 2009 8:15 AM ET CONCORD, N.H. (AP) - The New Hampshire agency that oversees the state's race tracks wants to know if the Hinsdale Greyhound Park broke any laws... [more...]
Date: 2009-01-07 13:35:05
12
Results
