10 Things Bankruptcy Court Won't Tell You

10 Things Bankruptcy Court Won't Tell You

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Modification Frustration

Today's NY Times has an article regarding Judicial frustration with Wells Fargo for failing to have reasonable communication procedures in place for its mortgage modification process.

http://www.nytimes.com/2009/09/04/business/economy/04wells.html

Bankruptcy and Home Mortgages

This is an excellent published by the American Bar Association on home mortgage modification in bankruptcy and the debate regarding changing the law to give Bankruptcy Judges authority to modify mortgages.

http://www.abajournal.com/magazine/battle_on_the_home_front

Lawsuits against Debt Collectors

http://www.statesboro.biz/News/376/4-054-Federal-Consumer-Credit-Lawsuits-filed-so-far-in-2009-FTC-Sits-on-its-Laurels.aspx

This article discusses the increase in FDCPA lawsuits against Debt Collectors and lists by name the debt buyers and the number of lawsuits filed against each one.

Cash for Clunkers Starting Mondayhttp://www.detnews.com/article/20090724/AUTO01/907240351/1148/$1-billion--Cash-for-clunkers--program-to-kick-off-Mond

http://www.detnews.com/article/20090724/AUTO01/907240351/1148/$1-billion--Cash-for-clunkers--program-to-kick-off-Monday

This article discusses the rebates available to consumers for purchasing fuel efficient vehicles. The program starts on this coming Monday. I would caution consumers to be wary of dealers who act like they're giving a discount on the price when consumers get the rebate. Remember, this program costs the dealers nothing.

NY Times Editorial on Consumer Protection

I've heard Elizabeth Warren speak before, she's absolutely brilliant and recognize the emerging problems long before any of the politicians or financial executives did.

http://economix.blogs.nytimes.com/2009/07/23/why-banks-should-support-a-consumer-financial-protection-agency/?hp

Mann Bracken being sued by NY Attorney General

http://www.statesboro.biz/News/370/Georgia-s-Mann-Bracken-Sued-by-New-York-Attorney-General-Andrew-Cuomo.aspx

The article also says that they're being sued in Georgia for violations of the Fair Debt Collections Practices Act. So far, I don't see anything happening at the Florida Attorney General's office.

Consumer Bankruptcy Filings up 37%

According to the article on this European website, consumer bankruptcy filings in the United States are up 37% from last year.

http://http://www.creditman.biz/uk/members/news-view.asp?newsviewID=10250

NAF enjoined from conducting credit card arbitrations

The Minnesota Attorney General sued the National Arbitration Forum alleging false advertising and unfair and deceptive trade practices. As part of the settlement agreement, NAF has agreed to cease conducting consumer credit card arbitrations. In our office we have seen a pattern and practice by certain debt buyers of filing time barred debt collection claims in arbitration through NAF, obtaining default arbitration awards, and seeking to enforce those awards in our local Courts.

The press release from the Minnesota Attorney General is here:http://http://www.ag.state.mn.us/Consumer/PressRelease/090720NationalArbitrationAgremnt.asp

NPR Interview

The NPR interview should run on NPR in the month of July 2009.

NPR Interview

The NPR interview should run on NPR in the month of July 2009....

NPR Story on Debt Collection

A reporter from NPR interviewed me last year regarding debt collection abuse. The published this story using some quotations from the interview.

#atabc

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