Statute of Limitations on Debt Collection
Aug 02, 2011
Recent case law has held that aside from the debtor's right to file forBankruptcyand the protections afforded to debtors under FDCPA, the reach of creditors seeking to recover a debt extends for a limi...
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"FORGIVENESS OF DEBT" TAX EXCEPTIONS: BANKRUPTCY, INSOLVENCY, PRINCIPAL RESIDENCE
Aug 01, 2011
The IRS taxes individuals on "relieved" or "forgiven" debts. Forgiven debts are debts in which the creditor agrees to take nothing or less than the full balance owed, or debts that the creditor has wri...
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SHORT SALE (SENATE BILL 458): LAW AGAINST SHORT SALE DEFICIENCIES EXPANDED
Aug 01, 2011
Senate Bill 931 First Trust Deed Lender Prohibited from Deficiency against Short Sale Borrower
Senate Bill 931 (effective January 1, 2011) provides that a sellers first trust deed lender cannot obta...
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Pitfalls and Options for Investors of Foreclosed Property
Jul 30, 2011
Some American real property investors have found that one way to profit in the real estate market that is currently in a historically unprecedented downturn with no end in sight is to purchase relative...
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MORTGAGE WORKOUT CRISIS - Issues and Impact
Jul 29, 2011
Are you behind on mortgage payments and want to save your home, but you're not sure how? Many people are turning toBankruptcyto save their homes. Many more are losing their homes because they are afrai...
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BANKRUPTCY: Case Example - "Residency" Requirements Impact Outcome of Debtor's Case
Jul 29, 2011
Case Example - Outcome and benefits received by bankruptcy debtor differ depending on what state the debtor files bankruptcy in and whether debtor has option to use federal exemption system:
Benny Ban...
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BANKRUPTCY: New "Residency" Requirements
Jul 29, 2011
Some prospectiveBankruptcydebtors moved locals in response to theBankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCA), which codified several new substantive and procedural rules tha...
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BANKRUPTCY - PROTECTING THE HOME
Jul 29, 2011
Millions of Americans are turning toBankruptcyto save their homes fromForeclosure. There are a multitude of reasons why people are facing foreclosure - some people bought homes with ARM (Adjustable Rat...
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You've inherited property, now what?
Jul 28, 2011
Learn what you need to do if you've inherited property, such as a house or a piece of land....
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PET TRUSTS: Enforcement and Other Issues
Jul 28, 2011
The phrase "a dog is a man's best friend" runs true for millions of Americans - we love our pets, like they love us, unconditionally. Unlike some humans, pets never lie, abuse our affection, or mistre...
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