THE DEPARTMENT OF FINANCIAL INSTITUTIONS WANTS ITS POUND OF FLESH WHETHER YOU ARE GUILTY AS CHARGED
Aug 06, 2011
THE
DEPARTMENT OF FINANCIAL INSTITUTIONS WANTS ITS POUND OF FLESH WHETHER YOU ARE
GUILTY AS CHARGED OR NOT!
I represented a client who was charged in 2010 with
the unlicensed origination of loans...
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The Toothless Tiger: State Assistance with Loan Modification and Debt Settlement Scams.
Jul 29, 2011
If you look at the Department of Financial Institutions or
Attorney Generals websites you would think that those agencies have made loan
modification fraud a top priority. If
you do get that impression...
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LOAN MODIFICATION RIP-OFFS
Jul 27, 2011
As I wrote previously about credit
card debt, there is a consumer debt crisis in America. In this blog I will write about the home loan
crisis and the companies that prey on those looking for a solutio...
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DEBT SETTLEMENT SCAMS
Jul 22, 2011
Debt Settlement Scams
In case you havent noticed, there
is a consumer debt crisis in America. More and more people are falling victim to high-interest credit card
bills. Personal debt, foreclosures, a...
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Lien Avoidance in Bankruptcy
Jul 01, 2011
As I have written previously, a trustee can avoid and recover preferences, which are defined as transfers of money or property by the debtor to or for the benefit of a creditor on account of a pre-exis...
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The Bankruptcy Trustee's Avoidance Powers
Jun 30, 2011
The
Bankruptcy Code has what is known as the strong arm clause. It allows the trustee to avoid or cut off
claims against the debtors property such as unperfected security interests,
improper liens, ...
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Pre-Bankruptcy Planning or Fraud?
Jun 17, 2011
There is advice an attorney may provide a debtor that is ethical and not fraudulent. However, it can be a fine line. I have often been asked to become complicit with debtor's in formulating stories or...
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Why to Choose Between a Chapter 7 or Chapter 13 Bankrputcy
Jun 13, 2011
There are several reasons to pick between a Chapter 7 and a Chapter 13 Bankruptcy. While I do not intend to list all of the possible benefits each may offer, I will discuss the primary issues. First,...
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Department of Financial Institutions Prosecution Strategies
May 30, 2011
This is the third and final article discussing the litigation process with the Department of Financial Institutions ("DFI") under the Mortgage Broker Practices Act. This final article will cover strate...
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Negotiation Strategies with the Department of Financial Institutions.
May 19, 2011
Two weeks ago I wrote that the Department of Financial Institutions had abandoned all sense of justice and fair play in its handling of complaints against those it licenses by effectively selling them ...
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